Next has opened its new 8,000-sq ft store, which includes a 1,700-sq ft Costa Coffee concession, and Brantano is now trading from its 6,000-sq ft unit while TK Maxx is set to unveil its 10,000-sq ft store on October20.
The Next and Brantano units have been created out of the space formerly occupied by Staples while TX Maxx has taken the space previously occupied by Comet.
Pradera director Simon Cairns said: “Next, TK Maxx and Brantano represent a significant milestone in our asset management of the property. We’re delighted to welcome these three major brands which will improve the retail offer for the local community”.
The three new major lettings have already encouraged interest for the remaining units at the 136,000-sq ft retail park, owned by the Pradera Open-Ended Retail Fund (POERF). A further round of lettings is expected to be delivered towards the end of 2016.
The retail park now comprises 13 individual units in two terraces with two restaurant units situated at the entrance. The scheme is adjacent to a Sainsbury food superstore. Existing principal occupiers include DW Sports, Halfords, Laura Ashley and Pets at Home. The area benefits from excellent links with the M1 (J11) passing through the eastern edge of the town, providing an efficient link to the national motorway network. London is 25 minutes away by train from Luton.