Retail park developers shrug off Debenhams disappointment with four new tenants

The Crown Estate has confirmed four signings to its new development currently underway at Fosse Park – a week after struggling department store pulled out as anchor tenant.

Nando’s, Greggs, KFC and EE have confirmed they are taking units at Food Central, the new dining space creating up to 13 food units and four retail units. These announcements join previously confirmed brands at the extension, Next, Clarks and TK Maxx.

Once completed, the redevelopment will create a total of 140,000 sq. ft of additional retail and restaurant space, increasing the offering by 40% to complement the current Fosse line-up.

The Crown Estate says the development is now currently more than 45% pre-let with letting conversations “ongoing”.

The company says that further announcements will be made in due course including an update on the anchor space.

Mike Bell, senior asset manager, The Crown Estate, said: “We are excited to be announcing the addition of Nando’s to our development. This, along with the confirmation from EE, Greggs, KFC and other existing brands that they will be moving across to the new development, demonstrates the confidence retailers have in the investment we are making.

“Following the news that Debenhams will not be taking a store at Fosse Park, we have been actively working with the local authorities on our future plans and engaging with the market to explore exciting new brands for the space when it opens in 2020. We look forward to providing further updates in due course as we create a brilliant place for visitors, shoppers and the local community to enjoy.”