Victoria Place Re-Opens and Celebrates With a Four-Day Celebration
Victoria Place – the retail and dining centre at Victoria Station, has celebrated its relaunch with a formal opening event taking place over four days.
Following a £16M investment, Victoria Place has welcomed a number of premium brands to its retail and restaurant tenant mix, including Joy, Ed’s Easy Diner, Café Rouge, The Fresh Pizza Company and the first Hema store in the UK. Further leading high street stores are expected to open by Q1 2015. The launch was carried out over four days with nearly 3,000 visitors taking part in a royal ‘photo shoot’.
Alex Clark, Centre Manager at Victoria Place, added: “This felt like a wonderful way to open the doors to our new offering. The centre has a fantastic feel – welcoming our daily commuters and national and international visitors. We now look forward to an exciting couple of decades for this fantastic dining and shopping centre.”
The official launch is the culmination of a new strategy for the centre, which aims to offer visitors the very best of retail and dining in a transport environment.
Development Surge Predicted
The UK shopping centre development market remains subdued in the short-term but a surge of activity is expected in 2017, according to new research released by global real estate adviser Cushman and Wakefield at the BCSC Exhibition in London.
C&W’s UK Shopping Centre Development report reveals development activity has been restrained so far in 2014 and the trend is continuing into the second half of the year – an estimated 124,300sq m of shopping centre space is due to be added over the course of 2014, less than half the total added in 2013.
However, 2017 should see development pick up significantly, with an estimated 179,000sq m of space to be delivered primarily across two new shopping centre schemes, the 117,000sq m Victoria Gate in Leeds and a 53,900sq m regeneration of Bracknell town centre.
Frenchgate Launches £10M Plan
The Frenchgate Ltd Partnership – owner of the 800,000sq ft Frenchgate shopping centre in Doncaster, has devoted a £10M investment budget towards a vibrant new ‘Performance Plan’ intended to strengthen the South Yorkshire centre.
The Plan, which is divided into three distinct stages, is designed to enhance shopper experience at the town centre scheme. Having commenced in the summer, it is forecast for completion in Q2 of 2015, with new stores, refits and reconfigurations taking place in the centre.
As part of the plan, The Partnership is announcing further store openings including Pandora, New Look, Greene King, Poundworld and Lifestyle Fitness gym, as well as a reconfiguration of its Doncaster Railway Station entrance. Pandora opened its new store in August, with the other major names set to open before the end of 2014.
Westfield Announce Three New Versace Stores
Westfield has announced Versace’s new and exciting four-store line-up at Westfield London, which includes a world first Versus Versace concept store.
Situated just outside The Village on the first floor, Versus Versace is a pop-up of the Italian designer’s diffusion line with designer JW Anderson and Donatella Versace joining force as Creative Directors. This is a world first for the Versace Versus brand to launch a standalone store. Versace Collection, a brand in its own right will also offer a wide choice of clothes, accessories and fashion whilst the Versace mainline store will open a second unit in the village.
Along with Versace, several other brands have taken units at Westfield London, including Gym Box, American Eagle, Lindex and Stradivarius.
Cineworld Signs as Yate Riverside Scheme Launches
Cineworld is to anchor a major new retail and leisure park in Yate, in the latest phase of development for the South Gloucestershire town. The 98,000sq ft Yate Riverside scheme will include a six-screen cinema alongside 73,000sq ft of retail and restaurant space. The new phase of development is part of an overall masterplan to transform Yate’s retail and leisure offer.
Owner Crestbridge Corporate Trust completed a 50,000sq ft extension to the existing 400,000sq ft shopping centre in 2014, which is fully let to M&S Simply Food, Peacocks, Sports Direct and Costa Coffee.
Members of South Gloucestershire Council approved the Yate Riverside scheme earlier this year as part of a long-standing drive to enhance Yate’s retail and leisure offer and meet demand in the rapidly growing town, which has 3,500 new homes planned.
Mark Hull, Group Property Controller at Crestbridge commented: “At the moment Yate lacks the food and leisure offer to reflect its significant affluent catchment and major growth plans which the new restaurants and cinema will address.”
The new retail and leisure development has been designed by Haskolls and will be built on land adjoining the already highly successful shopping centre, which boasts a new 110,000sq ft Tesco Extra, a raft of other national and independent retailers and 1,550 free car parking spaces. Construction will start on site during the first quarter of 2015, with further occupier announcements anticipated before the end of 2014.