National developer St. Modwen is celebrating the completion of the latest development at the popular Shopping Village at The Trentham Estate, Stoke-on-Trent, with all 26 newly-built units fully let.
The additional 21,900 sq ft of shopping space, which St. Modwen committed to last October as a speculative scheme, was fully let on completion. Adding a further 16% in retail space, the total floor area of the garden centre, shops, cafés and restaurants is now almost 161,000 sq ft.
A total of 80 tenants now occupy the Shopping Village at The Trentham Estate, with 18 new tenants filling the 26 new units, some taking double units, culminating in a gross additional rental income of over £500,000 pa and increasing the capital value of the Estate by nearly £7m.
The whole 725-acre site attracts more than 3.25 million visits every year and supports over 700 jobs, with scores more being created. The Trentham Estate is also home to the renowned Trentham Gardens, one of the top 5 most visited paid entry gardens in the UK.
Mike Herbert, Regional Director at St. Modwen, said: “St. Modwen’s philosophy has always been to have a mix of national and local retailers at Trentham in order to create a highly successful shopping destination that is attractive to everyone who visits.
“This has continued with the latest phase as national retailers including ProCook, Pavers Shoes, Regatta and Cotton Traders occupy the new units, as well as local businesses RAWR Juice Bar, Milly and Roses, and local restaurant and catering specialists Totally Delicious, who are due to open soon.
“The Trentham Estate and the Gardens are a jewel in our crown of major developments across the country and they have won many accolades, including VisitEngland’s coveted Gold Accolade for the last two years.”
The Shopping Village has traded successfully since the garden centre and first phase of shops were launched in 2004, including virtually nil vacant units during the recession; proof of its success.
Since 2003 the award-winning £100 million restoration and regeneration of The Trentham Estate has resulted in the creation of one of the highest profile and widely acclaimed garden based restoration projects in the UK – complemented by the successful garden centre, shops, cafes and restaurants, and a Premier Inn hotel.