Charter Walk is celebrating following a raft of retailer signings to the shopping centre in Burnley.
Fashion retailer, River Island, has agreed a new 10 year lease for the new Unit 1 to be formed as part of the Market Square Redevelopment proposals. River Islands’ new store will double from its current size to 11,300 sq ft, and allow the retailer to expand its range of fashion goods on offer. WH Smith have agreed to relocate from their exisitng Market Square unit to the circa 4,500 sq ft, 51 The Mall on a new 10 year lease in early 2013 in order to make way for this planned redevelopment.
Advanced discussions are being undetaken with further national retailers for the remaining two retail units formed by this planned redevelopment and a further annoucement relating to the identity of the retailers secured and timing of development is expected shortly.
Entertainment Exchange retailer CEX Ltd have agreed a new 10 year lease at 41 St James Street and are due to open in November whilst Textiles Direct have relocated to the former Currys unit in Market Square. Other retailers demonstrating their commitment to Burnley include fashion retailer Monsoon, who have signed a new five year lease renewal on its Mall store, and Game signing a new five year lease renewal on its St James Street store.
The raft of signings follows the annoucement earlier this year from the Asset Managers of Charter Walk, Addington, that NEXT are relocating within the centre and are scheduled to open their new 20,000 sq ft store in early December 2012.
On the new lettings, joint letting agent, Patrick Keenan, Lunson Mitchenall commented: “The recent signings demonstrate the renewed and growing confidence retailers have in Charter Walk and Burnley. The signing of River Island for a new unit within the propsed redevelopment of Market Square as well as the signing of NEXT demonstrates the positve direction Charter Walk is moving towards, with retailers keen to be part of this.”
Councillor Julie Cooper, Leader of Burnley Borough Council said ” This is really excellent news and will strengthen our shopping offer. We are working hard to increase footfall in the town centre in these difficult trading conditions and the best way to do that is to get more and better shops.”
Steve Rumbelow Chief Executive of Burnley Council added “We have a great working relationship with Addington who have worked really hard to develop the town centre. Together we will continue to drive an improved shopping “offer”.
Tushingham Moore and Lunson Mitchenall are joint letting agents for Charter Walk.
