Radley opens at Springfields Outlet following centres ongoing success.

Radley opens its new outlet store at Springfields Outlet.
Chester asset manage the scheme for UBS Triton where turnover has grown for 8 consecutive years.
Christmas trading period results (Nov and Dec 2013) were:-

Turnover +6.4% on LY

Boxing day, the first day of clearance, turnover lifted +23% on last year

Overall average spend for the period was +4%

First full week of clearance (ending 5th January turnover was +14%)

Ian Sanderson who runs the centre said "Radley signifies where Springfields is heading as a scheme. As the East of Emgland's only Outlet Centre, the catchment covers a large area which is relatively affluent, so represents an excellent opportunity for quiality brands to achieve high sales with sensible overheads".

100% Occupancy at Chester Outlets

Chester has achieved 100% occupancy for Christmas in both its Outlet schemes for the second year running. 98 Units are fully let in the combined 105 acres of leisure and retail at Springfields, east of England & Festival park, mid south wales. Recent results at the centres are showing substantial double digit turnover growth, year on year, and the teams at both centres are looking forward to a great 2014.

Major Refurbishment at Motherwell

Chester Properties in conjunction with Columbus Capital have completed a £450,000 refurbishment of Motherwell Shopping Centre and have successfully re-lanched. Works to enhance the fabric of the building and overhaul the lighting and signage were completed on time and within budget and at over 90% let the Centre now represents one of the strongest provincial retail destinations in Scotland.

Major tenant signings set to fill Festival Park

Chester Outlets have announced details of four new tenants set to take Festival park in Ebbw Vale to 100% occupancy.

Europe's biggest single price retailer - with over 470 stores - Poundland is set to open its first ever 'Poundland Outlet' store, occupying a 7000 sq ft unit at the Ebbw vale site and replacing locall operator Poundline. The new store will open on 22nd August.

Other big names confirmed to open in August include international lifestyle brand Bench in a 2500 sq ft store.

ladies fashion retailer Autonomy has taken a 1500 sq ft at the centre. The London born label has built a reputation as a quality ladies tailoring brand, offering a wide selection of affordable, feminine and co-ordinated ranges with timeless styling.

In a first for Wales, The Beauty Outlet - has opened with over 20,000 discounted beauty products - they have signed a five year lease on a 1500 sq ft unit, and are trading at  very high sales densities in the centre.

These are on the heels of other recent signings - including Wales' first Jacques Vert store and coffee ginat Costa. The latest lettings continue the momentum and successful turnaround of the 40 unit, 80 acre scheme, creating another fifty new jobs in the process.

Speaking about the new additions to Festival Park's tenant portfolio, Chester Properties Director of Outlets, Ian Sanderson said:

"To welcome yet more high profile names to Festival Park including the first Poundland Outlet, is quite an achievement, especially as it now takes us to 100% occupancy.

Most shopping centres in the UK are not the large battleship centres often read about and it continues to be a difficult trading environment for many smaller centres and many retailers. Vision and creative management has never been more important in delivering a thriving Outlet or retail scheme".

Deals with Bench, Autonomy and The Beauty Outlet were concluded directly by Chester Outlets - Poundland was secured by CHD.