Merry Hill has announced a host of new signings and re-investments at its lower retail park, covering almost 79,000sq ft in total. Costa and Bensons for Beds have taken space at the scheme which, alongside B&M Bargains and Matalan renewing, means that the retail park is almost fully let.
Costa’s new 2,800sq ft location joins a recently opened Costa within Merry Hill itself, underscoring the strength of the partnership the destination has fostered with the brand. Joining it is Bensons for Beds, with the mattress and bedroom retailer opening an 8,000sq ft store.
Investment in Merry Hill’s retail park goes beyond the new entrants, with both B&M Bargains and Matalan working with the destination to renew their leases for 10 years and recommitting to a combined 68,000sq ft. The duo of re-investments in the centre highlight Merry Hill’s continued strong performance and showcase its appeal as a destination where top brands thrive and commit to the long term.
Nick Round, senior asset manager at Sovereign Centros from CBRE, on behalf of Merry Hill, commented: “The retail park is a vital part of Merry Hill, offering a wider variety of shopping options and experiences from top brands, so these recent additions are a big step toward fully utilising the retail park’s potential. The work done over the last few years across the entirety of Merry Hill means we now have a comprehensive offer at the destination, with brands like Costa and Bensons for Beds aligning perfectly with our community’s needs. This effort has also been vindicated by existing tenants Matalan and B&M Bargains renewing their leases, also seeing why it’s so important to be a part of Merry Hill for the long term.”
The series of new deals at Merry Hill’s retail park follows a landmark year of growth for the centre, with 49 brands either opening, signing, or reinvesting in the destination, covering nearly 500,000sq ft.
JLL, Time Retail Partners, and Font Real Estate represent Merry Hill.
