M&G Real Estate, has completed two new lettings to The Fragrance Shop and Papa John’s for its South Wales shopping centre Cwmbran Shopping. The lettings follow a year of significant investment into the scheme, which has seen circa £8 million spent on store fit-outs and refurbishment projects.
The Fragrance Shop, the UK’s largest independent fragrance retailer, will take 1,130 sq ft on a five-year lease while Papa John’s, the world’s third largest take-out and pizza delivery restaurant, has secured 850 sq ft on a 15-year lease.
In addition, ladies fashion retailer Roman Originals has signed a new five-year lease on its 4,200 sq ft store at the heart of the scheme.
The brands join some of the UK’s favourite high street names including Jack & Jones, TopShop and Pandora to further elevate Cwmbran Shopping’s reputation as one of South Wales’ leading retail destinations.
Rupert Milne, Asset Manager at M&G Real Estate, comments on the deals: “The Fragrance Shop and Papa John’s join an already successful tenant line-up, as part of our active asset management strategy that has allowed us to cement Cwmbran Shopping’s positon as one of Wales’ core retail locations. Significant investment into the scheme over the past year demonstrates retailers’ commitment to Cwmbran and, with free parking and a diversified tenant mix that serve 18 million customers annually, the scheme is set to attract further interest from national retailers.”
KLM and EJ Hales represented M&G Real Estate.