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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



Apr 23, 2018, United Kingdom:
New World Trading Company has chosen to open its latest venture at intu’s transformational retail and leisure extension.
Apr 12, 2018, USA:
Exciting New Creative Plans Announced for Former Sears.
Apr 5, 2018, Sweden:
One of Sweden’s largest real estate investment companies launched its new retail concept in the heart of Swedish capital.
Apr 4, 2018, USA:
b8ta has been named "Store of the Year" by the 47th Annual Shop! Awards.
Mar 26, 2018, United Kingdom:
It will house the collection of British and international brands in one of the world’s most iconic buildings.
Mar 23, 2018, Spain:
ICSC will hold its annual events on 25-26 April in Barcelona, Spain at the Fairmont Rey Juan Carlos I hotel.
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