UK SHOPPING CENTRE PORTFOLIO 7 August 2008
Brent Cross, London NW4 Brent Cross is situated in affluent North West London. The centre is served by three main arterial routes - the M1, A406 Size: 83,900m² and A41- three train stations, and a major bus station. The Refurbishment: 1995 centre has always been fashion-focused and is regularly the Ownership: Hammerson 41%/Standard Life 59% site of choice for international retailers opening their first UK No of tenants: 116 stores such as Abercrombie & Fitch’s brand, Hollister, which Anchor stores: John Lewis, Fenwick, opens its first UK store in late Summer 2008. Hammerson Marks & Spencer and Standard Life have completed a 1,000m2 rooftop Tenure: Leasehold extension to the centre, creating a 2,130m² flagship store for Average rent: £1,115/m² Arcadia which opened in Spring 2008.
Bullring, Birmingham Developed in a joint venture between Hammerson, Henderson Global Investors and Land Securities and Size: 125,200m² completed in 2003, Bullring has transformed Birmingham’s Opened: 2003 city centre. With around 40 million visits a year, Bullring Ownership: Hammerson 33%/Henderson Global continues to attract high quality aspirational UK and Investors 33%/Land Securities 33% international brands, demonstrated by the recent lettings to No of tenants: 159 The Disney Store and Henleys. The catering offer continues Anchor stores: Selfridges, Debenhams to flourish with 14 restaurants including Pizza Express and Tenure: Leasehold Wagamama. Average rent: £455/m²
Queensgate, Peterborough Hammerson acquired a 50% interest in the freehold of Queensgate shopping centre in November 2005. The centre Size: 81,400m² is a fully enclosed two level shopping centre with Opened: 1982 125 tenants and 2,300 car parking spaces. River Island Ownership: Hammerson 50%/Norwich Union 50% recently upsized into a new unit of 1,055m² and Jane No of tenants: 123 Norman, new to the scheme, River Island’s existing 300m² Anchor stores: John Lewis, Waitrose, store. A major refurbishment of the centre is planned as part Marks & Spencer of the North Westgate project, a 60,000m² mixed-used Tenure: Freehold scheme by Hammerson and Norwich Union on land adjoining Average rent: £370/m² the centre.
The Oracle, Reading Since opening in 1999, The Oracle has become the foremost shopping and leisure destination in the Thames Valley region. Size: 71,100m² Developed in joint venture between Hammerson and Abu Opened: 1999 Dhabi Investment Authority, The Oracle continues to attract Ownership: Hammerson 50%/ADIA 50% UK and international retailers including recent lettings to Body No of tenants: 110 Shop and L’Occitane. The Riverside, the scheme’s waterside Anchor stores: House of Fraser, Debenhams restaurant and leisure venue, is home to 18 cafes and Tenure: Leasehold restaurants, including a newly rebranded Ha!Ha! Bar & Grill, Average rent: £485/m² and a 10-screen Vue cinema.
The Shires, Leicester Built in 1991, The Shires has provided the city’s prime offer for major fashion multiples with retailers such as Next, River Size: 46,400m² Island, Oasis, and Monsoon. Construction is nearing Opened: 1991 completion on Highcross, a 61,000m² extension to the Ownership: Hammerson 60%/Hermes 40% scheme. Highcross will be anchored by John Lewis and will No of tenants: 75 provide new stores for New Look, Top Shop, Zara, H&M, Anchor stores: House of Fraser, Debenhams Apple, Reiss and Hobbs as well as relocations to larger units Tenure: Freehold for Next, River Island and Republic. Average rent: £480/m²
WestQuay, Southampton Developed by Hammerson and opened in 2000, WestQuay has established Southampton as the region’s premier Size: 76,200m² shopping destination. Many of WestQuay’s retailers are Opened: 2000 unique to the region, including flagship fashion and lifestyle Ownership: Hammerson 50%/GIC 50% stores. Recent openings have included River Island and No of tenants: 95 Nando’s restaurant. A significant addition to the retail profile Anchor stores: John Lewis, Marks & Spencer is All Saints, due to open Summer 2008. Hammerson has Tenure: Leasehold been appointed manager for the development of the next Average rent: £625/m² phase, Watermark WestQuay III, on a 2.2-hectare site adjacent to the shopping centre.
Contact: Andrea Cockram, Corporate Communications Manager Hammerson plc 10 Grosvenor Street, London W1K 4BJ Tel: 020 7887 1881 [email protected]
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