Parkgate in South Yorkshire has welcomed Pavers and Starbucks to its rapidly expanding line up. In addition, Superdrug will be upsizing at the retail park, doubling the size of its previous store with a c.10,000sq ft unit, demonstrating continued retailer confidence at Parkgate.
Occupying a unit of just over 4,000sq ft on a five-year lease, Pavers is one of the UK’s leading comfort shoe retailers, with over 150 stores in the UK. Meanwhile, Starbucks has secured a new c. 2,000sq ft unit adding to Parkgate’s extensive F&B line up, which includes key brands such as German Doner Kebab, Nandos, Frankie & Benny’s and Popeyes.
The brands’ decisions to open and expand at Parkgate underscore the appeal of the park’s evolving line up. Columbia Threadneedle Investments’ ongoing asset management strategy has seen a series of new occupational deals at Parkgate in recent months including Wilko and a new multi-fascia unit for the Frasers Group comprising USC, Sports Direct and Everlast.
Tom Hatfield, asset manager at Columbia Threadneedle Real Estate, said: “In the two quarters since our acquisition of Parkgate, we have continued to diversify our retail offering for shoppers. Building on Columbia Threadneedle’s extensive experience within the retail park sector, Parkgate has welcomed eight new tenants and secured a key lease renewal – equating to over 94,000 sq ft of committed space – in just seven months. The arrival of these two new brands, alongside Superdrug’s expansion, is further evidence of the appeal of Parkgate. And with further tenant discussions already underway, we hope to make additional announcements soon.”
The leasing agents for Parkgate are Curson Sowerby Partners and Morgan Williams.
