The retail warehouse portfolio is dominated by prime Open A1 planning consented schemes which are able offer a wide range of goods, including food, fashion, footwear, books, electronics and household goods. This gives us the flexibility to meet the needs of the largest potential pool of occupiers and allows us to create town centre-style retail destinations at more affordable costs for retailers and greater convenience for shoppers
1 Source: Trevor Wood Research
79
Retail warehouse UK properties
23
Solus open parks
10.5million sq ft
UK Portfolio size
81%
With Open A1 use
The open A1 Retail Park, which is located south west of Northampton, is anchored by a 30,000 sq ft Bhs store and 44,000 sq ft Toys R Us. The Retail Park has successfully attracted two new concept drive thrus being Starbucks and Boots. The conceptual stores will bring added traffic and footfall to the Retail Park adding to the retailing experience.
176,000sq ft
in Northampton
11
Units and kiosks
Situated just off the M1, Giltbrook is within half an hour's drive of the region's major cities with an annual footfall of 2.6 million, it is an example of a traditional retail park anchored by a 240,000 sq ft IKEA store and opened in 2008. Over the last 18 months, Decathlon have downsized enabling Next to take a 19,000 sq ft store resulting in a 20% rise in income.
193,000sq ft
16
units
Fort Kinnaird is located just off the A1 outside Edinburgh, Scotland. It is owned by HUT in a 50:50 joint venture with the Crown Estate. It has been developed in a number of phases with each phase having anchor occupiers. Fort Kinnaird, was the first out-of-town retail warehouse development to attract high street retailers such as Next and Boots. In addition to the 55 retail units and four food outlets, there is a factory and additional offices. Marks & Spencer have recently opened a new 60,000 sq ft general merchandise store. Monsoon and Starbucks have also recently opened. Orange and Thorntons are currently fitting out.
510,000sq ft
59
Units
Teesside Shopping Park attracts 5.3 million visitors per annum and continues to attract leading retailers. During the year retailers including H&M, Republic and TUI travel agents have taken accommodation on the Park. To facilitate some of these lettings 9000 sq ft of additional floor space has gained planning consent for fully flexible open A1 retail accommodation.
460,000sq ft
41
Units
Glasgow Fort continues to build on its strength as one of the preeminent fashion-led retail parks in the UK with an annual footfall of 12.5 million. New fascias added in the year include H&M, Bank Fashion and a new flagship New Look store. In the year ahead we expect to commence the 45,000 sq ft cinema development, comprising an eight-screen cinema and five restaurant units. Terms have been agreed with a major cinema operator and five national restaurant units. In addition, negotiations are being finalised with Glasgow City Council in respect of the proposed 175,000 sq ft phase two retail extension.
393,000sq ft
78
Units and kiosks
39%
share through HUT