British Land celebrates the completion of two-year refurbishment
British Land’s masterplan for the centre has seen the creation of four districts each with a distinctive character and offer. Columns and bulkheads have been reduced or removed creating lighter, brighter malls, with new glazing, improved lighting and new customer seating and brands have been able to take advantage of new double-height storefronts.
And in parallel with the landlord’s £60m spend, £40m has been invested by more than 70 retailers on store upgrades and by new additions to Meadowhall’s line-up. This combined investment of £100m has already made a positive impact on performance, with footfall on Black Friday up 8 per cent, making it the busiest on record. The prime Zone A rental tone has risen to over £400 per sq ft, reflecting very strong demand for space with 30 new retailers signing in the last 18 months.
Claire Barber, head of Meadowhall for British Land, said: “Meadowhall is a very different place as a result of our investment. It is lighter and brighter; the space is more modern and the offer is significantly enhanced so it is the first choice for shoppers across the region. Together with our longer-term plans for the centre, Meadowhall has a great future as one of the leading retail and leisure destinations in the UK.”
