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Peel Retail Parks has reported strong growth and a record year for store openings at its 11 retail parks nationwide, as the demand for out of town retail continues to grow.
The company, which owns and manages retail parks, has revealed that in 2016 they signed 12 new stores, a total of 12,655 sq m of retail space [136,221sqft], including two flagship Next stores, an M&S Foodhall, plus a number of Iceland’s new format Food Warehouse stores.
Mark Whittaker, Group Property Director at Peel Land and Property, who own and manage Peel Retail Parks, said: “We’re continuing to see a strong demand for out of town retail, which has led to record footfall growth within our Peel Retail Parks business this year.
“Shoppers increasingly want the convenience, variety and discounts they can get at a retail park. With the right operator mix we are attracting a broader customer base, increasing dwell time and improving the overall shopping experience.
“We’re committed to adapting our offering at each park to meet the unique catchment demands within each location and are pleased to form ongoing relationships with retailers as they continue to evolve their business strategies to meet out-of-town retail demand. For example, Iceland which has launched its new Food Warehouse concept this year at a number of our retail parks and continues to roll out across the UK.”
Following the successful opening of the new flagship Next store at Straiton Retail Park in Scotland, Peel Retail Parks has signed two new deals with sofa specialists, Fabb Sofas and ScS Sofas.
New furniture chain Fabb Sofas, launched by DFS founder Lord Kirkham, is opening one of its first UK stores at Straiton Retail Park. The company has signed a 10 year lease for a 1,858 sq.m. (20,000 sq.ft.) unit, and is due to open early 2017.
It follows the recent openings of Tapi Carpets & Floors, Outfit, Next and Nandos, further enhancing the retail offerings and mix at Straiton Retail Park.
Mark Whittaker, Group Property Director at Peel Land and Property, who own and manage Straiton Retail Park, said: “We’re delighted to be one of the first retail parks to welcome Fabb Sofas as they roll out their new stores in the UK.
“The latest lettings at Straiton are fantastic news and bring more investment and jobs to Straiton Retail Park. Peel Retail Parks has been investing significant capital sums into Straiton Retail Park over the last few years and it’s great to see it becoming such a strong success story for our Peel Retail Parks business.”
In addition, popular sofa chain ScS has signed a new 10 year lease at Straiton for a 705 sq.m. (7,588 sq.ft.) unit. The store has recently opened for trade.
Mark added: “This is major retail destination in Edinburgh which is going from strength to strength and continuing to grow at a rapid rate. We have an annual footfall of more than 6million at Straiton.
“These are strong brands and, added to our existing “home” retailers, Next, Harveys, Tapi, Carpet Right and Sofology, strengthen our overall homes and furnishing offering and give more reason to shop at Straiton to the local 1.1m catchment.”
“Benefiting from its strategic central position on the City of Edinburgh bypass, with retailers reporting exceptional like-for-like sales growth, we feel Straiton is perfectly placed to position itself firmly in the upper tier of the UK retail hierarchy, bringing significant economic benefits to the wider Edinburgh area. We will now continue the exceptional momentum we have generated and focus on bringing more exciting retail and leisure providers to the park, developing our unbuilt planning consent and delivering against our business plan.”
Straiton Retail Park, owned and managed by the Peel Group, has reported an 11.6 % increase in footfall during the opening week of Scotland’s largest Next store.
The retail park has eighty thousand square feet of floorspace, the store, which opened its doors on 25 July, is not only the largest to open in Scotland but also one of the largest in the UK.
Footfall for the store’s opening week at the retail park was up by 11.6%, with the opening weekend (Saturday 30 and Sunday 31). The new store signifies the third expansion for Next at Straiton Retail Park, with Peel and Next working collaboratively in delivering each phase of development and growth.
Mark Whittaker, Group Property Director at Peel Land and Property, said:
“These strong early footfall statistics are further evidence of the growing demand for out-of-town retailing and this new flagship Next store is perfectly placed to capitalise on that. The success is testament to the rapid progression at Straiton, which was recently ranked a Top 20 UK Retail Park by Property Week, the added attraction of the Next product offering has further widened the appeal of the park, already attracting in excess of 6 million visitors per annum.”
The next flagship store has created 110 jobs for the local area and offers customers an extensive product range of womenswear, menswear, home and children’s clothing, plus a click and collect service. A newly created second floor within the existing unit has doubled its size, allowing not only Next to open in the space but also Costa Coffee and stationer Paperchase. The jeweller, Beaverbrooks has also opened its first ever UK concession within the store.
Watch our time-lapse video which showcases how it all began:
Dominic O’Rourke, Group Property Director for Next, said:
“We’re committed to giving all of our customers the best shopping experience that we can offer and this new store will bring the very best of our offering to Scotland. It’s also the first Next store to have a Costa, a Beaverbrooks and a Paperchase concession all under one roof. The fantastic opening week figures prove this is a store set for success.”
Next at Straiton Retail Park is open Monday to Friday 9am to 9pm, Saturday 9am to 7:30pm and Sunday 9am to 7pm.
Following the opening of Next, companies such as Outfit, Nike, Matalan, Sofology and Nandos will be strengthening the retailer landscape at Straiton.
Speaking on the ongoing success of Straiton Retail Park, Retail Asset & Development Manager at Peel, Kevin Keigher, added:
“Benefiting from its strategic central position on the City of Edinburgh bypass, with retailers reporting exceptional like-for-like sales growth, we feel Straiton is perfectly placed to position itself firmly in the upper tier of the UK retail hierarchy, bringing significant economic benefits to the wider Edinburgh area. We will now continue the exceptional momentum we have generated and focus on bringing more exciting retail and leisure providers to the park, developing our unbuilt planning consent and delivering against our business plan."
93% of people in Gloucester have voted in favour of plans for the new ultra-modern Next store to be built at Peel Retail Park Gloucester, according to an independent survey.
More than 61% said they would shop out of the city if the store doesn’t open in Gloucester, with 40% saying they would visit Cheltenham instead. The major statistics have been revealed in a report by market research company, DJS Research.*
The planning application for the new store, which forms part of a £14 million regeneration scheme by Peel, is due to go before the City Council Planning Committee on 6 September after months of consultation, which has revealed widespread public support. New CGIs have been released by Peel revealing the eye-catching designs set to bring the “wow factor” to the city.
Roger Wheeldon, director of development at Peel, said: “The people of Gloucester have spoken, and it is clear the vast majority of shoppers are strongly in favour of the new Next store opening. The same level of support was also very clear when we and Next held a public exhibition before jointly submitting the application.
“If this store doesn’t go ahead, a large proportion of shoppers will continue to shop out of the City, travelling unnecessarily to other centres such as Cheltenham and Bristol, and Gloucester will continue to lose trade.
“We are hugely committed to Gloucester and want the city to grow, as demonstrated by over a decade of significant and consistent development and long-term investment. This latest largescale investment will bring Gloucester into the running with these other centres, such as Cheltenham, where it fully deserves to be.”
Creating around 100 new jobs, the new Next store would be one of their new-look “dual-format” stores selling a wide range of clothing as well as furniture. Only a handful of these flagship stores are planned throughout the UK.
Blueprints and CGIs reveal two mezzanine floors covering 28,000sqft and a café with a balcony overlooking the Gloucester & Sharpness Canal.
A spokesperson for Next said: “This is a fantastic opportunity to bring a new, exciting format store to Gloucester to keep people here, rather than travelling to Cheltenham and Bristol.”
Roger Wheeldon added: “Peel has invested more than any other developer in the City and continues to do so and to facilitate others doing so. Combined with existing redevelopment at Gloucester Quays, this scheme would create a fantastic gateway into the city.”
*Survey sample size 1000 respondents
Watch the most up to date developments of NEXT at Straiton Retail Park - due to open July 2016
The Food Warehouse is now open at Peel Retail Park Trafford, and will operate 8:30am - 8pm Monday to Saturday and 11am - 5pm Sundays. Established in 2014 and as part of the Iceland family, The Food Warehouse is a new 'bigger; concept offering a wide range of frozen, chilled, fresh and branded grocery goods. The new store opened today 26th April and offered customers wine tasting, prize draws to win freezers and prize giveaways for the first 100 customers. The store will benefit from free parking on the park and joins the strong retailer line up on the retail scheme.
To view the Trafford Retailer line up click here