Assets News

InfraRed lights up the Galleries

InfraRed Capital Partners has let 36,000 sq ft of retail space at the Galleries in Bristol.

The Broadmead-based shopping centre, owned by InfraRed since 2011 and asset managed by Hark Group, is welcoming six new retailers ready for the Christmas shopping period.

Peacocks has returned to Bristol, which it left a few years ago, and taken a long let on 9,000 sq ft on the ground floor, while the adjoining 4,000-sq ft unit has been taken by West Coast, the womenswear brand And Sports Direct-backed fashion store Pulp has opened a 2,900-sq ft unit on the top floor.

The largest letting is to Bargain Buys, owned by Poundworld, which has committed to a long lease on 16,000 sq ft anchoring the ground floor close to the centre's Broadmead entrance.

Also adjacent to the Broadmead entrance on the ground floor F. Hinds, one of Britain's largest independent jewellers, has taken a 2,000-sq ft unit. And Party Magic, a fancy dress and party accessories shop, took a 2,300-sq ft unit in September.

The six new retailers will add to the mix of 90 national, international and independent names include Argos, Bo Concept, Boots, Burger King, Game, Gap, Laura Ashley, the Post Office, Robert Dyas, Santander, Thornton's, TK Maxx, Trespass, Waterstone's, Whittards, WH Smith and 99p Stores.

Chris Huxtable, director at InfraRed said: "Our investment in The Galleries is reaping rewards and, in the face of the challenge from online retail channels, we are delighted that we can offer shoppers the benefit of an exciting tenant line up alongside ease of parking and an excellent food and beverage offer, all within the only enclosed centre in the city."