Expanding retailer Lakeland has pulled out of Newcastle’s Eldon Garden and signed a 10 year lease for a 4,400sq ft store in adjoining Intu Eldon Square, whose annual footfall now touches 36m a year.
Eldon Square is currently getting a £22m mall refurbishment and has planning permission for a new dining quarter. Lakeland’s move was advised by Lunson Mitchenall and Sanderson Weatherall. Lakeland was advised by Harmer Ray Hoffbrand.
Tenants still in Eldon Garden are complaining that traffic arrangements outside are harming footfall. Newcastle City Council, which has a share in the centre owned by Peer Group, says there will be a review of road layouts soon. Meanwhile parking charges have been reduced.
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