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CARDIFF Cushman & Wakefield Global Cities Retail Guide

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CARDIFF Cushman & Wakefield Global Cities Retail Guide CARDIFF Cushman & Wakefield Global Cities Retail Guide 0 Cardiff has a thriving visitor economy, attracting an estimated 20.5 million tourists in 2015 bring an estimated total spend of £1.2 billion to the local economy and supporting almost 14,000 jobs in the city. The city was designated as a centre of culture in 2008 and offers a wealth of arts events and venues, notably the wales millennium centre, situated in Cardiff bay. This iconic venue attracts more than 1.5 million visitors annually, making it wales’ top visitor attraction. The city centre is compact and easily navigable and contains a mixed offer of shopping centre, high street and Victorian shopping arcades, which in combination provides a diverse assortment of shops, cafes and delicatessens. To the south of the centre is Cardiff Bay, Europe’s largest city-centre waterside regeneration project. This area is home to the Welsh National Opera and major businesses such as RBS, Arup and Regus, as well as the National Assembly for Wales and the Welsh offices of the UK Government and the European Commission, in addition to an assortment of waterfront shops and restaurants at Mermaid Quay. The Millennium Stadium has cemented Cardiff’s reputation as a sporting capital, playing host to various high-profile events including the Six Nations Rugby Tournament, the first event of the 2012 Olympics, and hosted a number of Rugby World Cup 2015 games, including two quarter finals. Cardiff is also marketed as “Europe’s Youngest Capital”, and is home to a student population of over 70,000, including an estimated 6,000 CARDIFF overseas students, primarily drawn from Cardiff University, Cardiff Metropolitan and the University of Glamorgan. The city centre is well connected with the Cardiff Central rail OVERVIEW station, giving both regional and national access and the main bus terminus giving access to the heart of the city. The city is strategically located on the M4 and has national and international access via Cardiff Airport. 1 Cushman & Wakefield | Cardiff | 2019 CARDIFF KEY RETAIL STREETS & AREAS QUEEN STREET THE HAYES Queen Street is Cardiff’s main pedestrianised The Hayes is a scenic pedestrianised shopping shopping thoroughfare and is home to high street street, lined with Edwardian and Victorian names including Next and M&S. At the western buildings on the western side of the street and St end of the street is Cardiff Castle, which plays David’s shopping centre on the eastern side of host to a variety of street musicians, performers the street. Following the opening of St. David’s it and most recently, the Nato Summit Dinner. has become home to a number of aspirational Queen Street is also the location of two other retailers including Hugo Boss and Reiss, as well as a dining quarter at Mill Lane. shopping centres within Cardiff city centre; the Queens Arcade Shopping Centre linking into St David’s, and The Capitol Shopping Centre. Both have their prominent entrances on Queen Street. ST. MARY STREET/BREWERY MERMAID QUAY QUARTER Mermaid Quay is a waterside shopping and restaurant quarter within in the Cardiff Bay Brains Brewery was redeveloped into a development. Situated less than a kilometre from restaurant quarter complimenting existing pubs, the city centre, it features an array of cafes and clubs and restaurants in the vicinity. It is within restaurants, a comedy venue, and hosts cultural easy reach of the Millennium Stadium complex and family events throughout the year. and was recently pedestrianized, thus improving the linkage between the transport hubs and St. David’s. 2 Cushman & Wakefield | Cardiff | 2019 CARDIFF MARKET OVERVIEW KEY AREAS/ CONSUMER MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT FOR RANGE OF STREETS PROFILE UNIT OF 2,000 SQFT UNIT SIZES SQFT Queen Street Mass Market, Tourists, Marks & Spencer, Next, Topshop, Metrobank £125,000 300 - 150,000 sqft Local Shoppers, Office Matalan, JD Workers The Hayes Luxury, Tourists, Urban Outfitters, Joules, Molton Oliver Bonas, Seasalt, The £150,000 500 - 80,000 sqft Designer Brands, Brown, Radley, Cath Kidston, Hugo Ivy Restaurants Boss, Reiss Mermaid Quay Tourists, local business Tesco, Austin Reed, Las £75,000 500 - 10,000 sqft density, Local Shoppers Iguanas,Wagamama St Mary Street/High Local, Convenience, Sainsbury, Tesco, Prezzo, £75,000 500 - 10,000 sqft Street/Brewery Quarter Tourists, Business, McDonalds, Pizza Express, Nando’s Restaurants/Pubs/Clubs and Wetherspoon 3 Cushman & Wakefield | Cardiff | 2019 CARDIFF SHOPPING CENTRES ST. DAVID’S/DEWI SANT St. David’s is the largest shopping centre in Wales and the prime shopping destination in Cardiff. The second phase, completed in 2009, extended the shopping centre to include over 130,000sqm of retail and leisure space, anchored by the largest John Lewis outside of London. St David’s, which regularly hosts fashion and entertainment events, is home to over 180 fashion and accessories alongside a two-storey dining quarter. St David’s serves as Cardiff’s main city centre car park. 4 CARDIFF MARKET OVERVIEW KEY SHOPPING CONSUMER PROFILE MAJOR RETAILERS NEW ENTRANTS TYPICAL RENT RANGE OF UNIT CENTERS PRESENT FOR UNIT OF 2000 SIZES SQFT SQFT St David’s Premium, Mid Market, John Lewis, Debenhams, H&M, Bershka, Slim Chickens, £200,000 500 - 35,000 sqft Tourists, Local Shoppers Apple, Victoria’s Secret, Boots, Daniel Wellington, River Island, and Primark Stradavarius 5 Cushman & Wakefield | Cardiff | 2019 CARDIFF FOOD & BEVERAGE The café quarter at Mill Lane Within St. David’s shopping centre, the Eastside dining features al fresco international quarter offers both casual and fine dining, with restaurants including Prezzo, Pizza Express, TGI’s, Yo Sushi and dining and several bars in a Nando’s. picturesque central location. Mermaid Quay features more than two dozen cafes and St Mary Street in the city centre is known for its bars and restaurants in a scenic waterfront setting, within close clubs. Just off St Mary Street is the Old Brewery Quarter, proximity of the Wales Millennium Centre and the home to several chain restaurants and a few business district at Cardiff Bay. independents on the former site of the Brains Brewery. A new restaurant development on Church Street is due to The setting features a mix of modern and historic open in Spring 2019 and the developer has secured pre- architecture, including elements of the original brewery lets to The Botanist, Honest Burger, Pho and Mowgli buildings. Street Food. KEY AREAS CONSUMER PROFILE FOOD & BEVERAGE RENT FOR 3500 OPERATORS INCLUDE SQFT UNIT St. David’s Premium, Mid Market, Wahaca, Cosy Club, £150,000 Tourists and Local Shoppers Wagamama, GBK, Nando’s, Barburitto, Slim Chickens, Shake Shack. Mill Lane Tourists, local shoppers Cote Brasserie, Pitch Bar and £125,000 Eatery, Bills Restuarant St Mary Street/Old Tourists, local shoppers Bella Italia, Nando’s, Mia £100,000 Brewery Quarter Porto, Five Guys Mermaid Quay Tourists, local shoppers, local La Cha Cha, Signor Valentino, £100,000 business density Wagamama. 6 Cushman & Wakefield | Cardiff | 2019 CARDIFF RETAIL WAREHOUSING/BIG BOX RETAIL CAPITAL SHOPPING PARK NEWPORT ROAD RETAIL WAREHOUSE This is the only Shopping Park (ca 438,000sqft and 17 CLUSTER units) with fashion retailers representation in Cardiff. It is The Newport Road retail warehouse cluster is a prime anchored by Marks & Spencer, Asda, Next, Costco and area of retail warehousing extending to ca 750,000 sq ft Outfit. It is also home to a casino. It is located on the with 4 retail parks numerous solus units and 4 food stores west side of Cardiff adjacent to the A4232 peripheral all in the same area. Tenants include Morrisons, Waitrose, distributor road which links Junction 33 of the M4 Sainsburys, Go Outdoors, Porcelanosa, Dunelm, motorway to the City Centre and Cardiff Bay. Halfords, Tapi, Sofology, The Range, Go Outdoors, Carpetright, Pets at Home and Wren. CARDIFF BAY RETAIL PARK Located to the south of Cardiff, the ca 200,000sqft Cardiff Bay Retail Park is anchored by Asda and adjacent to Wales' only Ikea store. Other tenants include: Argos, BHS, Boots, B&M, Blacks, Sports Direct, JD, Pets at Home, Brantano, McDonalds, Costa, Pizza Hut, Bensons for Beds, Thomson and Poundstretcher. CENTRE CONSUMER RETAILERS F&B AND TYPICAL RANGE OF PROFILE PRESENT LEISURE RENT FOR UNIT TENANTS UNIT OF SIZES, 10,000 SQFT SQFT Outfit, ScS, M&S, Capital Shopping Subway, Costa, Mass market Mamas and Papas, £26.00 psf p.a. 1,000 – 90,000 Park McDonalds Hobbycraft JD Sports, Wilko, Cardiff Bay Retail Sports Direct, Pets at McDonalds, Pizza Mass Market £18.50 psf p.a. 1,500 – 45,000 Park Home, Boots, Argos, Hut, Costa Home Bargains Morrisons, Waitrose, Sainsburys, Go McDonalds, Newport Road Outdoors, Frankie and £8.00 psf - 1,000 – Retail Warehouse Mass market Porcelanosa, Benny’s, £35.00 psf p.a. 120,000 cluster Dunelm, Halfords, Starbucks, KFC Tapi, Sofology 7 Cushman & Wakefield | Cardiff | 2019 ALICE HERSHMAN Associate, Retail Services Cushman & Wakefield 43-45 Portman Square London W1A 3BG Tel: +44 (0)20 7152 5798 Mob: +44 7702 518 499 [email protected] No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. © 2019 Cushman & Wakefield LLP. 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