Columbia Threadneedle signs new retailers for Yorkshire’s Parkgate

Columbia Threadneedle Investments has leased a combined 16,000 sq ft to three retailers at Parkgate Shopping Park in Rotherham, South Yorkshire. Superdrug will be upsizing to 10,000 sq ft at the retail park, doubling the size of its previous store, while Starbucks will occupy 2,000 sq ft. Footwear brand Pavers will take up to 4,000 sq ft on a five-year lease. The retailer has more than 150 stores in the UK. The 577,837 sq ft retail park is one of the UK’s largest, with tenants including Popeyes, TK Maxx, Poundland, Sports Direct, H&M, Argos and New Look. Columbia Threadneedle acquired it in January from Capreon for £60m. Tom Hatfield, asset manager at Columbia Threadneedle Real Estate, said: “In the two quarters since our acquisition of Parkgate, we have continued to diversify our retail offering for shoppers. Building on Columbia Threadneedle’s extensive experience within the retail park sector, Parkgate has welcomed eight new tenants and secured a key lease renewal – equating to more than 94,000 sq ft of committed space – in just seven months.” Curson Sowerby Partners and Morgan Williams are leasing agents for Parkgate. View market analytics for Rotherham >> Photo © Columbia Threadneedle