British Land signs Primark and M&S for Broughton Shopping Park

CGI+Primark (1)Hercules Unit Trust (HUT), the specialist retail park fund advised by British Land and managed by Schroders, has completed leases with Primark and M&S at Broughton Shopping Park in Chester.

Primark has taken 39,100 sq ft over two floors on a 15 year lease at the 350,000 sq ft shopping park and will be located in the former BHS unit. This will be the first Primark to open in the region for five years. M&S will also open an 11,000 sq ft Foodhall. Both stores are scheduled to open later in the year.

Other new retailers include Specsavers and Card Factory which have both signed new 10 year leases for 1,725 sq ft and 1,650 sq ft respectively. Existing retailers Outfit and WH Smith have also committed to Broughton for a further 10 years.

These new lettings follow the recent opening of a £13 million leisure extension at the park comprising an 11-screen Cineworld IMAX cinema and new restaurants including Frankie & Benny’s, PizzaExpress, Chiquito, Prezzo and Nando’s.

Over the course of the next 18 months HUT will beBM+-+Final+-+Colonnade investing a further £15 million in a refurbishment programme at Broughton Shopping Park. The refurbishment will transform the look and feel of the scheme and will include the installation of double height shop fronts, enhanced public realm and customer facilities, wider walkways and improved pedestrian linkages across the park.

British Land was represented by Savills and CBRE. Lambert Smith Hampton acted for Primark and M&S was represented by Cheetham & Mortimer.

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