The Bracknell Regeneration Partnership (BRP), a 50:50 joint venture between Legal & General Property and Schroder Property, announces that it has secured lettings to Carluccio’s and Primark in Bracknell’s town centre, adding further momentum to the major regeneration programme.
Carluccio’s, the popular chain of authentic Italian caffés and food shops, has taken a 3,606sq ft unit opposite M&S and H&M on a 20-year lease. The first Carluccio’s restaurant was opened in 1999 at Market Place in London. Today, Carluccio’s operates from over 70 UK locations, maintaining its high quality reputation. Primark, the high street fashion retailer, has also taken a two level store in the redeveloped town centre, adding to the strong mix of retail brands.
These are the latest two lettings that BRP has secured for the redevelopment of Bracknell’s town centre and follow the recent announcement that Zizzi will be taking a 3,300sq ft building on a 15-year lease and that Nando’s is taking a 6,000sq ft unit on a 20-year lease.
Other recent lettings activities include news that M&S had taken a pre-let on an 80,000sq ft store, Cineworld has agreed to take a 12-screen, 41,500 sq ft cinema, and H&M has signed a pre-let on a 26,000 sq ft retail unit.
Neil Crawford, retail development manager at Legal & General Property, said: “Sitting opposite M&S and H&M, Carluccio’s will straddle the retail and catering offer, trading strongly throughout the entire day and setting a new quality benchmark. These two significant further pre-lets demonstrate the continuing momentum that is gathering in the regeneration of Bracknell town centre and will act as catalysts in attracting further major national operators to the town centre that have not previously been represented.”
Ian Mason, head of UK property fund management at Schroders, said: “Working closely with Bracknell Forest Council, we continue to make strong progress in attracting a high quality, vibrant and diverse mix of fashion retailers and family orientated restaurant operators to meet the needs of Bracknell’s discerning catchment area. The target is for Bracknell to become a ‘best in class’ regional shopping and leisure destination and regain its position in the retail hierarchy.”
CBRE and Lunson Mitchenall advised BRP on the lettings.