The Junction, The Boulevard Credit: Lotus Property
Ticker

Post Covid preference signals a renaissance for out-of-town retail

Since opening their doors on June 15, The Boulevard, Banbridge and The Junction, Antrim, two of Northern Ireland’s largest out-of-town retail schemes, have enjoyed a significant rise in footfall comparable to the same period in 2019 and unlike many high streets, this hasn’t dipped dramatically as the novelty of being out wears off.

In the last fortnight alone, between both schemes the footfall was up by as much as 15% than it was in the same fortnight last year. Major anchor tenants have reported outperforming many of the strongest UK schemes, with feedback showing Northern Ireland is consistently performing better than the rest of the UK. Brands such as Beauty Outlet, GAP, Mountain Warehouse, Denby, Asics and Nike are seeing sales increases between 10.5% and 124.6%   Fresh air, free car parking and extensive square footage are just some of the reasons that owners Lotus Property attributes to the success of both schemes.   

Alastair Coulson, managing director, Lotus Property, commented: “With fresh air, green spaces, minimal touch points and one-level free parking, we have really been able to capture shopper confidence at a time when returning to physical stores may still be approached with caution. At both schemes, we also invested heavily into PPE, social distancing measures and hand sanitising stations to ensure a safe and comfortable shop for both staff and customers. “

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Redevco completes leasing urban mixed-use development Le 31 in Lille

Redevco has attracted Decathlon City and Team Break to complete the leasing of Le 31 in Lille. This innovative mixed-used project in the heart of the city, is now fully let and will open in Spring 2021.

Café De Nata cooks up culinary delights at Camden Market

LabTech, owner of Camden Market, has announced its latest signing for Camden’s high street, Café De Nata, the Portuguese tart specialists.

ECE partners with Google to take another step in turning shopping centers into omnichannel platforms

ECE is continuing to push the expansion of its shopping centers into omnichannel platforms and is underpinning these efforts with a new strategic partnership with Google.

Shelley Sandzer signs Megan’s in Surbiton

Leading specialist UK leisure property agency, Shelley Sandzer, acting on behalf of a private landlord, has leased the 4,300 sq ft restaurant at 38 Victoria Road in Surbiton to Megan’s, the independent all-day eatery.

Mercers’ Company signs independent jewellers for Covent Garden

The Mercers’ Company has announced that independent jewellers, e&e Jewellery, has signed for a new boutique on Neal Street, set to launch late November.

Poles like traditional but convenience shopping

The share of Internet sales has returned to near pre-pandemic levels. At the same time, Polish customers are more willing than before to turn to convenience shopping in smaller retail formats.