Lifestyle Retail Thinking Outside

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2 Lifestyle Retail Thinking Outside 2

3 Thinking differently to create brilliant places. Welcome to The Crown Estate s Regional Retail Portfolio. The best destinations in the right locations Our portfolio of 4.3 million sq ft of prime regional retail and leisure space comprises 15 regional retail parks, three shopping centres and one leisure destination. We are investing to create the next generation of modern shopping destinations. Our bespoke approach to asset management enables us to deliver the dynamic destinations consumers want, in the convenient locations they like to visit. Creating long-term value Long-term thinking drives our investment, development and management decisions. This means our retail and leisure destinations are not only built to last, but continually evolve, creating better experiences for shoppers, more profitable trading environments for our retail partners, and greater value for the communities in which we operate. 3

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5 A team you can trust Our expert team of asset managers take pride in their work. You can trust us to get things right, and to always do what we say we will. That means providing safe, clean and attractive retail and leisure destinations. It also means proactively seeking new ways to deliver the very best experience for our customers, and for your consumers. We work with a trusted network of industry leading partners, including our managing agents, contractors, and external consultants; a specialist team, working together to deliver a firstclass customer experience for you. Dedicated to consumers As consumer habits change, so do our destinations. We pride ourselves on understanding the consumer landscape wherever we operate in the UK. We believe this forward thinking approach is the reason we welcome over 100 million shoppers to our schemes annually. Sustainability is part and parcel of our business From supporting local people into jobs, to setting new green standards, we work hard to create value for our communities. We are sensitive to their wants and needs, and know that working in partnership is more than just good corporate behaviour, it makes good business sense. 5

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7 Well designed, well-located and well-managed is at the heart of our schemes and drives commercial success The Crown Estate is a specialist real estate business, focusing on retail across the country and commercial property in central London. We also have a substantial portfolio of rural land and offshore wind. Established by an Act of Parliament as an independent commercial business, we pay all our profit to Treasury. This has totalled 2.4 billion over the last ten years. Responsible for a 12 billion property portfolio, we are driven by a strong set of values and take a long-term view to ensure it is sustainably worked, developed and enjoyed to deliver the best value over the long-term. This approach is helping us to outperform the market. In the last year, we let almost 580,000 sq ft of prime retail and leisure space outside of London, as we continue to grow and evolve our 2.3 billion Regional Retail Portfolio. 7

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9 Our locations Altrincham 10 Altrincham Retail Park Banbury 12 Banbury Gateway Shopping Park Cheltenham 14 Gallagher Edinburgh 16 Fort Kinnaird Ellesmere Port 18 Coliseum Shopping Park Exeter 20 Princesshay Shopping Centre Harlow 22 Queensgate Centre Leeds 24 Crown Point Shopping Park Leicester 26 Fosse Liverpool 28 Aintree Shopping Park Maidstone 30 South Aylesford Retail Park Milton Keynes 32 MK1 Shopping & Leisure Park Newcastle 34 The Gate North Tyneside 36 Silverlink Shopping Park / Silverlink Point Nottingham 38 Victoria Retail Park Oxford 40 Westgate Shopping Centre Portsmouth 42 Ocean Retail Park Rushden 44 Rushden Lakes Worcester 46 Chapel Walk Shopping Centre Worcester 48 Friary Walk Shopping Centre 9

10 Lifestyle Retail Thinking Outside Altrincham Retail Park Altrincham Premium retail park in an affluent catchment area. 218,000 sq ft 846 Open A1 WA14 5GR Description Attracting around 3.9 million visitors each year, Altrincham Retail Park encompasses two distinct, but connected, zones. Comprising a total of 15 units, the first of these zones is home to some of the UK s most popular high street retailers, including Argos, Boots, Currys PC World, Hobbycraft, Mothercare and Homebase. The park s second zone is selfcontained, and features TK Maxx, Carpetright and Pizza Hut. Ample parking is provided throughout the park, supporting a catchment of 641,000 shoppers located within a 20 minute drive time. Location The park is located in Altrincham, one of Greater Manchester s most affluent areas and has a resident catchment with a non-food spending power of over 2.5 billion per annum. It is adjacent to the A56, which is the principal route connecting the town with the M60, the M56, M6 and Manchester City Centre, making it easily accessible to thousands of visitors. Contact Claire Maude claire.maude@thecrownestate.co.uk 10

11 Altrincham Retail Park Altrincham Unit LET Unit TO LET Unit UNDER OFFER 11

12 Lifestyle Retail Thinking Outside Banbury Gateway Shopping Park Banbury The latest addition to Banbury s retail experience, anchored by M&S and Primark. 158,800 sq ft 587 Open A1 OX16 3ER Description Banbury Gateway is one of Oxfordshire s premier shopping destinations, offering prime retail space to major retail brands, including M&S, Next, Primark, New Look and River Island. Since launching in 2015, the park has welcomed more than 3.6 million visitors per year from across the region, with over 70,000 shoppers now visiting every week. Exceptionally well located, this highly accessible development is adjacent to the M40 motorway at Junction 11, with the affluent catchments of Oxford, Daventry and Towbridge all within easy reach. Location The park can be accessed from Junction 11, approximately half a mile (1km) to the south via the A422. Banbury town centre lies two miles (3km) to the south west of the park. A regular bus service links the park to the town centre. Contact Nicole Campbell nicole.campbell@thecrownestate.co.uk 12

13 Banbury Gateway Shopping Park Banbury Unit LET Unit TO LET Unit IN ADMINISTRATION 13

14 Lifestyle Retail Thinking Outside Gallagher Cheltenham Strong passing trade in an affluent part of the UK. 155,800 sq ft 1,013 GL51 9RR Part Open A1, Part Restricted A1 Description Cheltenham s primary out-of-town retail destination, Gallagher, Cheltenham enjoys strong passing trade and welcomes more than 7 million visitors each year. The park has been fully refurbished, and benefits from an adjacent 95,000 sq ft Sainsbury s supermarket. In addition to long-established retailers, such as Next and Boots, the park boasts some of the most popular new additions to the UK retail landscape, including Outfit and Whole Foods. Location Located 1.5 miles (2.5km) north west of Cheltenham town centre on the A4019 Tewkesbury Road. Contact Geoff Ford geoff.ford@thecrownestate.co.uk 14

15 Gallagher Cheltenham Owned as part of a 50:50 joint venture with Hercules Unit Trust in the Gibraltar Limited Partnership. Unit LET Unit TO LET Unit UNDER OFFER 15

16 Lifestyle Retail Thinking Outside Fort Kinnaird Edinburgh One of the UK s biggest shopping parks. 560,000 sq ft 2,588 Open A1 EH15 3RD Description Fort Kinnaird is a well-established retail destination in Edinburgh, and one of the largest shopping parks in the UK. Featuring over 70 high-street retailers, the park is anchored by M&S, Next, Outfit, TK Maxx and Primark. A recent extension to the development has introduced a strong leisure offer, with a sevenscreen ODEON cinema, and broad choice of restaurants, including Five Guys, PizzaExpress, Nando s, Frankie & Benny s and TGI Fridays. Location Prominently located adjacent to the A1 one of the main routes serving Edinburgh, a world-class cultural destination. The city centre is just over three miles (6km) to the north west of the park. Contact Geoff Ford geoff.ford@thecrownestate.co.uk 16

17 Fort Kinnaird Edinburgh Owned as part of a 50:50 joint venture with Hercules Unit Trust in the Gibraltar Limited Partnership. Development Potential 30,000 sq ft Opening Oct 2017 Opening Sept 2017 Opening Q Opening Q TO LET 4,000 sq ft TO LET 7,000 sq ft Unit LET Unit TO LET Unit UNDER OFFER 17

18 Lifestyle Retail Thinking Outside Coliseum Shopping Park Ellesmere Port One of Ellesmere Port s retail and leisure hotspots. 155,000 sq ft 1,273 Open A1 CH65 9HD Description Coliseum Shopping Park is part of a retail and leisure hotspot that also includes Cheshire Oaks Designer Outlet, the largest M&S superstore outside of London, and Coliseum Leisure Park. This means the park enjoys significant passing trade and high footfall, with a catchment of 600,000 and a resident household income 9% greater than average for the North West. Recently refurbished, current retailers at the park include Debenhams, Outfit, River Island, New Look and Next. Location The park is located at the Junction of the M56 and M53 motorways and has a wider catchment area that extends across the North West. Contact Claire Maude claire.maude@thecrownestate.co.uk 18

19 Coliseum Shopping Park Ellesmere Port Unit LET Unit TO LET Unit UNDER OFFER 19

20 Lifestyle Retail Thinking Outside Princesshay Shopping Centre Exeter One of the South West s premier retail and leisure destinations. 400,000 sq ft 513 Class A1 & A3 EX1 1QA Description Located in the heart of Exeter with the iconic cathedral as its backdrop, Princesshay is home to over 70 of the UK s best-loved high-street brands, including Debenhams, Topshop and Zara. A complementary mix of specialist and boutique shops, as well as restaurants and cafés including Jamie s, Byron and Yo! Sushi, create a cosmopolitan culture that visitors love. Location Exeter City Centre is located 20 minutes drive from Junction 30 of the M5, approximately 37 miles (60km) north east of Plymouth and 70 miles (110km) south west of Bristol. Contact Katherine Armstead katherine.armstead@thecrownestate.co.uk 20

21 Princesshay Shopping Centre Exeter Owned as part of a 50:50 joint venture with TH Real Estate. Unit LET Unit TO LET Unit UNDER OFFER U/O 21

22 Lifestyle Retail Thinking Outside Queensgate Centre Harlow Leading Essex retail park complete with cinema and restaurants. 324,000 sq ft 842 Restricted A1 CM20 2DA Description Queensgate Centre is one of Essex s leading retail and leisure parks, boasting a catchment with non-food spending power of 1.9 billion per year. The centre comprises 19 retail outlets, including Toys R Us, Laura Ashley, Decathlon, Hobbycraft, Next Home, Sports Direct and Mothercare, and a popular Cineworld cinema, all of which is complemented by Chiquito, PizzaExpress, Costa and Subway. Location Queensgate Centre enjoys a highly accessible position. Just one mile (1.5km) north of Harlow town centre, it sits on Edinburgh Way (A414), giving easy access to Junction 7 of the M11. Contact Donna Springall donna.springall@thecrownestate.co.uk 22

23 Queensgate Centre Harlow Unit LET Unit TO LET Unit UNDER OFFER 23

24 Lifestyle Retail Thinking Outside Crown Point Shopping Park Leeds Quality retail park in a prominent position. 290,000 sq ft LS10 1ET 879 Predominantly Open A1 Description The highly accessible Crown Point Shopping Park is prominently located on the southern edge of Leeds City Centre. It is home to major national retailers, including TK Maxx, M&S, Next, Currys PC World, Mothercare and New Look. Location The park is located off Junction 3 of the M621 and is just 10 minutes drive from Leeds City Centre. This prominent location means the park benefits from a direct catchment of more than 2 million people within half an hour s drive. Contact Nicole Campbell nicole.campbell@thecrownestate.co.uk 24

25 Crown Point Shopping Park Leeds Owned as part of a 50:50 joint venture with Aviva Investors. Unit LET Unit TO LET Unit UNDER OFFER 25

26 Lifestyle Retail Thinking Outside Fosse Leicester The most accessible retail location in the UK 436,000 sq ft 2,500 LE19 1HY Fosse Park North, Open A1 Fosse Park South, Restricted A1 Description Fosse is one of the most successful shopping parks in the country, attracting over 2 million visitors each year. Thanks to its proximity to the M1 it is also one of the most accessible. Boasting over 30 retailers, including M&S, Primark, Next, River Island, Office, JD Sports, Pandora and Boots, multi-million pound investment has created a fresh shopping environment, with new store facades, landscaped public spaces and enhanced pedestrian walkways. Further enhancement works are planned this year. Location Fosse is located three miles (5km) south west of Leicester City Centre, adjacent to the A536 Leicester Orbital Ring Road, and just half a mile from the M1. Contact Michael Bell michael.bell@thecrownestate.co.uk 26

27 Fosse Leicester Unit LET Unit TO LET Unit UNDER OFFER 27

28 Lifestyle Retail Thinking Outside Aintree Shopping Park Liverpool One of Liverpool s premier shopping destinations anchored by M&S, Next and B&Q. 299,930 sq ft 1,100 L9 5AN Part Open A1, Part Restricted A1 Description Aintree Shopping Park is one of Liverpool s premier shopping destinations. Comprising 17 retail outlets, including B&Q, M&S and Boots, and a new flagship Next store, the park welcomes 5.7 million visitors each year, and features three restaurants Frankie & Benny s, McDonald s and Nando s. Location The park is prominently located 6.5 miles (10.5km) north of Liverpool City Centre. It lies on the A59 Ormskirk Road, which is the main arterial route linking the M57 and M58 interchange and the city centre. A Junction to the M57 and M58 motorways is half a mile (0.75km) to the north. Contact Donna Springall donna.springall@thecrownestate.co.uk 28

29 Aintree Shopping Park Liverpool Unit LET Unit TO LET Unit UNDER OFFER 29

30 Lifestyle Retail Thinking Outside South Aylesford Retail Park Maidstone Easily accessible park in an affluent catchment area. 167,000 sq ft 549 Restricted A1 ME20 7TP Description South Aylesford Retail Park enjoys an affluent catchment area, with non-food spending power totalling over 2.1 billion. Easily accessible, around 454,000 prospective shoppers are located within a 20 minute drive. Adjacent to a 54,000 sq ft Sainsbury s supermarket, the park comprises 12 stores, including Homebase, M&S Food Hall, Currys PC World, Smyths Toys and Wren Living. The park s strong retail offer is complemented by a brand new Nando s restaurant, and Costa. Location South Aylesford Retail Park is conveniently located alongside the A20 London Road. Maidstone town centre is three miles (5km) to the south east of the park, and Junction 5 of the M20 motorway is one mile (1.6km) away. Contact Claire Maude claire.maude@thecrownestate.co.uk 30

31 South Aylesford Retail Park Maidstone Unit LET Unit TO LET Unit OPENING AUGUST

32 Lifestyle Retail Thinking Outside MK1 Shopping & Leisure Park Milton Keynes Prominently located in one of the region s prime retail and leisure spots. Shopping: 117,800 sq ft / Leisure: 70,508 sq ft Shopping: 610 / Leisure: 388 Shopping: A1 / Leisure: A3 MK1 1BN Description MK1 Shopping Park, which lies adjacent to the MK Dons Stadium, forms part of a major regional retail and leisure destination with an IKEA superstore, Asda and DW Sports Fitness nearby. The park s anchor retailers are M&S, Next, Primark and H&M, while the leisure park is home to an ODEON IMAX cinema and seven restaurants including Nando s, TGI Fridays and PizzaExpress. Location The park is located just to the south of central Milton Keynes. The nearby roundabout intersection of the A5 dual carriageway offers fast, easy access to the town centre and surrounding region. Contact Donna Springall donna.springall@thecrownestate.co.uk 32

33 MK1 Shopping & Leisure Park Milton Keynes Unit LET Unit TO LET NEW DEVELOPMENT OPENING AUTUMN

34 Lifestyle Retail Thinking Outside The Gate Newcastle Vibrant leisure and entertainment destination in the heart of Newcastle. 220,000 sq ft 266 A3 & D2 NE1 5TG Description The Gate is one of Newcastle s most vibrant leisure and entertainment destinations, with a wide variety of popular bars and restaurants. Attracting a crowd of young professionals and students, current tenants include Aspers, Empire, Tiger Tiger, Handmade Burger and ZaZa Bazaar. A multimillion pound refurbishment programme is almost complete, rejuvenating the entertainment centre with a fresh new look. Location The Gate is located on Newgate Street, close to the main rail and metro stations. Newcastle City Centre is also easy to reach by car. Newcastle is the largest city in the North East, just 15 minutes from the A1 by car. Contact Katherine Armstead katherine.armstead@thecrownestate.co.uk 34

35 The Gate Newcastle Unit LET Unit TO LET Unit UNDER OFFER 35

36 Lifestyle Retail Thinking Outside Silverlink Shopping Park North Tyneside North Tyneside s premier shopping destination, anchored by M&S. 208,000 sq ft NE28 9ND 927 Predominantly Open A1 Description Silverlink Shopping Park is the leading out of town retail destination in the North East. Welcoming over 8.2 million visitors each year, the park has recently expanded to include the new Silverlink Point development. Home to 21 popular national retailers, including H&M, Next, New Look, River Island, Outfit, JD Sports and Boots, the park benefits from close proximity to an ODEON cinema at the adjacent Silverlink Leisure Park, and is conveniently located on Coast Road one of North Tyneside s arterial roads. Location The park is situated at the Junction of the A19 and A1058 (Coast Road), four miles (6km) to the east of Newcastle. Contact Michael Bell michael.bell@thecrownestate.co.uk 36

37 Silverlink Shopping Park North Tyneside Unit LET Unit TO LET PROPOSED DEVELOPMENT 10,000 sq ft A1 planning consent secured Proposed new pod units subject to planning from 800 sq ft upwards 37

38 Lifestyle Retail Thinking Outside Victoria Retail Park Nottingham Prominent retail park, and Nottingham s only open A1, non-food out of town scheme. 205,000 sq ft 674 Open A1 (Non Food) NG4 2PE Description Located just four miles from Nottingham City Centre, current retailers at Victoria Retail Park include M&S Food Hall, TK Maxx, Next, Boots, Pets at Home and Argos. The park benefits from a strong trading location, opposite a Morrisons foodstore and DW Fitness Club, while McDonald s, Subway and Costa provide a further attraction for the park s 80,000 visitors each week. Location The park is prominently situated on the A612 Colwick Loop Road one of the main routes to Nottingham City Centre, which is four miles (6km) away. This convenient location makes the park easily accessible to the extensive catchment areas north and east of Nottingham. Contact Donna Springall donna.springall@thecrownestate.co.uk 38

39 Victoria Retail Park Nottingham Unit LET Unit TO LET Unit UNDER OFFER 39

40 Lifestyle Retail Thinking Outside Westgate Shopping Centre Oxford Stunning new development will be home to the city s first John Lewis store. 800,000 sq ft of shopping, leisure and dining Open A1 and A3 OX1 1AN Description Opening in autumn 2017, Westgate Shopping Centre will be a world-class retail and leisure destination at the heart of the historic city of Oxford. This highly anticipated development features over 100 new stores, 25 restaurants and cafes, a boutique cinema, roof top terrace dining and a wealth of new public spaces. Anchored by Oxford s very first John Lewis store, Westgate will transform the city s west end, creating a brand new shopping, dining and leisure experience that will attract visitors from many miles around. Location Located in the city centre, a ten minute walk from Oxford train station and 20 minutes drive from the M40, Westgate Shopping Centre will be Oxford s premium retail and leisure destination. Contact Katherine Armstead katherine.armstead@thecrownestate.co.uk 40

41 Owned as part of a 50:50 joint venture with Land Securities. Westgate Shopping Centre Oxford 41

42 Lifestyle Retail Thinking Outside Ocean Retail Park Portsmouth Convenient retail park on the outskirts of a scenic waterfront city. 175,000 sq ft 658 Restricted A1 PO3 5HH Description Welcoming 4.2 million visitors each year, Ocean Retail Park is prominently located just outside Portsmouth City Centre. Retailers include major household names, including Toys R Us, Halfords, TK Maxx and Tapi. There is also a good range of popular food and drink outlets, including McDonald s, Costa and Subway. Location Ocean Retail Park is conveniently located between the A2030 and A288. These arterial routes make the park easy to access from across the city, and offers fast direct links to the M27. Contact Donna Springall donna.springall@thecrownestate.co.uk 42

43 Ocean Retail Park Portsmouth Unit LET Unit TO LET Unit UNDER OFFER 43

44 Lifestyle Retail Thinking Outside Rushden Lakes Rushden The first in a new generation of shopping parks, setting a new standard in retail and leisure. 230,000 sq ft retail and restaurants opening in 2017 (Phase 1) 140,000 sq ft leisure extension with cinema and restaurants (Phase 2) 35,000 sq ft extension (Phase 3) Ample customer parking, with dedicated parent and child bays, disabled parking and electric-car charging NN10 6FH Open A1 Description Rushden Lakes brings together the very best in shopping with one of Northamptonshire s outstanding areas of natural beauty. A truly unique place to shop, eat or explore in stunning surroundings, set over 244 acres, and anchored by House of Fraser, Primark and Marks & Spencer. 41 new retail and restaurant occupiers will open onsite this summer, with key fashion and beauty brands including Jigsaw, Hobbs, Phase Eight, House of Fraser and L Occitaine. Location Prominently located on the A45, 1.5 miles from Rushden, Rushden Lakes offers excellent links to Northampton, Peterborough, Milton Keynes, Cambridge and Leicester. The introduction of a new pedestrian footbridge over the A45, provides easy access to nearby Rushden town centre on foot or by cycle. Contact Michael Bell michael.bell@thecrownestate.co.uk 44

45 Forward funding agreement in place with LXB. Rushden Lakes Nene Valley 45

46 Lifestyle Retail Thinking Outside Chapel Walk Shopping Centre Worcester A vibrant shopping experience in the heart of Worcester City Centre. 130,000 sq ft 750 Open A1 and A3 WR1 3LD Description Comprising two vibrant shopping areas Chapel Walk and Friary Walk as well as a food quarter, the centre features a diverse fashion and dining mix, including Primark, House of Fraser, Phase Eight, Carluccio s, Bills, GBK and JoJo Maman Bebe. Leading household names are complemented by an exciting selection of boutique operators, while Huntington Hall Theatre creates a vibrant cultural attraction. Location CrownGate enjoys a prominent central position within Worcester City Centre, between the cathedral, high street and bus station. Contact Nicole Campbell nicole.campbell@thecrownestate.co.uk 46

47 Chapel Walk Shopping Centre Worcester HIGH STREET TWO SEASONS BANK STREET EURO CHANGE ICE JEWELLERY BROAD STREET TO LET TO LET TO LET TO LET TO LET TO LET BELL SQUARE POWICK WALK ANGEL PLACE DEANSWAY Unit LET Unit TO LET Unit UNDER OFFER 47

48 Lifestyle Retail Thinking Outside Friary Walk Shopping Centre Worcester A vibrant shopping experience in the heart of Worcester City Centre. 170,000 sq ft 750 Open A1 and A3 WR1 3LD Description CrownGate is divided into two separate shopping areas and a food quarter; Friary Walk and Chapel Walk. Friary Walk has something for everyone as well as access to the city centre s bus station and a large car park with 750 spaces. Occupiers include, Mothercare, Iceland, New Look, Superdrug and Vision Express. Subject to planning, there are proposals to significantly improve the front elevation to the shopping centre and introduce new occupiers. Location Situated in a prominent central position within Worcester City Centre between the cathedral, high street and bus station. Contact Nicole Campbell nicole.campbell@thecrownestate.co.uk CGI of proposed Angel Place development 48

49 Friary Walk Shopping Centre Worcester ANGEL ROW ANGEL PLACE FRIARY WALK TO LET FRIARY SQUARE LITTLE CARD COMPANY TO LET 22 ANGEL WALK TO LET TO LET TO LET TO LET TO BE REDEVELOPED ANGEL PLACE MARKET Unit LET ANGEL PLACE Unit TO LET Unit UNDER OFFER BROAD STREET 49

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51 Contacts at The Crown Estate 1 Claire Maude Asset Manager claire.maude@thecrownestate.co.uk 5 Geoff Ford Portfolio Manager geoff.ford@thecrownestate.co.uk 8 Jo Francis Head of Retail Property Management jo.francis@thecrownestate.co.uk 2 Katherine Armstead Senior Asset Manager katherine.armstead@thecrownestate.co.uk 6 Donna Springall Asset Manager donna.springall@thecrownestate.co.uk 9 Michael Bell Asset Manager michael.bell@thecrownestate.co.uk 3 Nicole Campbell Asset Manager nicole.campbell@thecrownestate.co.uk 7 Hannah Milne Director of Regional hannah.milne@thecrownestate.co.uk 10 Laura Parker Brand and Marketing Manager laura.parker@thecrownestate.co.uk 4 Marcus Stone Asset Manager marcus.stone@thecrownestate.co.uk 51

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