London Designer Outlet signs retail anchors
Published: 23 November, 2011
Developer Quintain has signed Gap and Nike as the first anchor tenants for the London Designer Outlet at Wembley City
International sports fashion brand Nike has taken a 9,182-sq ft in a prominent location on the ground floor of the outlet mall facing Wembley Stadium, while global fashion brand Gap has signed up for an 8,235-sq ft unit on the centre’s first floor.
London’s first purpose-built designer outlet and the only one within the M25, LDO is the major retail and leisure element of Wembley City, the 85-acre landmark regeneration project that is transforming the land surrounding Wembley Stadium and Arena. On completion in 2013, it will comprise up to 85 designer retail units, 15 new restaurants, cafés and coffee shops as well as a nine-screen Cineworld.
Phil Cottingham, managing director of retail at Quintain, said: “This marks the start of a new phase in the leasing of the scheme. These deals follow the successful first phase of the lettings strategy, which saw us target operators for the food and beverage area and secure lettings to a range of top names including Pizza Express, Prezzo, Frankie & Benny’s, Handmade Burger Co and Jimmy Spices. This is key to creating a day out, lifestyle, entertainment and retail destination.
“With these deals now done and further deals in solicitors hands, 40% of the scheme is let or in advanced stages of negotiation and we are still two years ahead of opening.”
Letting agents for LDO are CBRE and Bruce Gillingham Pollard.
