Swan Centre flies with rising numbers

Commercial real estate adviser Hughes Ellard has been appointed by PRUPIM, a top 20 global real estate fund manager, to market the covered Swan Shopping Centre, Eastleigh.

The Swan Centre, which has 54 retailers and directly employs 35 people, is 37,161 sq m (400,000 sq ft), including an additional 11,148 sq m (120,000 sq ft) of leisure space built three years ago.

Dee Buffone, the Swan Centre manager, said: “The Swan Centre is very much punching above its weight these days, appealing to visitors perhaps unable or unwilling to undergo the inconvenience and cost of travelling into either Southampton or Portsmouth.

“Last year alone we recorded a significant 22% increase in footfall to the leisure complex, with 2.5m people, and a modest 1.5% rise to the shopping centre, at 6m.

“In these economically straitened times, both figures are highly encouraging, and we’re seeing a higher percentage of professionals coming through the doors as well.

“Hughes Ellard, through Tim’s regional expertise, will help us cement the Swan Centre’s growing reputation as a first-class shopping and entertainment destination on the M27 corridor.”

The shopping centre – www.swanshopping.com – is jointly marketed by 20-strong Hughes Ellard, which has offices in Southampton and Fareham, and Duncan Kite of London-based GCW.

Tim said: “The Swan Centre is well positioned to benefit even further when the economy improves and we have already had a number of serious enquiries from potential new occupiers, one of which is close to fruition.

“The benefits of being able to shop, dine, bowl, socialise and go to the cinema, all under one roof, are compelling ones for visitors, borne out by the impressive footfall figures.”

Occupiers at the leisure facilities include Vue Cinema, AMF Bowling, Prezzo, Harvester, Frankie & Bennys, Nandos and The Real China.

Currently available, at £75,000 a year exclusive, is a large leisure space of 53 sq m (570 sq f) on the ground floor and 630.50 sq m (6,784 sq ft) on the first floor.

Also available is a fitted restaurant/bar premises at £70,000 a year exclusive.

Occupiers in the shopping centre include national chains Tesco, TK Maxx, Next, Argos, Accessorize, Monsoon, New Look, Boots and WHSmith.

One prime shop is available to let, at £65,000 a year exclusive.