The Lexicon in Bracknell to welcome big names with footfall up 20 per cent
Bracknell shopping centre The Lexicon will soon be home to three new occupiers after footfall rose 19.7 per cent last year, with spending following suit.
The new tenants have signed leases for a combined 6,600 sq ft of space, including 3,400 sq ft for bar and cafes chain Lounges.
They’ll be joined by Amorino, a gelato and dessert brand with stores in London, Paris, Rome and Qatar, as well as ProCook, a specialist kitchen and dining ware business.
Beaverbrooks is also in the process of upsizing its presence at The Lexicon to occupy a 3,350 sq ft flagship store on The Avenue.
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These new arrivals follow a busy year of openings for the centre, as 2023 saw them welcome Giggling Squid, Søstrene Grene, Robert Dyas, Five Guys, ChopStix, German Doner Kebab and Tortilla.
Together with existing outlets they managed to bring more than 13.6 million visitors to The Lexicon throughout the year, with 1.6 million of those in December alone.
Retailers also reported turnover figures up 24 per cent on 2022 – particularly those in larger units, some of which celebrated their best results since opening.
Rob Morris, general manager of The Lexicon, said: “We’re delighted that The Lexicon’s diverse range of retail, leisure, and dining operators, supported by our award-winning events programme, has resulted in impressive footfall across 2023.
“It’s been great seeing new visitors, young and old, coming to the centre this year, and we hope to build on this success in 2024 with the arrival of more new retailers and further events throughout the next 12 months.”
The centre is a joint venture partnership between Legal & General and Schroder UK Real Estate Fund.
Tom Woolven, Asset Manager for Schroders Capital’s real estate team, added: “While the national retail sector has faced a tough 2023, The Lexicon’s strong footfall growth, increased consumer spending, and recent leasing activity demonstrates the value in using active asset management to build a strong portfolio of retailers and brands.
“The Lexicon is a thriving retail scheme, benefiting from a safe, attractive retail environment for shoppers and retailers alike.
“We’re confident that this growth will continue in 2024, and we’re excited to already be welcoming even more occupiers to the centre and look forward to sharing news of more big-name arrivals over the coming weeks.”
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