THINKING DIFFERENTLY TO CREATE BRILLIANT PLACES

Transcription

1 THINKING DIFFERENTLY TO CREATE BRILLIANT PLACES

2 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 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 built not only to last, but to 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. 2 Lifestyle Retail 3

3 A team you can trust Our team of asset managers take pride in their work, and you can trust the team to get things right and do what they say they will. This means providing safe, clean and attractive retail and leisure destinations and it also means working together with customers to deliver the best experience for them and their consumers. We work with a trusted network of industry leading partners, including our managing agents, contractors and external consultants; a specialist team working to deliver a first class customer experience. 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. 4 Lifestyle Retail 5

4 Well designed, well located and well managed is at the heart of our schemes and drives commercial success The Crown Estate is a real estate business specialising in retail across the country, commercial property in central London and offshore wind. We also have a substantial portfolio of rural land and manage most of the seabed around the UK. Established by an Act of Parliament as an independent commercial business we pay all of our profit to Treasury. This has totalled 2.6 billion over the last ten years. Responsible for a 13 billion property portfolio, we are driven by a strong set of values and take a long-term view to ensure this portfolio is sustainably worked, developed and enjoyed, to deliver the best value. This approach is helping us outperform the market. In the last year we secured 240,000 sq ft of new retail and leisure lettings outside of London, as we continue to grow and evolve our 2.4 billion Regional Retail portfolio. 6 Lifestyle Retail 7

5 Our locations 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 8 Lifestyle Retail 9

6 Unit IN ADMINISTRATION Banbury Gateway Shopping Park The latest addition to Banbury s retail experience, anchored by M&S and Primark 93-minutes average dwell time (M40 Junction 11) Banbury Gateway is one of the region s premier retail destinations, with popular 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 a year from across the region, with over 75,000 shoppers now visiting every week. Exceptionally well located, the park is easily accessible from Junction 11 of the M40 and is within easy reach of affluent surrounding towns and villages. 79 average spend per visit 718 million resident catchment spend within a 20-minute drive time 158,800 sq ft 587 Spaces Open A1 OX16 3ER The park can be accessed from Junction 11 of the M40, 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. Nicole Campbell nicole.campbell@thecrownestate.co.uk 10 Lifestyle Retail Banbury Gateway Shopping Park Banbury 11

7 Gallagher Strong passing trade in an affluent part of the UK 67 average spend per visit Owned as part of a 50:50 joint venture with Hercules Unit Trust in the Gibraltar Limited Partnership. Cheltenham s primary out-of-town retail destination, Gallagher, enjoys strong passing trade, and welcomes more than 7 million visitors each year. 56-minutes GL51 9RR 1,013 Spaces The park has been fully refurbished, and benefits from a nearby 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 Market. average dwell time 46 visits per shopper per annum 155,800 sq ft Part Open A1, Part Restricted A1 Located 1.5 miles (2.5km) north west of Cheltenham town centre on the A4019 Tewkesbury Road. Geoff Ford geoff.ford@thecrownestate.co.uk 12 Lifestyle Retail Gallagher Cheltenham 13

8 2,540 sq ft 2,508 sq ft Management Office WC Development Potential 30,000 sq ft Opening Oct 2017 Opening Sept 2017 Opening Q Opening Q ,000 sq ft 7,000 sq ft Fort Kinnaird One of the UK s biggest shopping parks 35 visits per shopper per annum Owned as part of a 50:50 joint venture with Hercules Unit Trust in the Gibraltar Limited Partnership. 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 park has introduced a strong leisure offer, with a seven screen ODEON cinema, and broad choice of restaurants, including Five Guys, PizzaExpress, Nando s, Frankie & Benny s and TGI Fridays. 90% conversion rate 20-minutes average drive time 560,000 sq ft 2,588 Spaces Open A1 EH15 3RD Prominently located on the A1 one of the main routes serving Edinburgh, a world-class cultural destination. The city centre is just over three miles (6km) north west of the park. Geoff Ford geoff.ford@thecrownestate.co.uk 14 Lifestyle Retail Fort Kinnaird Edinburgh 15

9 Opening Winter 2017/18 Coliseum Shopping Park Located amongst one of Cheshire s retail and leisure hotspots Coliseum Shopping Park is part of a retail and leisure destination that also includes Cheshire Oaks Designer Outlet, as well as 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. The park s current retailers include Debenhams, H&M, Outfit, River Island, New Look and Next. 4 million annual footfall 67% affluent achievers and comfortable communities 84% agree that Coliseum Shopping Park is good for fashion 155,000 sq ft 1,273 Spaces Open A1 CH65 9HD The park is located between Chester and Ellesmere Port, accessed from J10 of the M53 (approximately 1 mile north of the junction with the M56). Claire Maude claire.maude@thecrownestate.co.uk 16 Lifestyle Retail Coliseum Shopping Park Ellesmere Port 17

10 UNDER DEVELOPMENT LUSH OASIS TIGER CASTLE FINE ART Princesshay Shopping Centre One of the South West s premier retail and leisure destinations Located in the heart of Exeter with the iconic cathedral as its backdrop, Princesshay is home to over 70 of the UK s bestloved high-street brands, including Debenhams, Topshop and Zara. A complementary mix of specialist and boutique shops, as well as restaurants and cafés, including Wagamama, Byron and Yo! Sushi, create a cosmopolitan culture that visitors love. 15 million annual footfall average spend per visit 83-minutes average dwell time Owned as part of a 50:50 joint venture with TH Real Estate. 400,000 sq ft 513 Spaces Class A1 & A3 EX1 1QA Exeter city centre is located 20-minute drive from Junction 30 of the M5, approximately 37 miles (60km) north east of Plymouth and 70 miles (110km) south west of Bristol. Katherine Armstead katherine.armstead@thecrownestate.co.uk 18 Lifestyle Retail Princesshay Shopping Centre Exeter 19

11 Queensgate Centre A leading Essex retail park, complete with cinema and restaurants Queensgate Centre is one of Essex s leading retail and leisure parks, boasting a catchment with non-food spending power of 1.7 billion a year. The centre comprises 19 retail outlets, including Toys R Us, Laura Ashley, Decathlon, Hobbycraft, Next Home, Sports Direct, Mothercare, and a popular Cineworld cinema all complemented by Chiquito, Pizza Hut, Costa and Subway. 3.5 million annual footfall 84% average retail conversion rate 88-minutes average dwell time 324,000 sq ft 842 Spaces Restricted A1 CM20 2DH 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. Donna Springall donna.springall@thecrownestate.co.uk 20 Lifestyle Retail Queensgate Centre Harlow 21

12 Owned as part of a 50:50 joint venture with Aviva Investors. BUTTERLEY ST Opening Nov 2017 IVORY ST Opening Nov 2017 Crown Point Shopping Park Quality retail park in a prominent position 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. 375,000 adults in primary catchment use Crown Point as their primary out of town shopping destination 200,000 visitors to stores per week 290,000 sq ft LS10 1ET 879 Spaces KIDACRE ST Predominantly Open A1 2 million shoppers within a 30 minute drive time The park is off Junction 3 of the M621, just 10 minutes from Leeds city centre by car. This prominent location means that the park benefits from a primary catchment of more than two million people who are within a 30-minute drive time. Nicole Campbell nicole.campbell@thecrownestate.co.uk 22 Lifestyle Retail Crown Point Shopping Park Leeds 23

13 FOSSE FOOD COURT FOSSE FOOD COURT Fosse The most accessible retail location in the UK Fosse is one of the most successful shopping parks in the country, attracting over 10 million visitors each year. Thanks to its proximity to the M1 it is also one of the most accessible. 58 average spend per visit 105-minutes Fosse Park North, Open A1 Fosse Park South, Restricted A1 It boasts over 30 retailers, including M&S, Primark, Next, River Island, Office, JD Sports, Pandora and Boots. Multi-million pound investment is transforming the scheme to create a fresh shopping environment, with new store facades, landscaped public spaces and enhanced pedestrian walkways. Further enhancement works are planned. average dwell time 46% of shoppers come to shop fashion brands 436,000 sq ft 2,500 Spaces LE19 1HY Fosse is 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. Michael Bell michael.bell@thecrownestate.co.uk 24 Lifestyle Retail Fosse Leicester 25

14 Aintree Shopping Park One of Liverpool s premier shopping destinations anchored by M&S, Next and B&Q 69 average spend per visit 74-minutes average dwell time Part Open A1, Part Restricted A1 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. 105k principal catchment shoppers with a penetration of 34%; way above the shopping park average for the UK of 10% 299,930 sq ft 1,100 Spaces L9 5AN 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. The junction to the M57 and M58 motorways is half a mile (0.75km) to the north. Donna Springall donna.springall@thecrownestate.co.uk 26 Lifestyle Retail Aintree Shopping Park Liverpool 27

15 South Aylesford Retail Park A successful and popular retail scheme located within an affluent catchment area South Aylesford Retail Park enjoys an affluent catchment area, with non-food spending power totalling over 2.1 billion. The park comprises 12 stores, including Homebase, M&S Foodhall, Currys PC World, Smyths Toys and Wren Kitchens, located beside a 54,000 sq ft Sainsbury s supermarket. The park s strong retail offer is complemented by a brand new Nando s restaurant, in addition to Costa and M&S Cafe million annual footfall 527,000 people within the principal catchment area 52-minutes average dwell time 167,000 sq ft 549 Spaces Restricted A1 ME20 7TP South Aylesford Retail Park is prominently 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. Claire Maude claire.maude@thecrownestate.co.uk 28 Lifestyle Retail South Aylesford Retail Park Maidstone 29

16 NEW DEVELOPMENT MK1 Shopping & Leisure Park Prominently located in one of the region s prime retail and leisure spots 91% retail conversion OPENING AUTUMN 2017 Shopping: 117,800 sq ft / Leisure: 70,508 sq ft MK1 Shopping & Leisure Park, next to Stadium MK, home of Milton Keynes Dons, 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. 68% F&B conversion 148-minutes average dwell time Shopping: 610 Spaces / Leisure: 388 Spaces Shopping: A1 / Leisure: A3 MK1 1ST The park is located 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. Donna Springall donna.springall@thecrownestate.co.uk 30 Lifestyle Retail MK1 Shopping & Leisure Park Milton Keynes 31

17 The Gate Vibrant leisure and entertainment destination in the heart of Newcastle 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 Co and ZaZa Bazaar. A multimillion pound refurbishment is complete, rejuvenating the entertainment centre with a fresh new look. 97% of cinema users choose The Gate specifically for this purpose 2.3 hours average dwell time 91% of users commented that The Gate is the ideal place to have a good time out with friends 220,000 sq ft 266 Spaces A3 & D2 NE1 5TG The Gate is on Newgate Street, close to the main rail and metro stations. Newcastle city centre is also close by. Newcastle is the largest city in the North East, just 15-minutes from the A1 by car. BURGER UK Katherine Armstead katherine.armstead@thecrownestate.co.uk 32 Lifestyle Retail The Gate Newcastle 33

18 PROPOSED DEVELOPMENT Silverlink Shopping Park North Tyneside s premier shopping destination, anchored by M&S 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 M&S, 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 providing easy access to Newcastle city centre and the surrounding areas. 3,395 million resident Non-Grocery spend (20-minute catchment) 8 million annual footfall BREEAM Rating Silverlink Point development was delivered with a Very Good BREEAM Rating Predominantly Open A1 10,000 sq ft A1 planning consent secured 208,000 sq ft 927 Spaces NE28 9ND The park is at the junction of the A19 and A1058 (Coast Road), four miles (6km) to the east of Newcastle. Proposed new pod units subject to planning from 800 sq ft upwards Michael Bell michael.bell@thecrownestate.co.uk 34 Lifestyle Retail Silverlink Shopping Park North Tyneside 35

19 Victoria Retail Park This prominent retail park is Nottingham s only non-food out of town scheme with Open A1 consent 40 average spend per visit Open A1 (Non Food) Located just four miles from the centre of Nottingham, retailers at Victoria Retail Park s include M&S, TK Maxx, Next, Boots, Pets at Home and Argos. The park benefits from a strong trading location, opposite a Morrison s supermarket and DW Fitness Club, while McDonald s, Subway and Costa provide a further attraction for the park s 80,000+ visitors a week. 81-minutes average dwell time 82% retail and 52% F&B conversion 205,000 sq ft 674 Spaces NG4 2PE 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. Donna Springall donna.springall@thecrownestate.co.uk 36 Lifestyle Retail Victoria Retail Park Nottingham 37

20 Westgate Shopping Centre Stunning new development will be home to the city s first John Lewis store Opening autumn 2017 Owned as part of a 50:50 joint venture with Land Securities. 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. 800,000 sq ft of shopping, leisure and dining Open A1 and A3 OX1 1AN Located in the city centre, a 10-minute walk from Oxford train station and 20-minute drive from the M40, Westgate Shopping Centre will be Oxford s premium retail and leisure destination. Katherine Armstead katherine.armstead@thecrownestate.co.uk 38 Lifestyle Retail Westgate Shopping Centre Oxford 39

21 U/O U/O U/O Up to 8,000 sq ft potential new development Ocean Retail Park Popular retail park on the outskirts of a scenic waterfront city Welcoming 4.2 million visitors each year, Ocean Retail Park is prominently located just outside Portsmouth city centre. Retailers include major household names Toys R Us, Halfords, Homebase, Currys PC World, TK Maxx and Tapi. There is also a good range of popular food and drink outlets, including McDonald s, Costa and Subway. 50 average spend per visit 57-minutes average dwell time 84% retail conversion rate 175,000 sq ft 658 Spaces Open A1 PO3 5NP 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 offer fast direct links to the M27. Donna Springall donna.springall@thecrownestate.co.uk 40 Lifestyle Retail Ocean Retail Park Portsmouth 41

22 Rushden Lakes A destination like no other, Rushden Lakes sets a new standard for sustainable retail and leisure development Rushden Lakes brings together the very best in shopping and leisure in beautiful surroundings, set in over 200 acres of natural wetland reserve. Phase 1 of the development sees 41 new retail and restaurant occupiers opening onsite this summer, with key fashion and beauty brands including Jigsaw, Hobbs, Phase Eight, House of Fraser, Primark and L Occitaine. Future leisure and retail phases are following from 2018, and will include a 14-screen Cineworld cinema alongside additional retail, leisure and F&B operators. 230,000 sq ft retail and restaurants opened July 2017 (Phase 1) 140,000 sq ft leisure extension with cinema and restaurants (Phase 2 due 2018/19) 35,000 sq ft retail extension (Phase 3 due 2018) Ample customer parking with dedicated parent and child bays, disabled parking and electric-car charging Open A1 NN10 6FH 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. Michael Bell michael.bell@thecrownestate.co.uk 42 Lifestyle Retail Rushden Lakes Nene Valley 43

23 BANK STREET ICE JEWELLERY BROAD STREET COFFEE DOUGH TO LET U/O U/O HUNTINGDON HALL COLSTON BAKERY POWICK WALK Chapel Walk Shopping Centre A vibrant shopping experience in the heart of Worcester city centre 13 million annual footfall ANGEL PLACE KNOWLES SPORTS RETRO SIGN CO DEANSWAY Part of Crowngate Shopping Centre, Chapel Walk is a vibrant shopping area housing a diverse range of fashion, food and lifestyle brands, including House of Fraser, Primark, Phase Eight and JoJo Maman Bébé. Leading household names are complemented by an exciting selection of boutique operators, while Crowngate Kitchen, a vibrant food quarter, offers alfresco dining with restaurant and café names, including Carluccio s, Gourmet Burger Kitchen and Bill s. +31% above average dwell time compared to town centre average 60% market share in local catchment Open A1 and A3 130,000 sq ft 750 Spaces WR1 3LD In the heart of the city centre, Chapel Walk is conveniently accessed from two of the busiest streets in the city Broad Street and High-Street. Nicole Campbell nicole.campbell@thecrownestate.co.uk 44 Lifestyle Retail Chapel Walk Shopping Centre Worcester 45

24 ANGEL ROW ANGEL PLACE FRIARY WALK FRIARY SQUARE LITTLE CARD COMPANY 22 ANGEL WALK U/O U/O TO BE REDEVELOPED ANGEL PLACE MARKET Friary Walk Shopping Centre A vibrant shopping experience in the heart of Worcester city centre 13 million annual footfall KNOWLES SPORTS BROAD STREET ANGEL PLACE COLSTON BAKERY Part of Crowngate Shopping Centre, Friary Walk is the gateway to the beautiful cathedral city of Worcester. With a strong selection of popular retail brands, including New Look Men, Mothercare and Iceland, alongside well known names offering everyday essentials, like Superdrug and Vision Express, Friary Walk has something for everyone. Accessible, central and convenient, Friary Walk is home to the city s bus station and a safe and secure 750 space car park, open 24/7. +31% above average dwell time compared to town centre average 60% market share in local catchment Open A1 and A3 170,000 sq ft 750 Spaces WR1 3LD In the heart of the city centre, Friary Walk is conveniently accessed from two of the busiest streets in the city Broad Street and High-Street. It also houses the city s bus station and a safe and secure 750 space car park, open 24/7. Nicole Campbell nicole.campbell@thecrownestate.co.uk 46 Lifestyle Retail Friary Walk Shopping Centre Worcester 47

25 Contacts at The Crown Estate Claire Maude Asset Manager claire.maude@thecrownestate.co.uk 5 Geoff Ford Head of Portfolio geoff.ford@thecrownestate.co.uk 8 Jo Francis Head of Retail Operations jo.francis@thecrownestate.co.uk Katherine Armstead Senior Asset Manager katherine.armstead@thecrownestate.co.uk 6 Donna Springall Asset Manager donna.springall@thecrownestate.co.uk 9 Michael Bell Senior Asset Manager michael.bell@thecrownestate.co.uk 2 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 48 Lifestyle Retail 49

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