Lease

M&G Real Estate secures four lettings at Culver Square, Colchester

Thu, 07/08/2014 - 12:05

M&G has agreed four new lettings at Culver Square in Colchester over recent weeks, taking the centre to 97 per cent occupied.

H&M has upsized its store by 60 per cent to take a new unit of approximately 27,000 sq ft in response to its trading success in this location.
 
HMV has secured a new 9,000 sq ft unit in the heart of the centre, overlooking Sir Isaacs Walk and Culver Square and Pandora has signed for 2,500 sq ft alongside Superdry and Ernest Jones. 
 
In addition to these new lettings, Costa has regeared its lease for an additional five year term.


 
William Blake, asset manager for M&G Real Estate, which owns the shopping centre, says: “The retail spend in the branded fashion and jewellery sectors has seen encouraging growth in Colchester, and we have worked hard in recent months to react to this growth, with a series of new lettings and regears. With limited availability of high quality, well-positioned larger units in the town centre, Culver Square has been able to provide H&M, Pandora and HMV with the right space for their current requirements.”


 
Culver Square is a 335,000 sq ft open air centre in Colchester town centre with key retailers including Debenhams, Gap, Superdry, TK Maxx and JD. 
 
Joint agents for M&G Real Estate at Culver Square are Cushman & Wakefield and Green & Partners. 


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