thinking differently to create brilliant places · fort kinnaird edinburgh | 15 fort kinnaird one...

THINKING DIFFERENTLY TO CREATE BRILLIANT PLACES

2 | Lifestyle Retail www.lifestyleretail.co.uk | 3

Thinking differently to create brilliant places.

Welcome to The Crown Estate’s Regional Retail portfolio.

The best destinations in the right locations

Our portfolio of 4.3 million sq ft

of prime regional retail and

leisure space comprises 15 retail

parks, three shopping centres

and one leisure destination.

We are investing to create the

next generation of modern

shopping destinations.

Our bespoke approach to asset

management enables us to

deliver the dynamic destinations

consumers want, in the convenient

locations they like to visit.

Creating long-term value

Long-term thinking drives

our investment, development

and management decisions.

This means our retail and

leisure destinations are

built not only to last, but to

continually evolve, creating

better experiences for

shoppers, more profitable

trading environments for our

retail partners, and greater

value for the communities

in which we operate.


A team you can trust

Our team of asset managers take

pride in their work, and you can

trust the team to get things right

and do what they say they will.

This means providing safe, clean

and attractive retail and leisure

destinations and it also means

working together with customers

to deliver the best experience for

them and their consumers. We

work with a trusted network of

industry leading partners, including

our managing agents, contractors

and external consultants; a

specialist team working to deliver

a first class customer experience.

Dedicated to consumers

As consumer habits change, so

do our destinations. We pride

ourselves on understanding the

consumer landscape wherever

we operate in the UK. We believe

this forward thinking approach

is the reason we welcome over

100 million shoppers to our

schemes annually.

Sustainability is part and parcel of our business

From supporting local people

into jobs, to setting new ‘green’

standards, we work hard to create

value for our communities.

We are sensitive to their wants and

needs, and know that working in

partnership is more than just good

corporate behaviour, it makes

good business sense.


‘Well designed, well located and well managed’ is at the heart of our schemes and drives commercial success

The Crown Estate is a real estate business specialising in retail across the

country, commercial property in central London and offshore wind. We

also have a substantial portfolio of rural land and manage most of the

seabed around the UK.

Established by an Act of Parliament as an independent commercial

business we pay all of our profit to Treasury. This has totalled £2.6 billion

over the last ten years.

Responsible for a £13 billion property portfolio, we are driven by a

strong set of values and take a long-term view to ensure this portfolio is

sustainably worked, developed and enjoyed, to deliver the best value.

This approach is helping us outperform the market. In the last year we

secured 240,000 sq ft of new retail and leisure lettings outside of London,

as we continue to grow and evolve our £2.4 billion Regional Retail portfolio.


Banbury 12 Banbury Gateway Shopping Park

Cheltenham 14 Gallagher

Edinburgh 16 Fort Kinnaird

Ellesmere Port 18 Coliseum Shopping Park

Exeter 20 Princesshay Shopping Centre

Harlow 22 Queensgate Centre

Leeds 24 Crown Point Shopping Park

Leicester 26 Fosse

Liverpool 28 Aintree Shopping Park

Maidstone 30 South Aylesford Retail Park

Milton Keynes 32 MK1 Shopping & Leisure Park

Newcastle 34 The Gate

North Tyneside 36 Silverlink Shopping Park / Silverlink Point

Nottingham 38 Victoria Retail Park

Oxford 40 Westgate Shopping Centre

Portsmouth 42 Ocean Retail Park

Rushden 44

Rushden Lakes

Worcester 46 Chapel Walk Shopping Centre

Worcester 48 Friary Walk Shopping Centre

Our locations

10 | Lifestyle Retail Banbury Gateway Shopping Park Banbury | 11

(M40 Junction 11)

The latest addition to Banbury’s retail experience, anchored by M&S and Primark

Banbury Gateway is one of the region’s premier retail destinations, with popular retail brands including M&S, Next, Primark, New Look and River Island.

Since launching in 2015 the park has welcomed more than 3.6 million visitors a year from across the region, with over 75,000 shoppers now visiting every week.

Exceptionally well located, the park is easily accessible from Junction 11 of the M40 and is within easy reach of affluent surrounding towns and villages.

The park can be accessed from Junction 11 of the M40, approximately half a mile (1km) to the south via the A422. Banbury town centre lies two miles (3km) to the south west of the park. A regular bus service links the park to the town centre.

587 Spaces Open A1158,800 sq ft OX16 3ER

Nicole Campbell – 020 7851 5179 [email protected]

www.banburygateway.co.uk

93-minutesaverage dwell time

£79average spend per visit

£718 millionresident catchment spend within a 20-minute drive time

Unit UNDER OFFER

Unit LET

Unit IN ADMINISTRATION

Banbury Gateway Shopping Park

Gallagher Cheltenham | 13

Gallagher Strong passing trade in an affluent part of the UK

Cheltenham’s primary out-of-town retail destination, Gallagher, enjoys strong passing trade, and welcomes more than 7 million visitors each year.

The park has been fully refurbished, and benefits from a nearby 95,000 sq ft Sainsbury’s supermarket.

In addition to long-established retailers, such as Next and Boots, the park boasts some of the most popular new additions to the UK retail landscape, including Outfit and Whole Foods Market.

Located 1.5 miles (2.5km) north west of Cheltenham town centre on the A4019 Tewkesbury Road.

Geoff Ford – 020 7851 5309 [email protected]

www.gallaghershopping.co.uk



46visits per shopper per annum

Unit UNDER OFFER

Unit LET

Unit TO LET

Owned as part of a 50:50 joint venture with Hercules

Unit Trust in the Gibraltar Limited Partnership.

1,013 Spaces

Part Open A1, Part Restricted A1155,800 sq ft

GL51 9RR

12 | Lifestyle Retail

Fort Kinnaird Edinburgh | 15

Fort Kinnaird One of the UK’s biggest shopping parks

Fort Kinnaird is a well-established retail destination in Edinburgh, and one of the largest shopping parks in the UK.

Featuring over 70 high-street retailers, the park is anchored by M&S, Next, Outfit, TK Maxx and Primark.

A recent extension to the park has introduced a strong leisure offer, with a seven screen ODEON cinema, and broad choice of restaurants, including Five Guys, PizzaExpress, Nando’s, Frankie & Benny’s and TGI Fridays.

35visits per shopper per annum

90%conversion rate

20-minutesaverage drive time

Prominently located on the A1 – one of the main routes serving Edinburgh, a world-class cultural destination. The city centre is just over three miles (6km) north west of the park.

2,588 Spaces Open A1560,000 sq ft EH15 3RD

Geoff Ford – 020 7851 5309 [email protected]

www.fortkinnaird.com

Unit UNDER OFFER

Unit LET

Unit TO LET

TO LET4,000 sq ft

TO LET 7,000 sq ft

Development Potential30,000 sq ft

Opening Sept 2017

Opening Q2 2017

Opening Oct 2017

ManagementO�ce

WC

Opening Q4 2017

TO LET2,508 sq ft

TO LET2,540 sq ft

Owned as part of a 50:50 joint

venture with Hercules Unit Trust

in the Gibraltar Limited Partnership.


16 | Lifestyle Retail Coliseum Shopping Park Ellesmere Port | 17

Coliseum Shopping Park Located amongst one of Cheshire’s retail and leisure hotspots

Coliseum Shopping Park is part of a retail and leisure destination that also includes Cheshire Oaks Designer Outlet, as well as the largest M&S superstore outside of London, and Coliseum Leisure Park.

This means the park enjoys significant passing trade and high footfall, with a catchment of 600,000 and a resident household income 9% greater than average for the North West. The park’s current retailers include Debenhams, H&M, Outfit, River Island, New Look and Next.

Opening Winter 2017/18

Unit UNDER OFFER

Unit LET

Unit TO LET

1,273 Spaces Open A1155,000 sq ft CH65 9HD www.coliseumshoppingpark.com

4 millionannual footfall

67%affluent achievers and comfortable communities

84%agree that Coliseum Shopping Park is good for fashion

The park is located between Chester and Ellesmere Port, accessed from J10 of the M53 (approximately 1 mile north of the junction with the M56).

Claire Maude – 020 7851 5237 [email protected]

Princesshay Shopping Centre Exeter | 1918 | Lifestyle Retail

TO LET

TO LET

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TO LET

UNDER DEVELOPMENT

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Princesshay Shopping Centre One of the South West’s premier retail and leisure destinations

Located in the heart of Exeter with the iconic cathedral as its backdrop, Princesshay is home to over 70 of the UK’s best-loved high-street brands, including Debenhams, Topshop and Zara.

A complementary mix of specialist and boutique shops, as well as restaurants and cafés, including Wagamama, Byron and Yo! Sushi, create a cosmopolitan culture that visitors love.

513 Spaces Class A1 & A3400,000 sq ft EX1 1QA www.princesshay.co.uk


£73.55average spend per visit


Exeter city centre is located 20-minute drive from Junction 30 of the M5, approximately 37 miles (60km) north east of Plymouth and 70 miles (110km) south west of Bristol.

Katherine Armstead – 020 7851 5268 [email protected]

Unit LET

Unit TO LET

Unit UNDER OFFER

Owned as part of a 50:50 joint venture with TH Real Estate.

Queensgate Centre Harlow | 2120 | Lifestyle Retail

Queensgate Centre A leading Essex retail park, complete with cinema and restaurants

Queensgate Centre is one of Essex’s leading retail and leisure parks, boasting a catchment with non-food spending power of £1.7 billion a year.

The centre comprises 19 retail outlets, including Toys R Us, Laura Ashley, Decathlon, Hobbycraft, Next Home, Sports Direct, Mothercare, and a popular Cineworld cinema all complemented by Chiquito, Pizza Hut, Costa and Subway.

842 Spaces Restricted A1324,000 sq ft CM20 2DH www.queensgatecentre.com


Queensgate Centre enjoys a highly accessible position. Just one mile (1.5km) north of Harlow town centre, it sits on Edinburgh Way (A414), giving easy access to Junction 7 of the M11.

Donna Springall – 020 7851 5187 [email protected]

Unit UNDER OFFER

Unit LET

Unit TO LET

84%average retail conversion rate

3.5 millionannual footfall

Crown Point Shopping Park Leeds | 23

Opening Nov 2017

Opening Nov 2017

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Crown Point Shopping Park Quality retail park in a prominent position

The highly accessible Crown Point Shopping Park is prominently located on the southern edge of Leeds city centre.

It is home to major national retailers, including TK Maxx, M&S, Next, Currys PC World, Mothercare and New Look.

879 Spaces290,000 sq ft

LS10 1ET www.crownpoint-shopping.co.uk

The park is off Junction 3 of the M621, just 10 minutes from Leeds city centre by car. This prominent location means that the park benefits from a primary catchment of more than two million people who are within a 30-minute drive time.


Unit UNDER OFFER

Unit LET

Unit TO LETOwned as part of a 50:50 joint venture with Aviva Investors.

Predominantly Open A1


375,000adults in primary catchment use Crown Point as their primary out of town shopping destination

200,000visitors to stores per week

2 millionshoppers within a 30–minute drive time

Fosse Leicester | 2524 | Lifestyle Retail

TO LET

FOSSEFOODCOURT

FOSSE FOOD COURT

TO LET

Unit UNDER OFFER

Unit LET

Unit TO LETFosse The most accessible retail location in the UK

Fosse is one of the most successful shopping parks in the country, attracting over 10 million visitors each year. Thanks to its proximity to the M1 it is also one of the most accessible.

It boasts over 30 retailers, including M&S, Primark, Next, River Island, Office, JD Sports, Pandora and Boots. Multi-million pound investment is transforming the scheme to create a fresh shopping environment, with new store facades, landscaped public spaces and enhanced pedestrian walkways.

Further enhancement works are planned.

www.fosseshoppingpark.co.uk



46%of shoppers come to shop fashion brands

Fosse is three miles (5km) south west of Leicester city centre, adjacent to the A536 Leicester orbital ring road, and just half a mile from the M1.

Michael Bell – 020 7851 5374 [email protected]

2,500 Spaces436,000 sq ft LE19 1HY

Fosse Park North, Open A1

Fosse Park South, Restricted A1

Aintree Shopping Park Liverpool | 2726 | Lifestyle Retail

Aintree Shopping Park One of Liverpool’s premier shopping destinations anchored by M&S, Next and B&Q

Aintree Shopping Park is one of Liverpool’s premier shopping destinations.

Comprising 17 retail outlets, including B&Q, M&S and Boots, and a new flagship Next store, the park welcomes 5.7 million visitors each year, and features three restaurants – Frankie & Benny’s, McDonald’s and Nando’s.

www.aintreeshoppingpark.co.uk



105kprincipal catchment shoppers with a penetration of 34%; way above the shopping park average for the UK of 10%

The park is prominently located 6.5 miles (10.5km) north of Liverpool city centre. It lies on the A59 Ormskirk Road, which is the main arterial route linking the M57 and M58 interchange and the city centre. The junction to the M57 and M58 motorways is half a mile (0.75km) to the north.


1,100 Spaces299,930 sq ft L9 5AN

Part Open A1, Part Restricted A1

Unit UNDER OFFER

Unit LET

Unit TO LET

South Aylesford Retail Park Maidstone | 2928 | Lifestyle Retail

South Aylesford Retail Park A successful and popular retail scheme located within an affluent catchment area

South Aylesford Retail Park enjoys an affluent catchment area, with non-food spending power totalling over £2.1 billion.

The park comprises 12 stores, including Homebase, M&S Foodhall, Currys PC World, Smyths Toys and Wren Kitchens, located beside a 54,000 sq ft Sainsbury’s supermarket.

The park’s strong retail offer is complemented by a brand new Nando’s restaurant, in addition to Costa and M&S Cafe.

549 Spaces Restricted A1167,000 sq ft ME20 7TP www.southaylesfordretailpark.co.uk

2.66 millionannual footfall

527,000people within the principal catchment area

South Aylesford Retail Park is prominently located alongside the A20 London Road. Maidstone town centre is three miles (5km) to the south east of the park, and Junction 5 of the M20 motorway is one mile (1.6km) away.

Claire Maude – 020 7851 5237 [email protected]

Unit LET

Unit TO LET


MK1 Shopping & Leisure Park Milton Keynes | 3130 | Lifestyle Retail

MK1 Shopping & Leisure Park Prominently located in one of the region’s prime retail and leisure spots

MK1 Shopping & Leisure Park, next to Stadium MK, home of Milton Keynes Dons, forms part of a major regional retail and leisure destination with an IKEA superstore, Asda and DW Sports Fitness nearby.

The park’s anchor retailers are M&S, Next, Primark and H&M, while the leisure park is home to an ODEON IMAX cinema and seven restaurants, including Nando’s, TGI Fridays and PizzaExpress.

Shopping: 610 Spaces / Leisure: 388 Spaces

Shopping: A1 / Leisure: A3

Shopping: 117,800 sq ft / Leisure: 70,508 sq ft

MK1 1ST www.mk1shoppingpark.co.uk

The park is located to the south of central Milton Keynes. The nearby roundabout intersection of the A5 dual carriageway offers fast, easy access to the town centre and surrounding region.


Unit LET

Unit TO LET

NEW DEVELOPMENT

OPENING AUTUMN 2017

68%F&B conversion


91%retail conversion

The Gate Newcastle | 3332 | Lifestyle Retail

The Gate Vibrant leisure and entertainment destination in the heart of Newcastle

The Gate is one of Newcastle’s most vibrant leisure and entertainment destinations, with a wide variety of popular bars and restaurants.

Attracting a crowd of young professionals and students, current tenants include Aspers, Empire, Tiger Tiger, Handmade Burger Co and ZaZa Bazaar.

A multimillion pound refurbishment is complete, rejuvenating the entertainment centre with a fresh new look.

266 Spaces A3 & D2220,000 sq ft NE1 5TG www.thegatenewcastle.co.uk

97%of cinema users choose The Gate specifically for this purpose

2.3 hoursaverage dwell time

91%of users commented that The Gate is the ideal place to have a good time out with friends

The Gate is on Newgate Street, close to the main rail and metro stations. Newcastle city centre is also close by. Newcastle is the largest city in the North East, just 15-minutes from the A1 by car.


BURGER UK

Unit UNDER OFFER

Unit LET

Unit TO LET

Silverlink Shopping Park North Tyneside | 3534 | Lifestyle Retail

Silverlink Shopping Park North Tyneside’s premier shopping destination, anchored by M&S

Silverlink Shopping Park is the leading out of town retail destination in the North East. Welcoming over 8.2 million visitors each year, the park has recently expanded to include the new Silverlink Point development.

Home to 21 popular national retailers, including M&S, H&M, Next, New Look, River Island, Outfit, JD Sports and Boots, the park benefits from close proximity to an ODEON cinema at the adjacent Silverlink Leisure Park, and is conveniently located on Coast Road providing easy access to Newcastle city centre and the surrounding areas.

927 Spaces

Predominantly Open A1

208,000 sq ft NE28 9ND www.silverlinkshoppingpark.co.uk

The park is at the junction of the A19 and A1058 (Coast Road), four miles (6km) to the east of Newcastle.


Proposed new pod units – subject to planning – from 800 sq ft upwards

10,000 sq ft A1 planningconsent secured

TO LET

PROPOSED DEVELOPMENT

Unit LET

Unit TO LET

£3,395 millionresident Non-Grocery spend (20-minute catchment)


BREEAM RatingSilverlink Point development was delivered with a Very Good BREEAM Rating

Victoria Retail Park Nottingham | 3736 | Lifestyle Retail

Victoria Retail Park This prominent retail park is Nottingham’s only non-food out of town scheme with Open A1 consent

Located just four miles from the centre of Nottingham, retailers at Victoria Retail Park’s include M&S, TK Maxx, Next, Boots, Pets at Home and Argos.

The park benefits from a strong trading location, opposite a Morrison’s supermarket and DW Fitness Club, while McDonald’s, Subway and Costa provide a further attraction for the park’s 80,000+ visitors a week.

674 Spaces

Open A1 (Non Food)

205,000 sq ft NG4 2PE www.victoriaretailpark.co.uk



82%retail and 52% F&B conversion

The park is prominently situated on the A612 Colwick Loop Road – one of the main routes to Nottingham city centre, which is four miles (6km) away. This convenient location makes the park easily accessible to the extensive catchment areas north and east of Nottingham.


Unit UNDER OFFER

Unit LET

Unit TO LET

Westgate Shopping Centre Oxford | 39

Westgate Shopping Centre Stunning new development will be home to the city’s first John Lewis store

Opening in autumn 2017, Westgate Shopping Centre will be a world-class retail and leisure destination at the heart of the historic city of Oxford.

This highly anticipated development features over 100 new stores, 25 restaurants and cafes, a boutique cinema, roof top terrace dining and a wealth of new public spaces. Anchored by Oxford’s very first John Lewis store, Westgate will transform the city’s west end, creating a brand new shopping, dining and leisure experience that will attract visitors from many miles around.

Open A1 and A3 OX1 1AN www.westgateoxford.co.uk

Openingautumn 2017

Located in the city centre, a 10-minute walk from Oxford train station and 20-minute drive from the M40, Westgate Shopping Centre will be Oxford’s premium retail and leisure destination.


800,000 sq ft of shopping, leisure and dining

Owned as part of a 50:50 joint venture with Land Securities.


Ocean Retail Park Portsmouth | 4140 | Lifestyle Retail

Ocean Retail Park Popular retail park on the outskirts of a scenic waterfront city

Welcoming 4.2 million visitors each year, Ocean Retail Park is prominently located just outside Portsmouth city centre. Retailers include major household names Toys R Us, Halfords, Homebase, Currys PC World , TK Maxx and Tapi.

There is also a good range of popular food and drink outlets, including McDonald’s, Costa and Subway.

658 Spaces Open A1175,000 sq ft PO3 5NP www.oceanretailpark.co.uk



84%retail conversion rate

Ocean Retail Park is conveniently located between the A2030 and A288. These arterial routes make the park easy to access from across the city, and offer fast direct links to the M27.


U/O

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Up to 8,000 sq ft potential new development

Unit UNDER OFFER

Unit LET

Unit TO LET

Rushden Lakes Nene Valley | 4342 | Lifestyle Retail

Rushden Lakes A destination like no other, Rushden Lakes sets a new standard for sustainable retail and leisure development

Rushden Lakes brings together the very best in shopping and leisure in beautiful surroundings, set in over 200 acres of natural wetland reserve.

Phase 1 of the development sees 41 new retail and restaurant occupiers opening onsite this summer, with key fashion and beauty brands including Jigsaw, Hobbs, Phase Eight, House of Fraser, Primark and L’Occitaine.

Future leisure and retail phases are following from 2018, and will include a 14-screen Cineworld cinema alongside additional retail, leisure and F&B operators.

Ample customer parking with dedicated parent and child

bays, disabled parking and electric-car charging

Open A1

230,000 sq ft retail and restaurants opened July 2017 (Phase 1)

140,000 sq ft leisure extension with cinema and restaurants (Phase 2 due 2018/19)

35,000 sq ft retail extension (Phase 3 due 2018)

NN10 6FH www.rushdenlakes.com

Prominently located on the A45, 1.5 miles from Rushden, Rushden Lakes offers excellent links to Northampton, Peterborough, Milton Keynes, Cambridge and Leicester.

The introduction of a new pedestrian footbridge over the A45, provides easy access to nearby Rushden town centre on foot or by cycle.


Chapel Walk Shopping Centre Worcester | 4544 | Lifestyle Retail

Chapel Walk Shopping Centre A vibrant shopping experience in the heart of Worcester city centre

Part of Crowngate Shopping Centre, Chapel Walk is a vibrant shopping area housing a diverse range of fashion, food and lifestyle brands, including House of Fraser, Primark, Phase Eight and JoJo Maman Bébé.

Leading household names are complemented by an exciting selection of boutique operators, while Crowngate Kitchen, a vibrant food quarter, offers alfresco dining with restaurant and café names, including Carluccio’s, Gourmet Burger Kitchen and Bill’s.

750 Spaces

Open A1 and A3

130,000 sq ft WR1 3LD www.crowngate-worcester.co.uk


+31%above average dwell time compared to town centre average

60%market share in local catchment

In the heart of the city centre, Chapel Walk is conveniently accessed from two of the busiest streets in the city – Broad Street and High-Street.


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Friary Walk Shopping Centre Worcester | 4746 | Lifestyle Retail

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Friary Walk Shopping Centre A vibrant shopping experience in the heart of Worcester city centre

Part of Crowngate Shopping Centre, Friary Walk is the gateway to the beautiful cathedral city of Worcester. With a strong selection of popular retail brands, including New Look Men, Mothercare and Iceland, alongside well known names offering everyday essentials, like Superdrug and Vision Express, Friary Walk has something for everyone.

Accessible, central and convenient, Friary Walk is home to the city’s bus station and a safe and secure 750 space car park, open 24/7.

750 Spaces

Open A1 and A3

170,000 sq ft WR1 3LD www.crowngate-worcester.co.uk

In the heart of the city centre, Friary Walk is conveniently accessed from two of the busiest streets in the city – Broad Street and High-Street. It also houses the city’s bus station and a safe and secure 750 space car park, open 24/7.


Unit UNDER OFFER

Unit LET

Unit TO LET13 millionannual footfall

+31%above average dwell time compared to town centre average

60%market share in local catchment

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Contacts at The Crown Estate

Claire Maude

Asset Manager

020 7851 5237

[email protected]

Katherine Armstead

Senior Asset Manager

020 7851 5268

[email protected]

Nicole Campbell

Asset Manager

020 7851 5179

[email protected]

Marcus Stone

Asset Manager

020 7851 5176

[email protected]

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Geoff Ford

Head of Portfolio

020 7851 5309

[email protected]

Donna Springall

Asset Manager

020 7851 5187

[email protected]

Hannah Milne

Director of Regional

020 7851 5241

[email protected]

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Jo Francis

Head of Retail Operations

020 7851 5073

[email protected]

Michael Bell

Senior Asset Manager

020 7851 5374

[email protected]

Laura Parker

Brand and Marketing Manager

020 7851 5067

[email protected]

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2017/V2

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