Landmark shopping centre attracts new tenants
A landmark Birmingham shopping precinct has attracted two new lettings with a third set to follow.
Dignity, one of the largest providers of funeral services in the country, and a nationwide takeaway and delivery chain have both signed tenancy agreements at Scott Arms Shopping Centre, Great Barr. A third, as yet unnamed, high street name is also under offer.
The centre is managed by Black Country investment and property management company LCP.
Jo Salmon, retail portfolio manager at LCP, said the deals gathered pace after it decided to introduce free parking for 90 minutes at the centre in January.
LCP has also spent £100,000 carrying out a reconfiguration of the existing space to make the precinct more attractive to new retailers.
Dignity, which is based in Sutton Coldfield, has signed a 10-year lease for a 1,400 sq ft unit, while the takeaway and delivery chain has agreed a 20-year lease for a 2,066 sq ft unit, which will also have seating for customers.
“The shopping parade is very popular among locals and it also attracts a great deal of passing trade, so the fact that we introduced the free, limited-time parking has had a positive impact, with a marked increase in footfall. It’s this that has helped us to attract these nationally known names,” added Ms Salmon.
Lambert Smith Hampton acted as agents for LCP.
LCP is planning further improvements at Scott Arms, including a car park extension, upgraded landscaping and common parts, plus new signage. Other occupiers include Iceland, Greggs, Well Pharmacy and Ladbrokes.
