Image: Sketchers


Lendlease and Invesco Real Estate, the global real estate investment manager, have announced that Skechers, the global lifestyle and performance footwear brand, has signed for a brand-new store at Queensgate in Peterborough.

Located on the Upper Mall in the former River Island unit, the 2,611 sq ft store joins Skechers’ worldwide portfolio of franchised retailers and is due to open at the end of April.  Designed by an in-house team, the new store will offer a selection of Skechers’ 3,000 styles for men, women and children.  River Island upsized last year into a new 11,600 sq ft store alongside Joules in the former BHS.

This news coincides with the commencement of phase one works for the £60m extension of Queensgate. The initial works, carried out in partnership with John Lewis, are set to complete at the beginning of 2020 and the full extension by Autumn 2021.  The extension, totalling 77,000sq ft, will be anchored by a 10-screen Empire cinema and create 200 job opportunities once complete, adding 10 per cent to the total number of people employed by Queensgate.  John Lewis is investing in its store as part of the overall proposal to create a new and enhanced retail layout, showcasing its latest store design.

Guy Thomas, Head of Retail at Lendlease, commented on the signings and extension plans: “Skechers’ new store will join the growing footwear line-up at Queensgate, located opposite Office and JD Sports, and will join the brand-new gym, Energie Fitness. The next few years will be very exciting for Peterborough and Queensgate, with the new brands and extension significantly broadening Queensgate’s regional appeal.”

Skechers will join the new luxury crystal jewellery brand Swarovski, set to launch later this month, and Energie Fitness gym.  The latter opened its doors in January, kickstarting the leisure offer with state-of-the-art Precor Cardio, resistance and free weight equipment, and innovative training zones featuring Energie’s exclusive ‘the YARD’ indoor group fitness classes.

CBRE and Time Retail Partners represented Queensgate. SHDH represented Swarovski. 

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

Ticker MORE

Revcap sells six Metro stores to MiDEAL Real Estate Funds

Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds.

CBRE sells BIG Shopping Park in Copenhagen to M&G

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

Trei borrows another €27.5 Million for Retail Parks in Poland

Trei Real Estate borrowed €27.5 million in its first financing arrangement with the Polish bank Pekao. Collateral for the loan was provided in the form of seven Vendo Parks in Poland, all of which were completed during the past twelve months.

MPC Properties buys Delta City shopping center in Belgrade

MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Newsec recruits Patrik Attemark as new CEO

Newsec will gather their present operations in seven countries under a single organization, led by Patrik Attemark who has been recruited as new CEO as of December.