Neptune Wirral Ltd, advised by international real estate advisor Savills and Mowbray Gill, has let space at Marine Point Retail & Leisure Park in New Brighton to Pizza Express and Iceland Foods respectively, taking the scheme to 96% let.
Neptune Wirral Ltd, advised by international real estate advisor Savills and Mowbray Gill, has let space at Marine Point Retail & Leisure Park in New Brighton to Pizza Express and Iceland Foods respectively, taking the scheme to 96% let.
Pizza Express Restaurants has agreed a new 25-year lease on Unit 8 totalling 3,000 sq ft (278 sq m) and will pay an annual rent of £50,000.
Retailer Iceland Foods has taken a new 15-year lease at Unit 16/17, which extends to 6,144 sq ft (570 sq m) at a rent of £92,000 per annum. Iceland is fitting out and will be open for trade on 4th March 2014 and Pizza Express will be open for Easter.
These new lettings come on the back of numerous tenants at the scheme reporting exceptional trading figures. Daniel Hynd, Project Director at Neptune, comments: “Since opening in late 2011, Marine Point has really established itself as a leading retail and leisure destination in the Wirral. Testament to this is the strong tenant line up it has attracted including Morrisons, Grosvenor Casino, Green King, Prezzo, Starbucks, La Tasca, Chimichanga and Loungers. Many of our operators have reported outstanding trading since opening, which further reinforces the strength of New Brighton.”
In addition to these new lettings, negotiations are in progress for the last remaining leisure units – 7 and 13, which total 2,750 sq ft (255 sq m) and 1,754 sq ft (162 sq m) respectively.
Occupying a prime waterside location overlooking New Brighton beach and marine lake, Liverpool bay and the Mersey estuary, Marine Point Retail & Leisure Park is a mixed use regeneration development. The scheme has also involved the redevelopment of the highly acclaimed Floral Pavilion Theatre and Conference Centre in New Brighton as well as rebuilding the marine and boating lakes and a new sailing school along with extensive public realm improvement works.
Neptune has also signalled its intent to start on site with 24 apartments marking the final phase of the New Brighton master plan.