Schroder Property welcomes Debenhams to The Coliseum Shopping Park, Chester
Schroder Property is today pleased to announce that on behalf of its client it has exchanged contracts with Debenhams to let a new 60,000 sq ft flagship department store at The Coliseum Shopping Park in Chester. The new store is part of Debenhams’ strategy for securing the ‘right store in the right location’.
This new Department Store will complement the existing Browns store in Chester City Centre, which is currently undergoing a multi million pound refurbishment. This move will also further strengthen Debenhams’s foothold in the Chester/Wirral area. The store will comprise 30,000 sq ft at ground floor with a 30,000 sq ft mezzanine offering the full ‘Designers at Debenhams’ range. Schroder Property will now make a planning application to Cheshire West and Chester Council for the additional floorspace and adaption of existing units with a store opening date of 2013/early 2014.
The Coliseum Shopping Park is a 150,000 sq ft open A1 (non-food) retail and shopping park located on Junction 10 of the M53 Motorway, approximately 10 miles from Chester. It is situated between the Cheshire Oaks Designer Outlet and The Coliseum Leisure Park. The location is set to improve further with the adjacent new 195,000 sq ft flagship M&S store, the largest built by M&S in over 10 years, that is due to open this August.
Nick Montgomery, Fund Manager, Schroder Property commented:
“This is major step forward with our strategy to re-position The Coliseum Shopping Park as a high quality, fashion-led destination, and follows the significant recent lettings to H&M and Next. We look forward to working with the Council and with Debenhams to ensure the continued success of the park”.
Rob Hadfield, Head of Property, Debenhams commented:
“We are delighted to bring Debenhams and its Designers to The Coliseum Shopping Park. This store represents a landmark for Debenhams illustrating flexibility with our formats to reflect a truly multi channel retailer at the same time as making significant investment in our existing Chester City Centre store.”
McMullen Wilson and CBRE acted for Schroder Property and Anderson Harkins Ltd acted for Debenhams.
For further information, please contact: Nick Montgomery, Schroder Property, +44 (0)20 7658 6000 Estelle Bibby, Institutional and Property PR, +44 (0)20 7658 email@example.com
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