Shopping Centre

Leasing surge at Sovereign centre

Published:  22 February, 2017

Weston-super-Mare centre attracts new brands

Vixcroft has completed a raft of new deals at the Sovereign shopping centre, Weston-super-Mare. In all 20 leasing transactions have been completed since Vixcroft acquired the scheme less than two years ago.

JD Sports has signed a 10-year lease on Unit 10/11, comprising4,693 sq ft, at a rent of 60,000 pa. The deal sees the retailer more than doubling the size of its store within the centre, having previously occupied a 1,600-sq ft store.

Yours has taken a new lease on unit 12 comprising 2,227 sq ft on a five-year lease at a rent of 42,500 pa. And Socialites has taken a new five- year lease on unit 36 at an average rent over five years of 27,000 pa.

Card Factory, Bon Marche and Blue Inc have all completed regears extending their commitment to the scheme until 2021 at a rent of 38,750 pa, 2022 at a rent of 77,500 pa, and 2020 at a rent of 62,500 pa respectively.

Fawcett Mead and GVA are letting agents. Savills acted for Yours, Latham High for Socialites and Capa for Bon Marche.