Savills have undertaken the retail agency role (asset management and letting) on this scheme over a 24 year period. We have brought advice from our dedicated specialist teams including retail rlanning, property management, project management and Savills Earth (sustainability).
During 2023 five new leases were agreed with Matalan, Pure Gym, The Works, Shoezone and Tapi across over 35,000 sq ft. Each letting required a detailed specification to be agreed (Project Management), whilst specific planning was required for Matalan (mezzanine extension) and Pure Gym (change of use).
We are working closely with our Property Management colleagues on the daily functioning of the scheme, constantly looking at ways of improving the traffic flows at peak times on this popular park. We are currently looking at re-routing the HGV access to relieve some of the congestion.
New deals are in hand with a national Drive Thru operator to take the former Gourmet 4 unit, subject to planning for a Drive Thru lane (consent now received late 2023 - Savills Planning).
The park constantly challenges the team as weaker retailers fall by the way side, and the retail landscape changes.
Our latest projects are looking to introduce both EV charging and a PV supply on site to help create a Sustainable portfolio for the client.
Over the past 24 years over three quarters of the 24 tenants on the scheme have been replaced/upsized/asset managed. Each letting invariably requires the input of the whole Savills team to deliver the required strategy.