Healthy retailer demand for thecentre:mk has resulted in a wave of openings at the Hermes and Prudential-owned 1.3 million sq ft (120,770 sq m) centre.
Pineapple, founded a quarter of a century ago as a dance studio in London’s Covent Garden, has taken a 10-year lease on a 665 sq ft (60 sq m) ground-floor unit at£78,000 a year. The store is Pineapple’s fourth shopping centre unit.
Leather goods retailer Boros has taken a five-year lease on a two-storey unit at£160,000 a year, rising to£170,000 in the fourth year. The unit, Boros’ eighth UK store, provides a 1,910 sq ft (175 sq m) ground floor and 1,375 sq ft (130 sq m) first floor.
Both Monsoon and Accessorize are relocating to other units. Monsoon has taken a two-storey unit providing a 3,420 sq ft (315 sq m) ground floor and 1,880 sq ft (175 sq m) first floor. Accessorize is moving into Monsoon’s existing 1,745 sq ft (160 sq m) ground-floor unit at 34 Midsummer Arcade. Herb Medic has taken Accessorize’s former store.
Fragrance Shop has taken a 10-year lease on a 330 sq ft (30 sq m) unit at£77,500 a year. Existing retailer, Maysons Menswear, has taken a 10-year lease on a 960 sq ft (90 sq m) ground floor and 445 sq ft (40 sq m) first-floor unit at£72,500 a year.
Dr & Herbs has taken a larger store at the centre on a 15-year lease at£125,000 a year. The property provides a 1,441 sq ft (139 sq m) ground-floor sales area and 1,207 sq ft (112 sq m) first floor.
Hermes director Andrew Martin said: ‘The level of retailer demand we are experiencing is reflected in the number of deals we have been able to secure so far this year. This is a trend that has been developing for years.’
DTZ Debenham Tie Leung and Dalgleish are joint letting agents for thecentre:mk.