MANGO TAKES 5,250 SQ FT UNIT AT TOUCHWOOD SHOPPING CENTRE20th February 2023
Ardent UK bought the centre in summer 2021 and alongside asset manager Sovereign Centros has developed and implemented a strategy to diversify the scheme’s offer and attract premium brands.
In the past year, Polestar electric cars, luxury watchmaker Tag Heuer, premium appliance manufacturer Miele and cosmetics brand Rituals have taken space at the centre helping to drive the scheme’s occupancy rate to above 96%, compared with 91% on acquisition.
Joe Swindells, development director at Ardent UK, said: “Out strategy for Touchwood is entirely focused on bringing the very best retailers and dining options to Solihull, with Mango’s arrival representing yet another string to the centre’s bow. The strength of trading and footfall demonstrates the success of our approach and underlines Touchwood’s position as the destination-of-choice for both retailers and the region’s consumers.”
Simon Phipps, asset manager at Sovereign Centros, added: “Touchwood is an ideal location for a major fashion brand such as Mango, and as such it is hugely exciting to welcome it as part of our market-leading offer.”
Ardent UK and Sovereign Centros were advised by Cushman & Wakefield and Knight Frank.