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St James makes waves in Dover

Published:  03 February, 2017

Dover retail and leisure development 80 per cent pre-let

A further four lettings at the St James retail and leisure development in Dover has taken the scheme to 80 per cent pre-let ahead of its opening in March 2018.

Deals have been agreed with Shoe Zone, Card Factory, Carphone Warehouse and Greggs, with another two units under offer.

Shoe Zone has taken a 5,000-sq ft unit at £115,000 pa, Card Factory and Carphone Warehouse will each pay £45,000 pa for units of 1,500 sq ft, whil Greggs has signed for a 1,200-sq ft store at £36,000 pa. All leases are for a term of 10 years.

Construction work is now well under way on the 156,915-sq ft scheme which is anchored by Marks & Spencer and Next. It also features a 108-bed Travelodge, a six-screen Cineworld multiplex, 445 parking spaces and six restaurants.

Acquired by Legal & General last May, St James is being developed by Bond City in partnership with Dover District Council.

Tim Hance of HRH, which is joint letting agent with JLL, said: “Momentum has picked up at St James, with construction work cracking ahead and a definitive scheme opening date of March 2018. The latest flurry of lettings takes us to 80 per cent pre-let and, given the advanced discussions on further units, we are fast running out of available space.”