Trinity Leeds signs up more tenants

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The £350m Trinity Leeds retail and leisure development is close to 84 per cent let after parent company Land Securities signed up a number of new tenants including Victoria’s Secret and Urban Outfitters.

The one million sq ft site, the the only major new shopping centre under construction in the UK, is now 76 per cent pre-let with a further eight per cent in solicitors’ hands and is on schedule to open on March 21 next year.

Key tenants will include Marks & Spencer, Primark, Cult, Hollister, Next, River Island, H&M, and Topshop/Topman.

The Topshop store fronting Briggate opened last month.

Land Securities has spent £15m changing the scheme to create a new food service area and restructure an existing Boots store.

The company is keen to extend and improve the food and beverage offer in line with greater demand from shoppers for places to eat and drink.

Land Securities’ chief executive Rob Noel said: “For both retailers and consumers, the leisure and food and beverage offer in retail centres, together with convenience, continue to be important drivers of behaviour.

“As a result, retailers retain a preference for larger shopping centres and out-of-town locations. Our portfolio is positioned to take advantage of this.”

He was speaking yesterday as Land Securities announced a 10 per cent fall in underlying pre-tax profits to £143.7m for the six months to September 30.

The fall was mainly due to a reduction in rental income following disposals last year.