Retail News

St Peters Street, once a thriving retail pitch in Derby City Centre has suffered in recent years, due to changing market trends and consumer habits. There are several vacant properties as a result of traditional high street brands relocating within the Intu Derby Shopping Centre.

Darran Severn from FHP Property Consultants comments:

“High Streets are having to evolve to become mixed-use destinations in order to attract shoppers. This is not only evident in a local towns and cities but throughout the country. People want an all-day outing, where they can shop, eat and play crazy golf for example.

We have been working alongside our clients to attract and accommodate new retail and leisure operators to Derby and are pleased to confirm two new lettings on St Peters Street.”

Frites 33, an authentic Belgian frites restaurant and takeaway have recently signed a new 10 year lease at 46 St Peter’s Street, a property once occupied by Game, and a national occupier has recently completed a deal on 24 Cornmarket, a very prominent property fronting St Peters Street.

Darran Severn adds:

““This is an excellent run of lettings in an area which hasn’t seen much activity in the last 18 months. In addition to these lettings, we hope to announce the name of an exciting new leisure operator shortly, who will be taking the former Sports Direct Space above Tesco.”

For further information please contact Darran Severn on 01332 343 222 or darran@fhp.co.uk.

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