Latest news with #SovereignCentros
Fashion Network
2 days ago
- Business
- Fashion Network
Merry Hill mall enjoys record-breaking first-half footfall
It's been a good year so far for Merry Hill so far and helping the West Midlands mall maintain its position 'as one of the UK's top 10 super-regional destinations', is record footfall, reporting a 5.6% year-on-year increase for the first half of 2025. The momentum continued in June as the centre also experienced a 3.7% uplift compared to the same month last year, as it continued a 12-month rolling increase of 3.3%. 'This growth across the destination significantly outperforms the super regional benchmark', which up until the end of May was tracking at +2.6%, as measured by Savills, operator Sovereign Centros from CBRE said. What's more, the centre 'is now on track to exceed 15.5 million visitors in 2025, following a year of major investment and proactive asset management', it added. The centre, which features more than 175 brands, has also benefitted from further investment from anchor tenants including H&M, and M&S for its newest store concept, alongside the England debut of Australia-based international retailer Harvey Norman. The operator noted the positive trajectory was also boosted by several high-profile leisure attractions, including Hollywood Bowl and XF Gym. Alistair Winning, asset manager at Sovereign Centros from CBRE, added: "From a leasing and asset management perspective, the first half of this year has been a reflection of the transformation Merry Hill has undergone over the last few years. We're seeing tremendous confidence from both new and existing tenants. This wave of investment, driven by our proactive asset management strategy, is creating a truly compelling destination that keeps visitors coming back time and time again, solidifying our position as one of the UK's top super regional destinations.'
Fashion Network
2 days ago
- Business
- Fashion Network
Merry Hill mall enjoys record-breaking first-half footfall
It's been a good year so far for Merry Hill so far and helping the West Midlands mall maintain its position 'as one of the UK's top 10 super-regional destinations', is record footfall, reporting a 5.6% year-on-year increase for the first half of 2025. The momentum continued in June as the centre also experienced a 3.7% uplift compared to the same month last year, as it continued a 12-month rolling increase of 3.3%. 'This growth across the destination significantly outperforms the super regional benchmark', which up until the end of May was tracking at +2.6%, as measured by Savills, operator Sovereign Centros from CBRE said. What's more, the centre 'is now on track to exceed 15.5 million visitors in 2025, following a year of major investment and proactive asset management', it added. The centre, which features more than 175 brands, has also benefitted from further investment from anchor tenants including H&M, and M&S for its newest store concept, alongside the England debut of Australia-based international retailer Harvey Norman. The operator noted the positive trajectory was also boosted by several high-profile leisure attractions, including Hollywood Bowl and XF Gym. Alistair Winning, asset manager at Sovereign Centros from CBRE, added: "From a leasing and asset management perspective, the first half of this year has been a reflection of the transformation Merry Hill has undergone over the last few years. We're seeing tremendous confidence from both new and existing tenants. This wave of investment, driven by our proactive asset management strategy, is creating a truly compelling destination that keeps visitors coming back time and time again, solidifying our position as one of the UK's top super regional destinations.'
Fashion Network
2 days ago
- Business
- Fashion Network
Merry Hill mall enjoys record-breaking first-half footfall
It's been a good year so far for Merry Hill so far and helping the West Midlands mall maintain its position 'as one of the UK's top 10 super-regional destinations', is record footfall, reporting a 5.6% year-on-year increase for the first half of 2025. The momentum continued in June as the centre also experienced a 3.7% uplift compared to the same month last year, as it continued a 12-month rolling increase of 3.3%. 'This growth across the destination significantly outperforms the super regional benchmark', which up until the end of May was tracking at +2.6%, as measured by Savills, operator Sovereign Centros from CBRE said. What's more, the centre 'is now on track to exceed 15.5 million visitors in 2025, following a year of major investment and proactive asset management', it added. The centre, which features more than 175 brands, has also benefitted from further investment from anchor tenants including H&M, and M&S for its newest store concept, alongside the England debut of Australia-based international retailer Harvey Norman. The operator noted the positive trajectory was also boosted by several high-profile leisure attractions, including Hollywood Bowl and XF Gym. Alistair Winning, asset manager at Sovereign Centros from CBRE, added: "From a leasing and asset management perspective, the first half of this year has been a reflection of the transformation Merry Hill has undergone over the last few years. We're seeing tremendous confidence from both new and existing tenants. This wave of investment, driven by our proactive asset management strategy, is creating a truly compelling destination that keeps visitors coming back time and time again, solidifying our position as one of the UK's top super regional destinations.'
