Two national retailers are set to open new stores in The Hildreds Shopping Centre, endorsing the important role the centre plays to the local community and how attractive it is to retailers as the principle retail destination in Skegness.
Pavers, one of the UK’s leading shoe retailers, are taking Unit 1 adjacent to The Works and they will be joined by The Original Factory Shop, the discount store offering savings of up to 70% on big-name brands, who are taking the former Wilko. In addition to this, JD are relocating from inside the Centre to a new, larger format store fronting High Street/Lumley Road which will be open in time for Easter and later in the year, Shoe Zone will be relocating to a larger store currently occupied by WH Smith.
As new names join the retail line up at The Hildreds Shopping Centre, sadly there are some goodbyes. WH Smith, who have been trading in The Hildreds Shopping Centre since it opened in 1988, will be leaving this spring.
The Hildreds Shopping Centre Manager Steve Andrews says: “In today’s challenging retail environment, these new lettings and JD’s upsize are a major endorsement of the centre and demonstrates the confidence that retailers continue to have in The Hildreds Shopping Centre as a retail destination of choice in the region. These new stores complement the occupier tenant line up perfectly and will be hugely popular with our customers. We also say goodbye to our longest trading retailer WH Smith, the store has been integral to our retail offer for many years, and we wish the staff all the best”.
The new store openings this spring are just the beginning, there will be more news to come later this year. Christina Weguelin, Senior Asset Manager at NewRiver said: “These new store openings reinforce our ongoing commitment to The Hildreds Shopping Centre and Skegness. We continue to have many conversations with national and local retailers with an interest in The Hildreds Shopping Centre and look forward to making more announcements soon.”.
Steve Andrews Hildreds Centre Manager
NewRiver REIT plc (‘NewRiver’) is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK.
Our £0.6 billion UK wide portfolio covers 8 million sq ft and comprises 28 community shopping centres and 15 conveniently located retail parks occupied by tenants predominately focused on essential goods and services. Our objective is to own and manage the most resilient retail portfolio in the UK, focused on retail parks, core shopping centres, and regeneration opportunities in order to deliver long term attractive recurring income returns and capital growth for our shareholders.
NewRiver has a Premium Listing on the Main Market of the London Stock Exchange (ticker: NRR). Visit www.nrr.co.uk for further information.