Cribbs Mall in Bristol has had a highly successful year, with a range of achievements to showcase. Joint asset managers M&G Real Estate and Pradera Lateral have managed to maintain an impressive occupancy level of 99.7%, thanks to 36 leasing transactions covering a total area of 110,663 square feet. Notable new additions to the mall’s retail offerings include popular brands such as Victoria’s Secret, Mango, and Charles Tyrwhitt.
Moreover, 28 retailers have decided to renew their leases, demonstrating their satisfaction with the mall. Renowned brands like Fat Face and Boots have committed to staying, and Phase Eight is even expanding its presence by signing a new five-year lease for a larger unit of 4,146 square feet, set to open in early 2024. These lease renewals and expansions contribute significantly to the overall success of Cribbs Mall.
Furthermore, foot traffic at Cribbs Mall has experienced an impressive 8% increase compared to the previous year. This can be attributed to the presence of well-known brands such as John Lewis, M&S, JD Sports, Next, Mango, River Island, and the Apple Store. These retailers, along with the newly arrived brands, continue to attract customers and contribute to the overall prosperity of the mall.
Cribbs Mall also takes pride in its thriving jewelry and gift sector. Operators like F Hinds, Clogau, Beaverbrooks, and Breitling have all found success in this location. Their presence adds to the diversity and appeal of the mall.
Looking ahead to the upcoming year, Scott Linard, Portfolio Director at M&G Real Estate, reveals that they are already in discussions with several retailers who are eager to benefit from the strong footfall experienced at Cribbs Mall. The future looks promising for both Cribbs Mall and the wider Cribbs Causeway area, which continue to grow and flourish.
James Osbaldeston, Asset Manager at Pradera Lateral, expresses his satisfaction with the commitment shown by popular retailers to Cribbs Mall. He looks forward to collaborating with both current and future operators to ensure that Cribbs Mall continues to provide an environment that supports their needs and guarantees their ongoing success.
Overall, Cribbs Mall has had a highly successful year, with new additions, lease renewals, increased footfall, and a thriving jewelry and gift sector. The combined efforts of M&G Real Estate and Pradera Lateral have resulted in a vibrant and prosperous shopping center. With plans for further growth and a strong lineup of retailers, Cribbs Mall is well-positioned for continued success in the future.
For more information about Cribbs Mall and its offerings, please visit their website here.
To learn more about the joint asset managers M&G Real Estate and Pradera Lateral, please visit their respective websites here and here.
