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Queensberry signs new retailers at Friars Walk

Queensberry Real Estate has signed two new retailers at its Friars Walk scheme in Newport.

Next and Topshop have exchanged on 20,000 sq ft and 10,000 sq ft units respectively at the scheme which is due to open in autumn 2015. Both Topshop and Next have closed stores in Newport in the last two years but are now returning to the city.

Debenhams and Cineworld have already committed to Friars Walk, signing for to 91,000 sq ft and 25,000 sq ft respectively. Five of the 10 restaurants at the centre are now also under offer and three other major fashion retailers are in advanced discussion to take space.

The 390,000 sq ft scheme will include 35 retail units, 10 restaurants, 360 parking spaces and a major new bus station and interchange. Construction is due to start early next year.

Stuart Harris, head of leasing at Queensberry, said:

“Both Next and Topshop have recognised the huge potential of a rejuvenated Newport, momentum is really beginning to build now as confidence in Friars Walk and Newport grows both regionally and nationally. Newport City Council has a clear vision for the city that is based around long-term investment in public realm, new residential, leisure and office schemes all of which are fundamental to a vibrant successful city of the future.

Lord Wolfson, chief executive of Next, said, “It is both rare and refreshing to see such well thought through and ambitious regeneration plans that span commercial, residential, retail, leisure and educational developments.”

Strutt & Parker represented Queensberry Real Estate.