Princeshay, the 479,639-sq ft, Land Securities-owned, retail-led regeneration project in Exeter city centre, is 65 per cent pre-let or in solicitors hands.
Designed by Chapman Taylor, the development will provide more than 60 new retail units and Quicksilver, H&M, Morgan and La Senza have all signed for space. In addition, Zara has just taken a 21,527 sq ft unit that will trade from three levels, USC has taken a 6,243 sq ft corner unit and Clinton Cards has signed for a 6,458 sq ft shop.
John Grimes, retail leasing director at Land Securities, said: "As the tenant mix becomes more apparent and retailers understand the environment we are creating in Exeter, they are all keen to be part of the Princeshay scheme. We have been able to achieve Zone A rents in excess of £250 per sq ft."
Have headline rents in shoping centres started to fall?
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