Cribbs Mall is gearing up for an exciting New Year following a successful 2023 in which 36 leasing transactions took the principal West Country shopping centre to almost 100 per cent occupancy.
Joint asset managers of Cribbs Mall – M&G Real Estate and Pradera Lateral – reported that during 2023, 110,663sq ft of leasing transactions were concluded. This included six new lettings with the likes of Victoria’s Secret, Mango, Charles Tyrwhitt and Greggs all arriving at the centre over the past 12 months. Meanwhile, 28 retailers renewed their leases, including popular outlets such as Boots, Waterstones, and Fat Face all committing their futures to Cribbs Mall.
In addition to the new arrivals and lease renewals, Wagamama and Phase Eight have expanded their presence at Cribbs Mall. Wagamama signed a new 15-year lease to upsize its unit from 3,455sq ft to 4,499sq ft and popular clothing brand Phase Eight has signed a new five-year lease for a larger 4,146sq ft unit which will open early in 2024.
James Osbaldeston, Asset Manager at Pradera Lateral, added: “The past 12 months have been hugely successful for Cribbs Mall and the surrounding area. It has been great to welcome strong retail brands such as Victoria’s Secret, Charles Tyrwhitt, and Greggs, as well as growing operators including Clogau and Mooch. It has been particularly pleasing to see so many of our popular retailers commit their futures to Cribbs Mall, in particular Phase Eight and Wagamama, both of which have increased their presence at the centre by taking more space. We look forward to working with our existing and future operators to ensure Cribbs Mall continues to provide an environment which supports their needs and ensures they continue to trade successfully.”
