Shopping Centre
Festival Place boosts retailer line-up
Published:  22 February, 2017

New Next anchor store and Skechers sign in Basingstoke

Festival Place, the million-sq ft shopping and leisure destination in Basingstoke, has boosted its retail offer with the signing of sporty footwear brand Skechers, which will be taking a 2,800-sq ft unit

Additionally, Next has opened a new anchor store in the centre, doubling the size of its previous space with a 48,000 sq ft flagship. The new store joins other anchor stores Debenhams and Marks & Spencer, and showcases its fashion, childrenswear and home ranges, as well as its Lipsy sub-brand.

And Metro Bank and Greggs have opened in newly refurbished units on St John’s Square, taking 14,000- and 2,400-sq ft units respectively.

The deals form part of landlord AEW’s extensive asset management and refurbishment plans to improve the retailer line-up and overall performance of the centre, a year after it took ownership.

AEW’s plans significant improvements to the casual dining offer, with the introduction of additional F&B occupiers to Queen Anne’s Walk, currently the premium pitch in the centre. The enhanced F&B will complement the 10-screen Vue Cinema, and several of the existing F&B operators have also increased the size of their units and rebranded.

Russell Jewell, head of private equity funds at AEW, said: “We’re fulfilling our promise to our customers to improve Festival Place, and, after just over a year since acquisition, substantial changes can be seen throughout.”

Joint agents for Festival Place are Lunson Mitchenall and Cushman & Wakefield.