LGP secures trio of lettings at Castle Place, Trowbridge.
10 October 2013
Legal & General Property (LGP), the owner of St Stephens Place leisure scheme development in the centre of Trowbridge, is pleased to announce that it has secured three more lettings at its nearby Castle Place Shopping Centre.
Represented by property consultancy Alder King, LGP has secured lettings to three independent retailers, further strengthening the diversity of the Centre’s retail line-up and leaving only one unit remaining available.
Unit 8, which provides 904 sq ft of ground floor space, has been let to Emboss and Bead, a craft business selling paper and bead craft equipment and supplies. Run by two local businesswomen who each previously established independent craft businesses from market stalls, the new venture will allow them to offer an expanded product range and space to host craft skills workshops.
Unit 26 has been let to independent retailer Bill Ellis, who is expanding from a kiosk within the centre to open his second shop which will trade as Bilbo’s Bags. Mr Ellis has taken a new lease on the 896 sq ft unit.
The third letting is of Kiosk 2, which has been taken by Mobile Booth, offering mobile phone accessories.
Tim Russell, Senior Asset Manager at Legal & General Property, said: "Maintaining our focus on supporting our existing tenant base, predominantly made up of enterprising independent local retailers, and helping them to grow their businesses, this latest spate of lettings at Castle Place demonstrates the success of the recent refurbishment in revitalising the offer of the centre.
“With the nearby St Stephens Place leisure development now beginning to draw to an exciting conclusion, we believe that the town centre is entering into a new phase of energy and variety. Just one unit now remains available at the centre and we feel that this will also be of interest to other independent operators looking for good quality space within this thriving town centre.”
Unit 3/4, adjacent to JD Weatherspoon, provides 1,540 sq ft of ground floor and basement space and is available on a new lease.
More information is available from Alder King’s retail team on 0117 317 1090.
Notes to editors
Legal & General Property
Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages approximately £433bn in assets on behalf of more than 3,100 clients (30 June 2013) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £11bn as at 30 June 2013. These funds include:
Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; Arlington Business Parks Partnership; and the English Cities Fund
Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property Income Fund; LPI Income Property Fund and the Hybrid Property Fund.
LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability. LGP’s sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering West End landmark building, Central Saint Giles, and Agar Street, its high profile Covent Garden office scheme, amongst others, and is currently involved in bringing forward a number of significant town-centre retail and leisure regeneration projects, including Bracknell, Trowbridge, Northampton and Eastbourne.
Legal & General Property Limited. Registered address: One Coleman Street, London EC2R 5AA. Registered in England 2091897.
For more information please contact:
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)
t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279
About Legal & General
Legal & General Property Limited.
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.