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Retail News
We are delighted to say that it has been a promising couple of months for the Derby retail scene. Despite the current challenges surrounding inflation, interest rates and tax rises, there is certainly a sense of restored confidence within retailers in comparison to the previous couple of “pandemic years”. We are witnessing a good level of enquiries from a range of different occupiers which are pleasingly turning into lettings, some of which I am excited to now be able to reveal…
Looking firstly at Derby’s high street, following ALB Group’s acquisition of the block on Albion Street just a couple of months ago, I am pleased to announce that we have already completed on three new lettings. The former card shop unit has been let to “Hatchet Harrys Axe Throwing”, the old Goldsmiths unit has gone to an independent speciality coffee shop “Barista Lab” and the former EE store has been let to “Pace”, a lifestyle fitness boutique that will offer a wide range of gifts, wellbeing products, exercise classes and personal training.
Additionally, we can finally reveal that we have exchanged contracts on the former Dorothy Perkins/Burtons unit on Victoria Street with “Boo” – a fast food burger restaurant chain who have a number of locations across the Midlands.
Within the Cathedral Quarter, Derby Brewing Company are taking the former Las Iguanas premises on Friar Gate and are opening their new concept in “The Clubhouse” which will be a unique addition to Derby’s hospitality scene. We have also just agreed an offer on the old Burger King unit on East Street to an exciting leisure occupier.
We have also welcomed several new brands into the Derbion Shopping Centre in recent months, with Tommy Hilfiger, Mango, Flannels and Lids having taken place and the likes of Frasers and Jack Wills set to open their doors very soon.
No doubt there will be concerns in 2022 for retailers, however we are highly optimistic about the rest of the year and excited as to what it will bring to Derby.
For further information please contact Darran Severn 07917 460 031 / darran@fhp.co.uk.