Fashion retailers New Look and Moss Bros are leading a host of retail lettings for The Liberty, the 110-unit pre-eminent shopping and lifestyle centre located in the heart of Romford.
New Look is taking a new 10-year lease on the 786 m² (8,465 ft²) unit GL11 and Moss Bros has taken a new 10-year lease on unit E5, a 266 m² (2,869 ft²) located next to River Island and Top Shop. New 10-year leases have also been agreed with Perfume Shop for the 95.87 m² (1,032 ft²) Unit N2.
A lease re-gearing for Card Factory will see an extension of its lease on the 213.4 m² (2,297 ft²) unit GL1a until 2021. Dorothy Perkins is also taking a further three-year lease on its 265.8 m² (2,862 ft²) unit.
The centre is owned by Cosgrave Property Group which recently agreed a €191.3 mln (£140 mln) refinancing package with M&G, is anchored by M&S, Topshop, Primark, and Debenhams along with H&M and Next. River Island, Monsoon, Superdry, Monsoon, and Virgin Media are also among the tenant line-up.
Zone A rents at the centre run about €2,500/m² (£170/ft²).
Comments Enda Fahy, Director of Cosgrave Property Group:
“The interest from fashion and lifestyle brands in The Liberty has been robust because we are a heart-of-town centre with a regional draw. The centre’s shopper base continues to grow with an annual footfall in excess of 20 million. Other deals will soon be announced.”
MMX Retail and CBRE act on behalf of The Liberty Centre. New Look, Dorothy Perkins, and Card Factory represented themselves. Perfume Shop was represented by Mason Partners.
Source: The Liberty
