Waterside, Lincoln

Hark have been brought on by Tesco Pension Fund to act as Asset and Development manager on the Waterside Shopping Centre in Lincoln.

The scheme which has river frontage provides 130,000 sqft of retail space over 2 levels accommodating 27 retail shop units. Currently the centre is anchored by H&M, Topshop, Next and New Look.

Since being involved with the asset, Hark have overseen significant investment in the scheme which has turned an underperforming two level scheme, into a successful multi-anchored shopping centre with a strong fashion offer. Which now forms part of Lincoln's prime retailing offer.

As a result of the significant investment in the scheme, the centre has seen a positive trend in footfall, sales and letting activity as well as being shortlisted for the 2018 REVO Re:fresh award.

Highlights since Hark's involvement:

• Refurbishment undertaken to the entrance and lower level
• Created and opened brand new Topshop/Topman. The retailer opened a new c.11,500 sq ft store. The only new Arcadia store in 2018.
• Additional lettings to Vision Express, Sketchers and Smiggle
• The centre has seen a consistent increase in footfall week on week, anywhere between 5% to 60% increase LFL.