CBRE Investment Management has announced the signing of sports fashion retailer JD Sports in a new flagship store at Colchester’s premier shopping destination, Lion Walk, set to open this October.
Lion Walk’s retail offering has continued to grow over the last two years under new management, with a range of major high street brands joining the scheme. Despite the pandemic, the Centre is currently at its highest ever occupancy and footfall, attracting 180,000 customers per week. JD Sports is also leading the way in post-pandemic recovery, announcing record interim results in the first six months of 2021.
Caitriona Hunter, director at CBRE Investment Management, commented on this landmark signing: “JD Sports joining the scheme is a testament that Lion Walk Colchester continues to be a booming retail destination. We have worked collaboratively with JD Sports to be able to deliver this flagship store and provide a space that is engaging and new for our customers and fulfil the brands consumer demand. The store marks the confidence retailers have for Lion Walk and bolsters the current line-up, as well as supporting the wider town centre.”
Nigel Keen, group property director for JD Sports, added: “Despite the challenges of the last 18 months we have worked alongside CBRE Investment Management on this opportunity for JD to upsize from our current store to Culver Walk. This new location allows us to offer an extended and relevant representation of our product range for the benefit of the Colchester consumers.”
Adding to the wider retail line-up in Lion Walk, the new store is complemented by M&S, River Island and Boots.
GCW and CBRE are letting agents for Lion Walk. Lambert Smith Hampton’s Belfast Office, appointed by CBRE Investment Management, are the managing agents for the destination. JD Sports dealt direct.