Thursday, June 20, 2024

Lakeside enhances luxury offer with store expansions

LAKESIDE, one of the UK’s most popular retail and leisure destinations, owned by property company SGS and managed by Global Mutual, is pleased to announce that it has extended its international, luxury line-up with three significant upsizes.  

BOSS has now signed to open a larger store at the centre, which follows the recent TAG Heuer and Goldsmiths expansions, bringing the total space let to permanent occupiers in the last 12 months to 170,000 sq ft.

BOSS will expand into a 4,218 sq ft unit, in a prime position in the centre. The store is now trading temporarily from the former Disney unit on the lower mall, near to the newly refitted River Island and H Beauty. The expanded and refitted store will re-open in its former location in the Summer.

TAG Heuer, meanwhile, recently opened an expanded 431 sq ft showroom, with a contemporary interior reflecting its motoring heritage – with tones of grey and sleek, mirrored units. Completing the list is Goldsmiths, which recently expanded into a 3,714 sq ft space – to create Goldsmiths Boutique, with a relaxed, experiential in-store environment.

Joint agents P-THREE and Lunson Mitchenall worked with Global Mutual on the deals, to enhance the leading shopping centre’s offer.

The news follows other additions, including regional flagships for Pull & Bear, Stradivarius and H&M Home, as well as a relocation for M&S.

Lakeside is a leading retail and leisure destination, situated in Essex, covering 1.6m sq ft. The centre sees millions of shopper visits per year and is home to over 250 brands in total.

Rob DetheridgeAsset Manager at Global Mutual commented: “These upsizes are testament to the strength of our relationship with the brands involved and to strong performance across existing stores to date.

“It also speaks to the compelling offer here at the centre more broadly. Retailers continue to target prime space like our own – where the location and the tenant mix is strong, meaning healthy footfall is guaranteed. 

“These expansions by household names will further enhance our offer, and we know visitors will welcome the news.”

P-THREE and Lunson Mitchenall are joint agents for Lakeside. CBRE acted on behalf of BOSS whilst TAG and Goldsmiths dealt direct.

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