RECORD YEAR FOR PEEL RETAIL PARKS AS OUT OF TOWN SHOPPING CONTINUES TO BOOM

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.”

STRONG DEMAND FROM GLOUCESTER SHOPPERS FOR NEW FLAGSHIP NEXT STORE

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

The Food Warehouse Now Open At Trafford

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

THE FOOD WAREHOUSE