The retailer has signed for a 4,000 sq ft unit on a 10-year lease. It will be Fat Face’s first opening in the area, and follows the news that Topshop/ Topman and Lakeland have recently signed up to be a part of the scheme.
The new additions to are a result of M&G Real Estate’s strategy to attract the UK’s leading high street retailers into Sutton Coldfield. Arcadia brands Topshop and Topman will take 7,500 sq ft on a 10-year lease opposite House of Fraser, and kitchenware retailer Lakeland will be in a 5,000 sq ft unit, also on a 10-year lease.
Additionally, New Look has upsized to a 7,000 sq ft store and local business TEDS Potatoes has upsized from a kiosk in the mall to a 500 sq ft unit. Both occupiers have signed new 10-year leases.
Simon Phipps, director, retail asset manager at M&G Real Estate, said: “M&G Real Estate purchased the Gracechurch Centre in July 2013 and we have undertaken a total rebrand for the 545,000 sq ft scheme. In addition works are now underway to upgrade and reclad the mall canopies, replace the tensile covering to Bishops Court, and introduce new signage to revitalise the Gracechurch Centre so that it can reach its full potential.
“Fat Face has responded to this rebrand and chosen the scheme as a key trading location in region. This deal demonstrates our strategy’s success in fulfilling occupiers’ requirements. With a rebrand of this scale and new tenants also including Topshop and Topman, we expect to continue welcoming new brands to the scheme in the near future.”
KLM and Cushman & Wakefield represented M&G Real Estate.