Image: The Lexicon Bracknell
Ticker

FOUR NEW NAMES AND ONE WEEK TO GO UNTIL THE LEXICON BRACKNELL OPENS

The Lexicon Bracknell has announced four new signings for the £240 million retail and leisure town centre transformation in Berkshire.

The new announcements bring the number of new signings within the last six weeks to almost 20, demonstrating the continued strong interest and momentum in the scheme. With just one week to go until the opening on 7 September the scheme is now 93%, by floor area, pre-let or agreed.

Cath Kidston, Moss Bros and Vision Express will further boost the wide array of retailers to have already signed at the urban regeneration scheme, while Greggs will add to The Lexicon’s impressive line-up of restaurants and cafés.

Jessica Berney Head of UK Retail at Schroder Real Estate, commented: “These four new signings demonstrate the continued level of interest that retailers have shown in The Lexicon Bracknell. With just a week until opening, we’re delighted to be able to announce such a broad range of leading retailers that have demonstrated confidence in the scheme.”

Quintessentially British lifestyle brand Cath Kidston will be opening in a 1,745 sq ft unit on The Avenue, the town’s premium pitch, providing a stylish area for the high-end brands in the town. The eye-catching pedestrianisted throughfare, linking the Fenwick and Marks & Spencer anchor stores, will be an appealing environment, enhanced with planted areas and trees and plenty of al fresco seating. Further boosting The Lexicon’s fashion credentials Moss Bros will open in a 2,225 sq ft unit.

The tailor will be joined by high-street optician, Vision Express opening in a 1,745 sq ft store and the UK’s leading bakery food-on-the-go retailer, Greggs, has signed for a 2,225 sq ft unit.

Richard Poyser, Retail Leasing Manager for Legal & General, said: “As one of the largest urban regeneration schemes currently being built in the UK, The Lexicon Bracknell has consistently generated a high level of interest which continues as we approach the grand opening. These new signings will further enhance the new retail in the town centre, which will total one million sq ft of retail, restaurants and leisure, including the adjacent Princess Square shopping centre. The architecturally appealing town centre transformation is set to create a new social and cultural heart for Bracknell.”

The Lexicon Bracknell is being developed by The Bracknell Regeneration Partnership, a 50:50 joint venture between Legal & General Capital and Schroder UK Real Estate Fund, working in partnership with Bracknell Forest Council. The joint agents for The Lexicon Bracknell are CBRE and Lunson Mitchenall.

Follow ACROSS

Download

fb-art 150

Share this article
Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Realm banks on F&B occupier growth with key appointment

Realm has grown its leasing team with the appointment of Caroline Helyer as leasing manager. Caroline will be working across several of Realm’s schemes – including Dalton Park, Milsom Place and Bedford Riverside – where she will be leading initiatives to secure new retail lettings and lease renewals, as well as enhance the customer shopping experience and F&B offering across the portfolio.

redos buys Äppelallee-Center retail warehouse in Wiesbaden, Germany

Hamburg-based large-scale retail property specialist redos Group has acquired the Äppelallee-Center in Wiesbaden near Frankfurt. The purchase was made on behalf of the special AIF "Redos Einzelhandel Deutschland III".

PINKO will open store in Ocean Plaza Shopping Mall in Ukraine

The Italian brand PINKO will open the second store in Ukraine in Ocean Plaza shopping mall. The exclusive distributor of the brand is ARGO. The new store with an area of ​​160 sq.m. will open its doors on the first floor in May. A wide range of women's clothing, shoes and accessories will be presented.

Sabine Georgi Appointed as ULI Germany/Austria/Switzerland Executive Director

Sabine Georgi joins the Urban Land Institute (ULI) from Royal Institute of Chartered Surveyors (RICS).

Acquisition of The Moor, Sheffield in a Joint Venture with BRAVO

NewRiver is pleased to announce that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million, representing a capital value of £60 per sq ft.

Ziv Gigi appointed as Managing Director for GTC’s operations in Romania

GTC has announced the promotion of Ziv Gigi to the position of Managing Director Romania. He will be responsible for all operations of GTC in the Romanian market.