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HUT invests £75m in shopping park extensions



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.


More about shopping malls in the United Kingdom



Feb 13, 2018, Sweden:
The company began renting out furniture and buying its own products, second-hand.
Feb 9, 2018, United Kingdom:
Plans are in place to enhance the entrance experience, car park, internal furniture, shop fronts, signage and wayfinding.
Feb 8, 2018, Canada:
Plans are underway to redevelop the shopping mall into the mixed-use community spanning 28-acres.
Feb 5, 2018, United Kingdom:
Cheshire Oaks Designer Outlet announces the start of construction on a new phase.
Feb 1, 2018, Germany:
Spaces at new F&B area at MyZeil Frankfurt successfully leased to exciting food concepts.
Feb 1, 2018, France:
CEO of the popular brand of clothing and equipment for surfers and snowboarders Pierre Agnes is missing in the sea off French coast.
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