Northridge Capital has signed up four more tenants for the 48,000 sq ft (4,460 sq m) Phase 2 of its Gretna Gateway Outlet Village on the Scottish border, which is expected to be completed in November.
Marks & Spencer has already signed a 10-year lease on the anchor unit in the new phase. In addition, computer game and accessories retailer Game has agreed a six-year lease on a 1,385 sq ft (130 sq m) unit. This will be the company’s third factory outlet unit in the UK and its first in Scotland.
Whitbread has agreed a 10-year lease on a 1,330 sq ft (125 sq m) space for its Costa Coffee brand, and Cadbury’s has signed a six-year lease for 1,825 sq ft (170 sq m). Midlands-based womenswear brand Klass has agreed terms for a 1,645 sq ft (150 sq m) unit on a 7-year lease.
Northridge Capital managing director Ray Terrafranca said: ‘These multiple lettings, together with other deals we have in solicitors’ hands, will bring the commitment to Phase 2 up to 85 per cent.
‘On completion, Gretna Gateway Outlet Village will offer 130,000 sq ft (12,080 sq m) of quality retail, which will further enhance its appeal to the 20 million drive-by catchment.’