Joe Browns debuts its very first physical location at British Land’s Meadowhall

Joe Browns debuts its very first physical location at British Land’s Meadowhall

 

London, 2017-Nov-08 — /EPR Retail News/ — Joe Browns has opened its first ever store at British Land’s Meadowhall, one of the UK’s premier shopping destinations.

The 4,000 sq ft store, located on Meadowhall’s High Street, immerses customers in Joe Browns’ colourful world and brings to life the bold online persona of the brand and its mantra: ‘Be Remarkable’. The eclectic space in the store was designed by creative agency Dalziel and Pow and is full of interesting visual pieces and inspiring content such as hand painted illustrative statements.

Commenting on the launch of the debut store, Richard Crowther, Asset Manager for British Land, said: “The opening is an exciting step for Joe Browns, and as its very first physical location, is a testament to Meadowhall’s appeal as a leading UK retail and leisure destination. Our True Value of Stores research shows that stores improve brand awareness, customer service and trust and that physical also contributes to online sales that do not directly touch the store.”

Simon Brown, Managing Director and Founder of Joe Browns added:
“I’m absolutely delighted with the store, I think we’ve achieved what we set out to do, which was to create an impressive three dimensional version of our catalogue. It crystallises our brand in a physical space perfectly.”

Joe Browns’ Meadowhall opening coincides with the conclusion of the centre’s £60m refurbishment, which will be completed before Christmas. 73 brands including All Saints, Hollister, House of Fraser and Hugo Boss have invested £38 million in redesigning and refitting their stores to reflect the centre’s new contemporary feel. Further upgrades are currently underway. 30 new brands have signed at Meadowhall over the last 18 months, with Flannels, Tag Heuer, Nespresso, Neal’s Yard and Godiva all adding to the centre’s premium offer. In September, Meadowhall also secured a resolution to grant planning consent for a £300 million Leisure Hall extension.

About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £19.1 billion (British Land share: £13.9 billion) as at 31 March 2017 making us one of Europe’s largest listed real estate investment companies.

Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long-term performance.

Our Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of our portfolio. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 46-acre redevelopment opportunity where we have plans to create a new neighbourhood for London.

Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. Our industry-leading sustainability performance led to British Land being named a European Sector Leader in the 2016 Global Real Estate Sustainability Benchmark for the third year running.

In April 2016, British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental achievements over a period of five years.

Further details can be found on the British Land website at www.britishland.com.

Enquiries:
Jackie Janssen
British Land
020 7467 3449

Pip Wood
British Land
020 7467 2838

Source: British Land

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British Land: Joe Browns to open its first physical store at Meadowhall in autumn

British Land: Joe Browns to open its first physical store at Meadowhall in autumn

 

London, 2017-Jul-05 — /EPR Retail News/ — British Land, joint owner of Meadowhall, Yorkshire’s premier shopping destination, has announced that mail order and e-commerce retailer, Joe Browns, will open its first physical store at the centre in the autumn.

The 4,000 sq ft store in the centre’s High Street will be designed by Dalziel and Pow. The store’s opening will coincide with the launch of the brand’s new Autumn Winter 2017 collection of clothing and accessories for men and women.

British Land’s True Value of Stores research reveals that stores improve brand awareness, customer service and trust and that physical also contributes to online sales that do not directly touch the store. It also predicts that retailers that can offer a seamless omnichannel experience for shoppers are likely to outperform.

Richard Crowther, Asset Manager for British Land, said: “Such a unique brand choosing Meadowhall for its global debut demonstrates Meadowhall’s firm position as a leading UK retail and leisure destination. We think it’s a strong endorsement of our work to create environments that reflect the way people shop and demonstrates the importance of an omnichannel offering for today’s retailers.”

Simon Brown, Managing Director and Founder of Joe Browns, added: “We are thrilled at the opportunity to launch our first ever store within Meadowhall, offering our existing loyal customers a new way to shop with us and allowing us to meet a brand new audience. This is a really exciting step for the company that will transform us into a true multi-channel retailer and we can’t wait to start that journey at Meadowhall.”

David Dalziel, Creative Director at Dalziel & Pow, said: “Designing a store for a popular online brand is a huge responsibility, we need to reflect their core strengths in a way that is truly individual and appealing to the new audience it is about to meet. Joe Browns is full of personality, so it’s clear we have lots of inspiring content to build on.”

A string of premium brands have recently committed to Meadowhall including Flannels, Neal’s Yard, Tag Heuer and Nespresso. House of Fraser, All Saints, Hollister and Hugo Boss are also redesigning their stores.

These lettings and redesigns complement the centre’s £60m refurbishment which is currently underway, as well as the £16 million retailer investment made by 42 brands that have redesigned stores since the start of the refurbishment last year. A further 31 store reformat projects are currently taking place, due to complete in line with the culmination of the refurbishment programme towards the end of the year.

Smith Young and CBRE represented British Land. CWM represented Joe Browns.

Notes to Editors

About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices.  We own or manage a portfolio valued at £19.1 billion (British Land share: £13.9 billion) as at 31 March 2017 making us one of Europe’s largest listed real estate investment companies.

Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.  We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them.  This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance.

Our Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of our portfolio.  Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of our portfolio.  Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 46 acre redevelopment opportunity where we have plans to create a new neighbourhood for London.

Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing.  Our industry-leading sustainability performance led to British Land being named a European Sector Leader in the 2016 Global Real Estate Sustainability Benchmark for the third year running.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental achievements over a period of five years.

Further details can be found on the British Land website at www.britishland.com.

Enquiries:  

Jackie Janssen
British Land
020 7467 3449

Pip Wood
British Land
020 7467 2838

Amanda McNally
Aver
020 3514 2137

Nick Thornton
Aver
020 3514 2148

Source: British Land

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British Land announces five new lettings in Yorkshire’s premier shopping destination Meadowhall

London, 2017-May-15 — /EPR Retail News/ — British Land, joint owner of Meadowhall, Yorkshire’s premier shopping destination, has announced five new lettings to Flannels, Neal’s Yard, Godiva, Tag Heuer and Nespresso, plus four store redesigns by House of Fraser, All Saints, Hollister and Hugo Boss.

These lettings and redesigns complement the centre’s £60m refurbishment which is currently underway, as well as the £16 million retailer investment made by 42 brands that have redesigned stores since the start of the refurbishment last year. A further 31 store reformat projects are currently taking place, due to complete in line with the culmination of the refurbishment programme towards the end of the year.

New openings

  • Located on Meadowhall’s prominent Park Lane mall, leading luxury retailer, Flannels, will open a 10,000 sq ft store in May. The store will offer a range of luxury men’s and women’s designer fashion items from brands such as Vivienne Westwood, Hugo Boss, Stone Island, Belstaff and Paul Smith.
  • Opposite Flannels, organic natural health and beauty retailer Neal’s Yard will open a 700 sq ft store in the summer with a therapy room for wellbeing treatments.
  • Luxury Belgian chocolatier, Godiva, joins the line up with a 1,700 sq ft experience-led concept store in August, located on Meadowhall’s High Street next to North Face and Bose. The space will include a café and a boutique showcasing the brand’s chocolate artistry and products.
  • Located next to Goldsmiths and opposite Reiss, luxury Swiss watch manufacturer, Tag Heuer, will open a 1,820 sq ft store, its largest in the UK.
  • Following the successful launch of its first regional kiosk in Meadowhall, Nespresso, the market leader in premium portioned coffee, will open a permanent 1,200 sq ft store in Park Lane next to L’Occitane and Jigsaw.

Refurbishments

  • Department store, House of Fraser, will undergo refurbishments completing in September this year and introduce new brands to the store including Kate Spade and Ralph Lauren handbags.
  • British fashion retailer, All Saints, will install a new double height shop front in its 6,800 sq ft store.
  • American lifestyle brand, Hollister, has regeared its lease and will refurbish its 7,500 sq ft store and install a new double height shop front.
  • Hugo Boss has refurbished its 5,200 sq ft store located next to Diesel and House of Fraser to showcase its new menswear brand.

Richard Crowther, Asset Manager for British Land, said: “Our strategy is to ensure Meadowhall’s offer reflects consumers’ changing modern lifestyles. Attracting these premium brands to the line-up achieves this objective and is a great endorsement of the enhanced environment we and our occupiers are creating at the centre.”

Jenna Triscott, Marketing Manager for Flannels, added: “Meadowhall’s affluent and loyal customer base with a desire for designer brands, made it the perfect choice when selecting the location for our debut store in the region. We look forward to opening our new store within Meadowhall’s prestigious Park Lane and joining this thriving retail community.”

In addition to the latest signings and upsizes from premium and aspirational brands, fashion favourite, River Island, will be upsizing and refurbishing its store creating a new 21,000 sq ft unit. The news also complements a strong period of leasing at Meadowhall with the announcement of eight new retail signings and upsizes for Primark, Sports Direct, Wilko, Timberland and schuh kids, along with the UK flagship for Second Cup, totalling 90,000 sq ft of space over the last 6 months.

CBRE, Smith Young and Davis Coffer Lyons acted for Meadowhall. Rawstron Johnson and Ewan Mackay Property Consultants represented Flannels and Neal’s Yard respectively. CBRE and Harper Dennis Hobbs represented Nespresso and River Island respectively. Hartnell Taylor Cook and JLL represented Hollister and Godiva.

About British Land

We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality UK commercial property, focused on Retail and London Offices and Residential. We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

Our strategy is to create Places People Prefer. It is based on long term trends and creates a portfolio suited to current and future needs which are aligned to modern lifestyles. We employ our placemaking skills, and increasingly our mixed-use expertise to expand the appeal to a broader range of occupiers and drive long term performance.

Retail accounts for 49% of our portfolio. We create outstanding places for modern consumer lifestyles, places to shop, eat and be entertained. Comprising over 20 million sq ft of Retail and Leisure space across regional and local multi-let destinations, superstores, department stores and leisure assets, the Retail portfolio is modern, flexible and adaptable to a wide range of formats.

Office and Residential accounts for 49% of our portfolio. It comprises 7.6 million sq ft of well-connected office-led campuses and high quality standalone buildings. Office campuses include Regent’s Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include York House, 10 Portman Square and Marble Arch House and our residential assets are at Clarges Mayfair, The Hempel Collection and Aldgate Place.

Two per cent of our portfolio is at Canada Water – a 46 acre redevelopment opportunity in our medium term pipeline to create a new mixed-use urban centre for London.

Sustainability is embedded throughout our business. Our places become part of their local communities and promote health, improve productivity and increase enjoyment. We protect asset value through energy generation and efficiency, materials innovation and flood risk reduction and we develop skills and opportunities to help local people and businesses grow.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental benefits achievements over the last five years.

Further details can be found on the British Land website at www.britishland.com.

Enquiries:
Investor Relations:
Jonathan Rae
British Land
020 7467 2938

Media Relations:
Jackie Janssen
British Land
020 7467 3449

Pip Wood
British Land
020 7467 2838

Amanda McNally
Aver
020 3514 2137

Nick Thornton
Aver
020 3514 2148

Source: British Land

British Land announces six new signings and upsizes as refurbishment moves into its next phase at Meadowhall

British Land announces six new signings and upsizes as refurbishment moves into its next phase at Meadowhall

LONDON, 2017-Mar-29 — /EPR Retail News/ — British Land, joint owner of Meadowhall, Yorkshire’s premier shopping destination, has announced six new signings and upsizes totalling over 85,000 sq ft as the £60 million refurbishment moves into its next phase.

  • Primark is to extend its existing unit by 21,000 sq ft, creating a 95,500 sq ft flagship store. The increase in size is being facilitated by a move into the former BHS unit.
  • Sports Direct has leased the remainder of the former BHS unit increasing its presence to 44,000 sq ft. Works are already underway to create the larger stores for both brands, with the new regional flagships due to launch this autumn.
  • Family value homewares and household goods retailer, Wilko, will move into the 14,500 sq ft former Sports Direct store in early 2018.
  • Following the success of the schuh store, a new 2,850 sq ft schuh kids specialist store will be opening next door on Meadowhall’s High Street. Launching in April, the store will take the brand’s total presence to almost 9,000 sq ft.
  • Outdoor clothing retailer Timberland, is launching a new look 1,950 sq ft store on Meadowhall’s High Street in April.
  • Second Cup is to open one of its first UK flagship coffee shops on Meadowhall’s Arcade. The 1,560 sq ft café will open later this month as the brand’s ‘black label’ site for the UK, featuring the company’s latest interior design concept.

These signings coincide with the next stage of Meadowhall’s refurbishment. After completion of The Arcade, work is shifting to Meadowhall’s Gallery, High Street and Park Lane, where each mall will be given a different look and feel, using high quality materials, increasing natural light, and improving sightlines. The £60m refurbishment completes at the end of the year and is the most significant investment in the centre since it opened.

Commenting on the news, Richard Crowther, Asset Manager for British Land, said: “With the refurbishment gathering pace, more and more brands are seeking to locate their leading stores at Meadowhall. For many, this means expanding their existing presence, allowing them to stock their full product range and benefit from the placemaking activities British Land brings to all its retail centres.

“These signings are ahead of previous rents, complement the refurbishment and reaffirm Meadowhall’s reputation as the leading shopping destination in the region. This is a very exciting time for the centre.”

Tom Meager, Group Director of Property at Primark, added: “The chance to create a larger store at Meadowhall was one we could not miss. We will open our new store at Meadowhall just as British Land completes the bulk of its refurbishment, so the timing could not be better.”

The latest signings and upsizes follow recent openings by Nespresso, Hawes & Curtis, T2, The Entertainer, Barburrito, Coffika, and Pret A Manger, along with new larger stores for JD Sports and Virgin Holidays.

CBRE, Smith Young and Davis Coffer Lyons acted for Meadowhall. Central Retail, Rawstron Johnson and BNP Paribas represented Primark, Sports Direct and Wilko respectively. Harper Dennis Hobbs and CBRE acted for schuh kids and Timberland. Space Retail acted for Second Cup.

 

Enquiries:
Investor Relations
Jonathan Rae, British Land 020 7467 2938
Media
Jackie Janssen, British Land 020 7467 3449
Pip Wood, British Land 020 7467 2838
Amanda McNally, Aver 020 3514 2137
Nick Thornton, Aver 020 3514 2148

About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality UK commercial property, focused on Retail and London Offices and Residential. We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

Our strategy is to create Places People Prefer. It is based on long term trends and creates a portfolio suited to current and future needs which are aligned to modern lifestyles. We employ our placemaking skills, and increasingly our mixed-use expertise to expand the appeal to a broader range of occupiers and drive long term performance.

Retail accounts for 49% of our portfolio. We create outstanding places for modern consumer lifestyles, places to shop, eat and be entertained. Comprising over 20 million sq ft of Retail and Leisure space across regional and local multi-let destinations, superstores, department stores and leisure assets, the Retail portfolio is modern, flexible and adaptable to a wide range of formats.

Office and Residential accounts for 49% of our portfolio. It comprises 7.6 million sq ft of well-connected office-led campuses and ‘campus-lite’ clusters of high quality buildings. Office campuses include Regent’s Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include York House, 10 Portman Square and Marble Arch House and our residential assets are at Clarges Mayfair, The Hempel Collection and Aldgate Place.

Two per cent of our portfolio is at Canada Water – a 46 acre redevelopment opportunity in our medium term pipeline to create a new mixed-use urban centre for London.

Sustainability is embedded throughout our business. Our places become part of their local communities and promote health, improve productivity and increase enjoyment. We protect asset value through energy generation and efficiency, materials innovation and flood risk reduction and we develop skills and opportunities to help local people and businesses grow.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental benefits achievements over the last five years.

Further details can be found on the British Land website at www.britishland.com.

SOURCE: British Land

British Land: Yorkshire’s premier centre Meadowhall secured over 21,000 sq ft of new lettings and upsizes

British Land: Yorkshire’s premier centre Meadowhall secured over 21,000 sq ft of new lettings and upsizes
British Land: Yorkshire’s premier centre Meadowhall secured over 21,000 sq ft of new lettings and upsizes

 

London, 2016-Oct-22 — /EPR Retail News/ — British Land, joint owner of Meadowhall, Yorkshire’s premier centre, has secured over 21,000 sq ft of new lettings and upsizes in the last three months. The news comes as the first phase of Meadowhall’s £60m refurbishment nears completion.

Key highlights in the recent lettings activity include the signing of Ghost London, Nespresso, Hawes & Curtis, upsizes by JD Sports and Virgin Holidays, the return of The Entertainer, and the debut of two coffee brands:

  • Ladies fashion house Ghost London will stock designer fashion and occasion wear from a 900 sq ft unit on Park Lane. Only the brand’s second standalone store outside of London, the boutique will showcase ready-to-wear, beachwear and the company’s dye-to-order bridal range
  • Adjacent to Ghost, Hawes & Curtis is to launch a 900 sq ft store as it makes its regional debut at Meadowhall
  • Completing a trio of additions on Park Lane is Nespresso, the market leader in premium portioned coffee, with a kiosk that opens later this month. The kiosk is the brand’s first in the region and stocks the full range of Nespresso products
  • On Meadowhall’s High Street, leading sportswear and fashionwear brand, JD Sports, is increasing its store size to 11,400 sq ft from 9,500 sq ft
  • Transatlantic tour operator, Virgin Holidays, is extending its interactive store concept on Meadowhall’s Arcade. The new store will enhance the customer experience and follows a very strong performance from the brand since it opened at the centre last year
  • The fastest growing high street multichannel toy retailer in the UK, The Entertainer, will be returning to Meadowhall’s retail line up with a new 4,700 sq ft store located on The Arcade next to Virgin Holidays and opposite Laura Ashley
  • Pret A Manger is launching a new 2,300 sq ft café, its first at Meadowhall, and Coffika, a new coffee concept, will be making its UK debut with a 900 sq ft café on the Arcade.

Completing the additions is a hat-trick of openings in the Oasis Dining Quarter, with Barburrito, Wrapchic and Subway all making Meadowhall debuts. In addition, Australian tea specialist, T2, independent modern gourmet confectioner, Treat Kitchen, and candy store, Gobstoppers, have recently opened at the centre.

Commenting on the recent signings and brand successes, Richard Crowther, Asset Manager for British Land, said: “As we continue to increase Meadowhall’s choice and variety, the mass of new signings is testament to our status as the number one shopping destination in the region. Securing brands for their regional debuts further strengthens our offering, whilst Meadowhall’s strong performance is also reflected by a growing trend amongst existing retailers to upsize.
“Combined, the new and improved retailers and catering brands make Meadowhall even more appealing to visitors from across the region.”

Touker Suleyman, Chairman of Ghost London, added: “Meadowhall is a great location for us.  As a leading regional fashion and retail destination, it was the perfect choice for us to open our second standalone store outside London as part of our northern store portfolio expansion. We continue to grow the brand from strength-to-strength and the new site will become a top performer.”

Francisco Nogueira, Nespresso UK & Ireland Managing Director, commented: “Our consumers are telling us they want great accessibility to Nespresso boutiques so we’re thrilled to be expanding our retail offering and opening in Meadowhall. Over the past few years we have seen fantastic growth across the UK and we receive almost daily requests for more boutiques to open in the north of England.”

The news coincides with the first phase of the centre’s £60m refurbishment programme nearing completion, with both levels of The Arcade, from M&S to the iconic central dome benefiting from an extensive makeover.

Designed by leading international architect BDP, the renovation is revitalising the centre by updating and decluttering the malls. The extensive changes include new balustrades and handrails, redesigned ceiling bulkheads, as well as new seating, lighting, signage and wayfinding. The refurbishment is also creating distinct districts within Meadowhall, each with an offer and character of their own. In addition, the works will enable a number of retailers to install double height shop fronts. Conducted in a series of phases, Meadowhall’s transformation will be completed by the end of 2017.

Meadowhall’s letting agents are CBRE, Smith Young and Davis Coffer Lyons. Cameron Scott acted for Ghost London and Hawes & Curtis.  JLL represented Virgin Holidays.  JD Sports represented itself.  Reid Rose Gregory and Freeth Brasier acted for The Entertainer and Gobstoppers respectively.  Harris Lamb acted for Wrapchic.  Burley Browne acted for Barburrito and Subway represented themselves.

About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London offices. We have total assets in the UK, owned or managed, of £20.0 billion (of which British Land share is £14.6 billion) as valued at 31 March 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups. Our objective is to deliver long term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people’s everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to finance these places effectively.

Retail assets account for 50% of our portfolio which is well matched to the different ways people shop today. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising over 20 million sq ft of retail space across multi-lets, superstores, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 48% of our portfolio, is focused on London. We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our Offices are in mixed-use environments which include retail and residential elements. Our 7.5 million sq ft of high quality office space includes Regent’s Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share).

The remaining 2% of our portfolio is at Canada Water where we have a 46 acre redevelopment opportunity in our medium term pipeline. Our industry-leading sustainability strategy is a powerful tool to deliver lasting value for all our stakeholders. By supporting communities, improving environments and growing economies, we create Places People Prefer and enhance long term returns.

In April 2016 British Land received the 2016 Queen’s Award for Enterprise: Sustainable Development as part of Her Majesty The Queen’s 90th birthday honours. The Award is the UK’s highest accolade for business success and is given to companies which bring major economic, social and environmental benefits through their own business success.  It was awarded to British Land for continuous achievement in all these areas over the last five years.

Further details can be found on the British Land website at www.britishland.com.

Enquiries:

Investor Relations:
Jonathan Rae
020 7467 2938
British Land

Media Relations:
Jackie Janssen
British Land
020 7467 3449

Pip Wood
British Land
020 7467 2838

Amanda McNally
Aver
020 3514 2137

Nick Thornton
Aver
020 3514 2148

Source: British Land

British Land secured 11 new lettings at Meadowhall, one of UK’s leading regional shopping centres

LONDON, 2015-11-15 — /EPR Retail News/ — British Land is pleased to announce that it has secured an impressive 11 new lettings totalling nearly 28,000 sq ft at Meadowhall, one of the UK’s leading regional shopping centres and Yorkshire’s premier shopping destination. The lettings follow Meadowhall’s recent 25th birthday celebrations and the launch of a £50 million internal refurbishment of the centre which began in late September.

The new lettings range from fashion, jewellery, restaurants and international cosmetic and beauty offerings, further strengthening the centre’s appeal to premium consumers:

  • Jack Wills (3,550 sq ft)
  • Diesel (3,595 sq ft)
  • Michael Kors (2,195  sq ft)
  • Kiko Milano (1,200 sq ft)
  • Joules (2,860 sq ft,)
  • Lush (1,780 sq ft), the brand’s second best performing store in the UK
  • L’Occitane (1,595 sq ft), relocating from the High Street to Park Lane
  • Build-a-Bear (2,680 sq ft), the first of their new style shop fit in the UK
  • Goldsmiths (3,240 sq ft), extending further onto Park Lane, after taking a new Goldsmiths Boutique store
  • Rolex is to open a concession within the centre’s planned new Goldsmiths store

Recent restaurant lettings include:

  • Tapas Revolution (2,000 sq ft)
  • Five Guys (3,160 sq ft)

The deals are testament to the quality of Meadowhall as a retail destination with the highest retail conversion rate of any of super regional in the country (97%). A number of the lettings are located within the Park Lane area of the centre which received a £3 million refresh last year.  This was part of the continuous investment and active asset management that has led to consistent year-on-year outperformance of Meadowhall.

British Land is currently in discussions with other premium retailers and it is anticipated that more brands will sign up over the coming months.  The White Company, Cadenza, White Stuff and Jigsaw have opened at Meadowhall this year.

Richard Crowther, Asset Manager, British Land said: “This impressive list of new lettings is further evidence of how investing in our assets yields results, and is testament to our strong relationships with retailers. The success of the Park Lane refurbishment gives us confidence that the centre wide works will further position Meadowhall as a leading shopping destination and will ensure we meet the evolving needs of our occupiers and shoppers.”

The internal refurbishment is due for completion by the end of 2017. It is expected to significantly enhance the centre and ensure Meadowhall remains a modern shopping environment for both retailers and consumers.

Enquiries:
Investor Relations
Sally Jones, British Land
020 7467 2942
Media
Pip Wood, British Land
020 7467 2838
Charlotte Whitley, British Land 020 7467 2933
Naomi Galt, FTI Consulting 020 3727 1182
Gordon Simpson, Finsbury Group 020 7251 3801

Notes to Editors

About Meadowhall Shopping Centre
Meadowhall is one of only six super-regional shopping centres in the UK.  Located on junction 34 of the M1, the centre has 1.4 million sq ft of prime retail and leisure space developed on the site of a former steelworks and attracts over 23.5 million shoppers a year.  The centre, opened in 1990, is built on levels within a crescent-shaped mall and comprises 310 shops let to a broad range of popular international, national and local retail brands. The leisure offer now boasts 50 restaurants and cafes and an 11-screen cinema. The centre also benefits from 12,000 free car parking spaces, as well as the centre’s own public transport interchange for local and regional bus, train and Supertram services that run throughout the day.

Meadowhall is jointly owned by British Land and Norges Bank Investment Management.

Further details can be found on the Meadowhall website at www.meadowhall.co.uk.

About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £19.0 billion (British Land share of which is £12.8 billion), as valued at 30 September 2014. Our properties are home to over 1,000 different organisations and receive over 340 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people’s everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 54% of our portfolio. As the UK’s largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across retail parks, superstores, shopping centres, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 46% of our portfolio is focused on London.  We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.9 million sq ft of high quality office space includes Regent’s Place and Paddington Central in the West End and Broadgate, the premier city office campus (50% share).

Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer.

Further details can be found on the British Land website at www.britishland.com.

SOURCE:  British Land