Next Opens at Redeveloped Cascades, Portsmouth
22 November 2007
Orchard Street Investment Management LLP is pleased to announce a further significant opening in the newly redeveloped 250,000 ft² Cascades Shopping Centre in Portsmouth.
The new 24,000 ft² Next store was officially unveiled on 22 November. The launch follows on from the opening of the new 42,000 ft² TK Maxx unit which commenced trading last month and other recent lettings signed by Orchard Street, including Dorothy Perkins, Bhs, Evans, JJB Sports, Subway and O’Briens.
The centre is also home to Marks & Spencer, Primark, H&M and Accessorize, amongst others. With the arrival of Next and further contracted retailers opening shortly, Cascades Shopping Centre is now 90% let.
Gary Felce, of Orchard Street said:
“Next is a great addition to an already strong retail line up at Cascades. Combined with the stunning new mall and new food gallery, Cascades will provide Portsmouth’s top shopping destination.”
Colliers CRE acted for Orchard Street and is the retained letting agent for the scheme.
END
For more information:
Dido Laurimore/ Talia Shirion
FTI Consulting
+44 (0)20 3727 1000
osim [at] fticonsulting.com
Notes to Editors:
Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market with £4.2 billion of AUM (as at 30 June 2022). It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial warehouses, retail warehouses, and offices.