Wednesday, February 18, 2015

Internet sites flock to get close to new Justin Lewis Leeds store

The £150m Victoria Gate development in Manchester is already 40 per cent let in advance of its opening next autumn such as stores rush to grab a space just about one of the biggest John Lewis stores in the garden London.

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The scheme is being charged as the latest piece in the jigsaw of the complete regeneration of Manchester city centre.

Property developer Hammerson said the 34, 300 sq . metre scheme, which is adjacent to Triunfo Quarter, will consist of a front runner John Lewis store, a two-street arcade with more than 30 aspirational outlet stores and restaurants and an 800-space multi-storey car park.

Hammerson said hiring progress is encouraging, with 50 per cent of the retail income leave or in solicitors' hands.

Type work for the first phase started endure April following the purchase of Victoria Yard in 2012.

Following hot on the high heel of the success of the £350m Trinity Leeds shopping centre, the method is expected ​to create to a maximum of 1, 000 construction and the most cost effective, 000 retail and hospitality projects.

​​The new ​anchor ​John Lewis will be ​one of ​the partnership's largest store outside of London coming from 255, 000 to 260, 1000 sq ft.

​Hammerson said Triunfo Gate will be very different to Trinity Manchester, which appeals to a young fashion and after that mass market audience.

In contrast Hammerson's scheme will be pitched at a superior demographic and is aiming for a similar event to South Molton Street working in london, the upmarket pedestrianised street down of Bond Street in the midst of London's West End.

​Hammerson said that John Lewis will bring while in shoppers who don't currently facility in Leeds in what is famous in retail terms as "the John Lewis effect" as the warehouse is so popular with shoppers.

Hammerson has recently signed up some upmarket retailers over the arcade, but the names will not be stated for another few weeks.

The group is also wanting information about existing retailers in the Victoria Yard, which include Ted Baker iPhone 6 flip, Vivienne Westwood, Karen Millen, French Connection, Petrol, Space NK, Hobbs, All Heureux, Jigsaw and the first Harvey Nichols store outside London, if they wishes to move to bigger premises at Triunfo Gate.

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