Jack & Jones – the Danish menswear company – has reaffirmed its commitment to Festival Place by signing a five-year lease for a new 1,835sq ft unit on the ground floor. This relocation positions the new store within Festival Place’s main fashion pitch and continues the brand’s long-standing presence in Basingstoke.
Simon Barrett, managing director and head of asset management at AEW, said: “The fact that existing tenants are investing and introducing new concepts demonstrates that our tailored strategic approach of retaining existing tenants and attracting exciting new ones, alongside several local operators, is proving successful.”
With 25 new leases and lease renewals agreed since the beginning of 2022, Festival Place continues to demonstrate its resilience and relevance as a significant retail and leisure destination. The mall’s leasing activity for H1 2023 has included deals with Black Sheep Coffee, Entreprise Rent-A-Car, Wenzel’s and Kushti Comics. Recent leasing activity also includes the provision of space to the Community Food Link, a Basingstoke charity that collects fresh food and delivers it to those in need, to operate a new delivery Hub.
Joint agents for Festival Place are Lunson Mitchenall and Cushman & Wakefield. CBRE is the managing agent for the centre.
