River Island Signs To Boost Fashion Offer At Bon Accord & St Nicholas.

River Island At Bon Accord & St Nicholas

River Island has signed to become the latest retailer to take a flagship store in Bon Accord & St. Nicholas - Aberdeen’s prime and established shopping centres. The deal makes River Island the sixth major fashion brand to commit to the scheme within as many months, following recent deals with Arcadia and the Mosaic Group. River Island has signed a 15-year lease, and will open its new store this Summer.

The deal will create a new 11,180 sq ft store for River Island, offering the retailer’s full range of womens and menswear, as well as accessories. River Island will trade from a new, prime location in Bon Accord’s central atrium, alongside new stores from Topshop Topman, Karen Millen, Warehouse, Oasis and Coast – all to open by Summer 2009, coinciding with the completion of a refurbishment of the central atrium in May 2009, and the opening of the newly constructed 54,000 sq ft Next large-format store in June.

Bon Accord & St Nicholas are owned by a joint venture partnership between landlords Land Securities and British Land. On behalf of the Partnership, Katherine Armstead commented, “This new River Island deal is further evidence that Bon Accord & St Nicholas have the critical mass of major national fashion brands to serve the city, and still has additional scope to sign more successful names. Coupled with the recent Arcadia and Mosaic Group signings, it clearly demonstrates retailer confidence in the centres, and our ability to meet the requirements of headline fashion brands. Bon Accord & St Nicholas are setting the standard for national and international fashion brands in Aberdeen, and strengthens our position as prime pitch shopping in the city”.

Frances Baker, Property Director at River Island, added that the retailer was “very pleased to be taking a larger store in Aberdeen”.

Bon Accord & St Nicholas are the dominant schemes in the region and one of Scotland’s busiest shopping locations. Trading performance in the centres continue to be strong with retailers reporting their stores rank amongst the most profitable portfolios, benefiting from the City’s strong oil-based economy.

ST NICHOLAS REFURBISHMENT
Good progress has already been made upgrading the St Nicholas mall - which is home to the scheme’s 110,000 sq ft Marks and Spencer store – towards completion in March. The £2m refurbishment programme includes new lighting, ceiling, fixtures, fittings, as well as new doors and light-box signage at either end of the mall, and the Mall has traded throughout with no disruption to stores.

Representing Land Securities and British Land, Eric Young & Co., FG Burnett and Cushman & Wakefield are joint retail agents at the scheme. River Island represented themselves.


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