Flexible space tops wish list at buoyant Cascades Shopping Centre

A flurry of deals at  the Cascades Shopping Centre Portsmouth have helped  maintain occupancy levels despite fierce competition from two of the biggest shopping malls in the West.

Sole agents Colliers International have signed off a number of deals, the biggest of which has seen Primark take additional space in the former Woolworths premises next door.

Primark has just completed an extensive refit of the premises having signed a 15 year lease on part of the accommodation.

Colliers International  also brokered the deal which sees fast fashion outlet Internacionale taking over a 4,000 square foot trading space created by knocking two existing units into one.

Other new arrivals include Boswells, Monsoon, gift shop Giggles, costume jewellers Sparkles, Blossom’s Beauty shop and Brunel News.

Colliers International Retail Agency Director Richard Saunders said the results proved trading levels at the Cascades Shopping Centre remained resilient despite fierce competition from the nearby Gunwharf development and also West Quay at Southampton.

He said: “Despite tough trading conditions and the presence of two major shopping malls in the immediate area The Cascades Shopping Centre Portsmouth continues to prove attractive to shoppers from Portsmouth and beyond.  It is very encouraging to see some of these major retailers committing  to the centre, drawn by the high occupancy levels and strong footfall.”

In addition to the flagship Primark store,  Marks & Spencer, Bhs, Next, TK Maxx,  Monsoon, H&M, JJB, Starbucks, Lush and Vision Express are all represented alongside a healthy selection of independent operators large and small.

Rhoda Joseph, Centre Director, believes the strong primary catchment penetration and expanding appeal of the centre since its extensive refurbishment make Cascades a strong contender.

She said: “Footfall has held up in the last two years and many of the retail brands are regularly reporting being in the top performance categories of their business. Customers tell us they now visit Cascades Shopping Centre as their first choice.”

Comments are closed.

    2018 A1 Buyers Guide
  • A1 Retail Twitter

  • Facebook