Two for Serpentine Green extension
Published: 01 November, 2016
British Land makes room for Next and M&S Foodhall at Peterborough centre
British Land has announced two lettings at Serpentine Green, Peterborough totalling as part of a £7 million extension. Fashion retailer Next will move from its current unit to a newly constructed 10,000-sq ft store on a 10 year lease. The new space is due for completion in summer 2017 and will be situated at the front of the scheme. M&S Foodhall will move into Next’s former unit which is to be extended.
The extension marks the first stage in the asset’s repositioning since British Land took full ownership of the scheme. It is also the first major redevelopment at the centre since it was built in 1998.
Adam Poole, asset manager for British Land, said: “The extension marks an important next phase for Serpentine Green as we strive to develop destinations of choice which serve a range of shopper missions. The development will deliver an enhanced line-up to enable the centre to continue to meet the changing needs of the modern consumer both today and in the future.”
Serpentine Green provides 320,000 sq ft of retail and food and beverage space and attracts more than 5.5 million visitors per year. Retailers include River Island, Clarks, Next, Boots, H&M, Outfit, New Look, Next and a 130,000-sq ft Tesco Extra store.