Property briefs: Marine Point, Cheshire Oaks and Crewe Hall Farm
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NEPTUNE Investments has announced two further lettings at its £60m Marine Point development in New Brighton, Merseyside.
Subway has agreed terms for a 1,000 sq ft restaurant, on a 25-year lease at £23,000 a year, while Loungers is opening a 3,000 sq ft waterside restaurant unit for its casual dining brand, The Lounge. It has taken a 20-year lease at £57,000 a year.
Subway will be operated by Blackburn-based Eurogarages, which opened a Starbucks franchise 12 months ago in an adjacent unit.
Neptune Investments director Danny Hynd said: “Marine Point is flying. All the units are trading beyond their operators’ forecasts and with each new unit that opens footfall increases for everyone’s benefit. People said it couldn’t be done and we’ve proven them wrong.”
The two new lettings take occupancy at Marine Point to 92%, and are set to create around 30 jobs at the development.
MCARTHURGLEN’s Cheshire Oaks Designer Outlet has signed up three fashion brands: Pretty Green, Joseph and Church’s footwear.
Liam Gallagher’s Pretty Green will be running a pop-up shop until January 18, while the other two are opening permanent shops at the centre.
Centre manager Brian Handley said: “Over the past year we have seen 16 new brands open at the centre, expanding the strong fashion offering as well as building the variety of beauty and home brands.”
REDEYE, the online marketing consultancy, has doubled its space at Crewe Hall Farm. The firm already has 4,000 sq ft on the ground floor of Oak House and has taken an additional 4,000 sq ft on the first floor on a five-year lease.
RedEye specialises in email and website optimisation, and has seen its staff numbers grow by more than 30% in the past 12 months.
Garry Lee, chief operating officer, said: “We’ve enjoyed great growth in past two years and we just ran out of space on the lower floor at Crewe Hall Farm. We love the location, it’s got good parking, a strong catchment for recruiting new people and it’s a convenient place to be, so it made sense to take the extra space.”
Crewe Hall Farm has been owned by the Duchy of Lancaster since 1936. In partnership with Maple Grove Developments, the Duchy converted the five 19th Century farm buildings on the site into offices. The farm has 27,500 sq ft of office space with individual suites from 768 sq ft.