Scarborough International Properties Limited (SIPL), the UK and international real estate developer and its joint venture partner Legal & General, announce that they have signed leases with a further two retailers at The Springs the new retail and leisure destination at Thorpe Park Leeds.
The Entertainer, the largest independent toy retailer in the UK, has signed a 10 year lease for 3,750 sq ft and Krispy Kreme, a premium doughnut and coffee retailer, has also signed a 10 year lease, for a 750 sq ft unit.
These new retailers will join a range of big brands including Nando’s, M&S, Next, Boots, TK Maxx, H&M, Outfit and Pure Gym which have opened at The Springs over the past three months. They will be joined by a 44,000 sq ft, 10-screen ODEON offering state of the art screen and audio technology and luxury seating, which is due to open in April. Further high street leisure and retail occupiers are due to be announced over the coming weeks.
Thorpe Park Leeds is an established business location with 800,000 sq ft of development built and occupied to date, including 600,000 sq ft of offices. A unique £162 million investment deal with Legal & General Capital in 2015 secured a transformational 1.35 million sq ft mixed-use expansion, bringing forward exceptional new business opportunities to the Leeds City Region.
Phase two includes the 350,000 sq ft retail and leisure park as well as a further 900,000 sq ft of Grade A office accommodation, 300 new residential homes by Redrow and a 113-acre public park with sports facilities.
Phase two also includes delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1, opening in the first week in April. This road will unlock land for the construction of up to 7,000 new homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’ land.
The award-winning development has dedicated access to Junction 46 of the M1 and has been chosen for the new railway station, ‘East Leeds Parkway’ and associated Park and Ride, connecting Thorpe Park Leeds directly to Leeds city centre in eight minutes. This forms part of a £270 million infrastructure investment into Leeds by the Department of Transport.