Queensberry Real Estate has confirmed that five brands have agreed to take space at The Kingsway Centre in Newport. The announcement will see brands Bonmarché, Starbucks, Shoe Zone, Newport Barbers and Bodycare, join an existing line up of high street brands including PEP&CO, Sainsbury’s Local, Peacocks, Claire’s and a major Wilko store.
Footfall has increased by around 15 per cent since Queensberry Real Estate took ownership of The Kingsway Centre in 2014. The centre has also benefitted from the launch of the adjacent Friars Walk regeneration scheme, which has been the catalyst for a significant sales uplift since the grand opening in November.
Bonmarché, the ladies fashion and plus size women’s clothing brand, has secured a 4,725sq ft store on a five year lease, whilst American coffee brand, Starbucks, has signed to take a 1,950sq ft store on a 15 year lease. The two openings come at a time when Shoe Zone, the discount footwear retailer, and Newport Barbers, a local barber company, have signed for a 3,250sq ft unit and a 250sq ft space respectively. Both have signed on a five year basis. Bodycare, which sells skin and beauty products, has also confirmed its commitment to the centre with a planned store refurbishment and by signing a new five year lease.
Daniel Mead, senior asset manager, Queensberry Real Estate, said: “We are experiencing a clear growth in Newport and the development of Friars Walk has been central to this. It is bucking the retail trend in this area of South Wales and has given a massive boost to the area, doubling the size of Newport’s catchment. This, coupled with the recent investments made to refurbish the centre and our attractive car park, has increased consumer interest which has helped secure a number of new brands to The Kingsway.
In addition to the above, Queensberry Real Estate has worked in partnerships with the teams at both The Kingsway and Friars Walk Centres to introduce a joint campaign called ‘Love Sundays’. The initiative aims to highlight the collective offer from across both centres, which includes 50 leading high street shops, 1,400 parking spaces, 12 family restaurants, an eight screen multiplex cinema, ten pin bowling, Soft Play and Laser Quest facilities.
The Kingsway Centre is fully integrated with Friars Walk and the wider retail offer in Newport City Centre. Queensberry Real Estate’s activities in Newport have been a focal point of the comprehensive programme of regeneration underway in the city, and has increased its retail spend potential by £120m per annum.