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Next & Topshop return to Newport

Friars-Walk-Newport-CGI-570


Queensberry Real Estate, the developer behind the planned Friars Walk shopping centre in Newport, has signed Next and Topshop for the scheme.


The pair have signed up to take 20,000 sq ft and 10,000 sq ft respectively.


It means both retailers will return to Newport city centre after closing their shops in the last two years.


They join Debenhams and Cineworld, which have already prelet 91,000 sq ft and 25,000 sq ft respectively.


Queensberry has also agreed terms with five of the 10 restaurants it hopes to attract, with three other fashion retailers also in talks to take space.


The scheme is due to open in autumn 2015.


Queensberry Real Estate was chosen by Newport city Council to develop the scheme following the collapse of Modus.


Friars Walk will provide more than 390,000 sq ft of retail and leisure space.


Stuart Harris, head of leasing at Queensberry, said: “Both Next and Topshop have recognised the huge potential of a rejuvenated Newport. Momentum is really beginning to build now as confidence in Friars Walk and Newport grows both regionally and nationally.


“Newport city council has a clear vision for the city that is based around long-term investment in public realm, new residential, leisure and office schemes, all of which are fundamental to a vibrant successful city of the future.


Strutt & Parker advised Queensberry Real Estate.


Jack.Sidders@estatesgazette.com


 

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