HUT invests £75m in shopping park extensions

Published: June 2nd, 2014
Written by: Editorial Team

Hercules Unit Trust (HUT), a specialist retail park fund, managed by Schroder’s and advised by British Land, has stated that construction has begun on four schemes in its portfolio.

The extensions will cost around £75m and create in excess of one thousand new local retail jobs, and temporary construction jobs. The Glasgow Fort retail extension consists of an 80000ft² M&S anchor store and an additional 32250ft² for retail, food and beverage.

Deepdale Shopping Park in Preston’s £14m extension will provide 44897ft² of retail space which is already fully let, along with 28658ft² for ancillary use. The tenants include Sofaworks and Wren Kitchens.

Broughton Shopping Park’s £12.5m extension will include a Cineworld IMAX cinema, and five family restaurants, including Frankie & Benny’s and PizzaExpress.

The £13m Fort Kinnaird extension will include a seven screen Odeon cinema, with seven restaurants, including TGI Friday’s and Nando’s.

The extension in Preston is due to be completed this year, whilst the others are set for completion during spring 2015.

Latest news

Inside the new US$575 million mall planned for Bangkok’s fast-growing northern district

Central Pattana unveils The Central, a new US$575m mall in Bangkok’s fast-growing northern district with a planned opening in late 2026.

Singles’ Day 2025 — What the World Is Buying on 11.11

Singles’ Day 2025 breaks new global records with $150B+ in sales. Discover the top categories, data insights, and retail trends shaping the world’s biggest shopping event—from Tmall to Amazon and Shopee.