Colliers International has been instructed as joint agents, alongside ARC Retail, on Regent Arcade Shopping Centre, Cheltenham’s premier shopping destination.
Regent Arcade currently has over 60 stores with 528 parking spaces, including anchor tenants H&M, TK Maxx and River Island. The centre has recently undergone a refurbishment program and re-development has begun to embrace the rapidly changing retail landscape.
Lloyd Entwistle, Director, at Colliers International commented: “Colliers team has been offering advice over the past few months on the re-purposing of the House of Fraser in Cheltenham, known as Cavendish House, which links into the shopping centre. Canada Life Investments, which also owns this store, has now instructed us on the whole shopping mall.
“There has been lots of recent work at Regent Arcade. Permission was granted in 2018 for a new luxury boutique cinema with a casual dining area in the former BHS store. Tivoli Cinema is due to open later this year. Furthermore, an additional 20,000 sq ft of space has been re-purposed for a food hall operator.
“Continuing the leisure focus, the former Carluccio’s at the rear of the centre has just been let to KIBOUsushi, a multi award winning Japanese hot kitchen concept. In addition, space has been amalgamated on the first floor to create a new gym.
“We are looking forward to working with a pro-active landlord who is continuing to invest in a quality asset.”