M&G Real Estate secures 14,300 sq ft of lettings for South East shopping centre

M&G Real Estate has secured a run of deals for its South East shopping centre Culver Square in Colchester including Smiggle, Fraser Hart, EE, Monsoon Accessorize and Starbucks. The new deals mean Culver Square is now nearly fully let, following growing demand for space in the centre from both international and domestic brands as well as existing and new tenants.

Australian stationery company Smiggle has signed to take a 1,000 sq ft store on a 10-year lease.

John Cheston, Managing Director at Smiggle, comments: “We’re thrilled to be opening a store at Culver Square; it has an exciting mix of tenants and is perfectly positioned for our brand. We are confident we will trade well in this location.”

Fraser Hart, luxury jewellery specialists, makes its debut in Colchester with a 3,800 sq ft store on a 15-year lease at the heart of Culver Square, further strengthening the centre’s leading tenant line-up.

Culver Square is also experiencing continued commitment from both domestic and international brands. EE has signed to relocate to a 1,800 sq ft store, almost double that of its existing unit, on a new 10-year lease. Starbucks has taken a new 5-year lease for its 2,200 sq ft unit and Monsoon Accessorize has committed another five years for 5,500 sq ft.

Rupert Milne, Asset Manager at M&G Real Estate, comments: “These deals reinforce Culver Square’s position as the leading premium retail destination for Colchester and the wider region. Our active asset management strategy continues to provide retailers with the right units for their brand and business objectives, and cements the centre’s reputation among the UK’s most popular brands as a ‘must-trade’ location in the South East.”

Cushman & Wakefield, CBRE and Green & Partners represented M&G Real Estate.

MMX Retail represented Smiggle and Smith Price acted for Fraser Hart.