The £85 million Parkgate shopping development in Solihull is now fully let following a series of deals with retailers, chartered surveyors Johnson Fellows have announced.
The Birmingham-based retail specialists were appointed by landlords Helical Retail and Coltham Developments to secure occupiers for vacant units at the 195,000 sq ft scheme in Stratford Road, Shirley.
The shop units, which are now all occupied, sit alongside an Asda superstore and 500-space car park. Recent deals include letting circa 10,000 sqft to discount retailer B&M, and other units to Coffee One and Barnardo’s. The final unit has been let to a local independent barber.
Chris Gaskell, retail agency partner at Johnson Fellows, said: “We have a great track record of working alongside Asda and attracting retail occupiers to sites where they are the anchor tenant. It’s great to see that Parkgate is thriving and is able to attract national retailers as well as small independent operators, providing shoppers with an exciting mix of stores and facilities.”
He added: “Retailers are attracted by the fact that there is a major Asda superstore with high footfall right next door, along with free parking for three hours. There are also some great occupiers at Parkgate, including Prezzo, Store Twenty One, Starbucks, Ponden Home, Pizza Express, Greggs, Peacocks, and Poundland.”
Johnson Fellows are joint agents at Parkgate with Cushman & Wakefield.