SREF adds Lidl and Metro Bank to Kings Mall, Hammersmith
Schroder UK Real Estate Fund is welcoming two new household names – Lidl and Metro Bank – to Kings Mall, Hammersmith, diversifying the retail offering of the scheme and widening its appeal to local businesses and residents.
Discounter Lidl has signed an agreement to lease 18,200 sq ft and plans to open the new supermarket in 2020. This follows the reconfiguration of space to accommodate the retailer, as part of extensive investment of work that has been completed at Kings Mall to upgrade the look and feel of the centre into modern, fit-for-purpose convenience retailing.
Metro Bank will also be joining King’s Mall and is currently on site fitting out a newly configured 4,000-sq ft store in a prominent position on King Street. Flying Tiger has completed a refresh of its store, bringing it in line with the new look and feel of the shopping centre. Meanwhile American sportswear and footwear retailer Footlocker has extended the lease on its 3,300 sq ft store by another five years.
SREF Investment Manager Rob Cosslett said: “Our strategy to refocus Kings Mall is really taking hold, driving both shopper footfall and meeting the needs of retailers, particularly at a time when they are increasingly selective about where they operate physical stores.”
