Durham, Arnison Shopping Park
- 335,000 sq ft retail park with 31 units and parking for 1,300 cars
- Anchored by Sainsburys, M&S and Next
- Annual car visits in excess of 3.5 million
Business Plan & Achievements
Responsible for the transformation of a traditional bulky goods park into a fashion led retail destination over a 10 year period.
M&S – New flagship 60,000 sq ft unit developed with the introduction of Nike achieved in their former unit.
Casual Dining – Redevelopment of a 7,900 sq ft former Pets at Home unit into four food / café units let to Frankie & Benny’s, Costa, Subway and Muffin Break.
Environment – A scheme of improvement has been carried out across the park upgrading frontages and reworking the car park for efficiency improvements.
Homebase – Redevelopment of the former Homebase store to create a Next flagship and modern units for River Island, New Look and JD Sports.
Over the period of instruction, the series of developments and reconfigurations at a cost of c. £20m, achieved a NOI increase in excess of £2m pa.