NEW STORES COME TO LONGBRIDGE
St. Modwen’s Longbridge Town Centre is continuing to attract occupiers with the addition of high-street names Specsavers and Carphone Warehouse and local independent bike shop 3CJ Cycle Centre.
Specsavers – Britain’s largest high street opticians – is taking 1,550 sq ft of space at a rent of £45,000 per annum, while Carphone Warehouse is taking 775 sq ft at £23,500 per annum. Both stores have signed 10 year leases and are due to open before Christmas. 3CJ Cycle Centre, which also signed a 10 year lease at £17,000 per annum, is now open.
Mike Murray, Development Director at St. Modwen, said: “Longbridge town centre is gathering strong momentum and now delivers an annual rental income of over £4m. Specsavers, Carphone Warehouse and 3CJ Cycle Centre add to the already strong and varied mix of retailers in Longbridge Town Centre, which includes Marks & Spencer, Sainsbury’s, Smyths Toys, and Boots.” Once the site of the former MG Rover plant, Longbridge is being transformed by St. Modwen, the UK’s leading regeneration specialist, through a £1 billion regeneration project. £300 million has been invested to date, delivering hundreds of family homes along with shops, eateries, offices, the £66m Bournville College, Longbridge Technology Park and the three acre Austin Park. Work is well underway on the Royal Centre for Defence Medicine (RCDM) Accommodation Building, whilst Longbridge Retirement Village is due to open in 2017.
6 December 2016