Retail park ends the year strong with almost 100% occupancy

Bristol retail park, Cribbs Mall, has experienced a strong performance in 2023, achieving nearly full occupancy through 36 leasing transactions.

Joint asset managers M&G Real Estate and Pradera Lateral reported 110,663 sq ft of leasing activity, welcoming new additions such as Victoria’s Secret, Mango, Charles Tyrwhitt, and Greggs.

28 new retailers, included well-known names like Boots, Waterstones, and Fat Face.

Notably, Wagamama and Phase Eight expanded their presence, with Wagamama upgrading its unit and Phase Eight securing a new five-year lease.

The retail park witnessed an 8% increase in footfall compared to the previous year, driven brands like John Lewis, M&S, JD Sports, and the Apple Store.

M&G and Pradera Lateral also celebrated the addition of Longlands to Cribbs Retail Park, finalising a 10-year lease.

With major brands like B&Q, Currys PC World, Ninja Warrior, and Smyths occupying large units, Cribbs Mall stands at 100% occupancy.

Scott Linard, portfolio director at M&G Real Estate, said: “As we move into the New Year, we are already talking to several retailers who are keen to benefit from the strong footfall which Cribbs Mall is experiencing. It is certainly an exciting time for Cribbs Mall – and the wider Cribbs Causeway area – which is continuing to grow, thanks to several new neighbouring attractions, including the relocated Bristol Zoo and the creation of additional residential communities to the north of Bristol. These developments, combined with the diverse range of operators located across Cribbs Mall, Cribbs

Retail Park and Cribbs Venue, means the area is a perfect location for retail, leisure and F&B companies looking to increase their presence in the West Country. We look forward to welcoming more new arrivals in 2024.”

 James Osbaldeston, asset manager at Pradera Lateral, said: “The past 12 months have been hugely successful for Cribbs Mall and the surrounding area. It has been great to welcome strong retail brands such as Victoria’s Secret, Charles Tyrwhitt, and Greggs, as well as growing operators including Clogau and Mooch. It has been particularly pleasing to see so many of our popular retailers commit their futures to Cribbs Mall, in particular Phase Eight and Wagamama, both of which have increased their presence at the centre by taking more space. We look forward to working with our existing and future operators to ensure Cribbs Mall continues to provide an environment which supports their needs and ensures they continue to trade successfully.”