Hotfooting it to Redditch

6th September 2016

Hotfooting it to Redditch

KLM Retail has acted on behalf of Capital & Regional (C&R) in bringing Footasylum to Kingfisher Mall, Redditch.

The leading sportswear and fashion retailer has signed a 10 year lease on a 3,500 sq ft unit on Evesham Walk between Jack & Jones and Ed’s Diner. Footasylum launched in 2005 and the new store, which will be its 48th nationwide, is set to open at the end of the year.

The announcement follows two further lettings at the centre to Coffee#1, which has taken a 2,836 sq ft and Greggs, which has taken an additional 1,200 sq ft as it is upsizing to a larger unit totalling 3,368 sq ft.

Roman Originals and Yours have also committed to new long-term leases and have invested in refurbishing their new stores in the new shopping centre standards, which includes internal refitting and new double fronted shop fronts.

Capital & Regional and funds managed by Oaktree Capital Management, L.P. (Oaktree) have invested £12m in the refurbishment and repositioning of The Kingfisher Shopping Centre since they formed a joint venture partnership to purchase the 920,000 sq ft scheme in 2012. 

As well as revolutionising the centre’s restaurant and leisure provision, Capital & Regional has improved the scheme’s retail mix. Worcester Square has been given a facelift and Evesham Walk has been transformed with improved sight-lines and contemporary, double storey shop fronts.

Sian Bowen, Retail Asset Manager for Capital & Regional, said: “Footasylum offers the biggest names in sportswear, footwear and urban fashion apparel. The new unit located on the recently refurbished Evesham Walk is another welcome addition to The Kingfisher Shopping Centre’s strong and diverse retail proposition.

“We are also delighted to welcome Coffee#1 to the centre. We believe that this brand will complement and further strengthen our night-time economy and leisure mix, while also providing shoppers with a greater food and beverage offer.”

The Kingfisher is anchored by Debenhams, Marks & Spencer, Next and Primark and attracts over 10 million visitors a year.

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