Retailers backing Trinity Leeds
THE Trinity Leeds shopping development is approaching 80% pre-let despite the squeeze on the high street, developer Land Securities has revealed.
The company said 72% of the space had already been pre-let and a further 8% is in solicitors’ hands.
Clothes retailer Urban Outfitters has taken the final major space in the development which is due to open in March next year.
Across its retail portfolio, the group secured £3.5m of lettings with a further £2.3m in solicitors’ hands in its first quarter.
Land Securities chief executive Robert Noel said: “Our focus continues to be to secure income from our developments. We are pleased with progress and continue to see interest from occupiers, despite ongoing uncertain economic news flow. While transactions are taking longer, occupier interest and intent remains firm as businesses seek out efficient space for their future needs.
“We remain confident that the development pipeline offers exceptional opportunity to deliver growth while our active asset management and strong financial base underpin our activities.”
The first quarter saw Land Securities attract Office, JD Sports, Vodafone and Vision Express to the White Rose Shopping Centre in Leeds.
Click here to review your profile settings and make sure you receive our weekly commercial property email later today.
