Sostrene Grene Chester Image: Ellandi
Ticker

Retailers Race to Chester

Community Shopping Centre specialists Ellandi welcome 3 new retailers just 5 months after being appointed to asset manage the Grosvenor Shopping Centre in Chester by HIG Capital.

The lettings to Sostrene Grene, who opened their 2nd UK store in Chester late last year, HMV and Muffin Break have improved the tenant mix and increased the centre’s net operating income by 10%.

Jonathan Cooper, Director of Sostrene Grene, reports “Sostrene Grene Chester has got off to a fantastic start, from the opening day with queues going out of the centre to having over 10,000 customers a week coming into the store at Christmas. We are overwhelmed by the response to our shop in the Grosvenor Centre Chester and how quickly the local population have taken this new Danish store to their hearts with continued repeat business.”

The new additions follow relets to H & M and Topshop and the relocation of Costa Coffee to a bigger unit, demonstrating retailer confidence in the scheme.

Alex Brooker, Asset Management Director of Ellandi added “These new retailers re-affirm the Grosvenor Centre as the heart of retail in the historic City of Chester. We are working up a number of redevelopment plans in the pipeline and are currently in negotiations with a selection of international brands and occupiers which we expect to be able to reveal soon.”

 


Follow @across_magazine on Twitter and @across.magazine.europe on Facebook, sign up for our ACROSS newsletter and subscribe to ACROSS Magazine.


 

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

Ticker MORE

Award for Klaus Striebich

The retail real estate expert received the “ICSC Trustees Distinguished Service Award” in 2019

Foundation stone of Westfield Hamburg laid

On May 22, 2019 Unibail-Rodamco-Westfield (URW) laid the foundation stone of the Westfield Hamburg, located in Überseequartier, one of the major mixed-use districts in Europe, and Hamburg’s largest development project.

Sonae Sierra with another solid operational performance

The Company’s Net Result increased 25% to €19.1 million in the first quarter of 2019.

First “& Other Stories” in the Baltics

The premium and accessible fashion brand, & Other Stories opens its first ever Baltic Store in the shopping center Galleria Riga, in Riga, Latvia.

CCC opens Zagreb’s biggest shoe store

An almost 1,000 sq m store has opened its doors at Arena Centar.

Matthijs Storm proposed as new CEO of Wereldhave

The company‘s Supervisory Board announced the proposed nomination of as per August 1, 2019.