Thursday, April 14, 2011

News: Dreams take space at Cortonwood


Dreams, the UK's leading bed retailer has signed up for a 10,000sq ft unit at Cortonwood Retail Park in the Dearne Valley, Rotherham.

The second pre-let, alongside Irish toy retailer, Smyths, comes at the same time as the announcement that Sheffield's JF Finnegan has been appointed by St Paul's Developments to construct the 32,500sq ft of new retail space on the park.

Represented by scheme agents BNP Paribas and King Sturge, St Paul's Developments has leased a 10,000sq ft unit to Dreams, who was represented by Wilkinson Williams. With 264 stores nationwide and employing close to 2,000 people, the retailer expanded its network of bed superstores in 2010 creating some 500 jobs across the country which has reinforced its position as one of the fastest growing retailers in the UK.

Dream's currently operates a store at the Foundry Retail Park at Parkgate in Rotherham.

Smyths Toys Superstores, represented by Thompson Heaney, has also signed a pre-let for a 15,000sq ft unit. Voted Toy Retailer of the Year this year, they operate across the UK and Ireland and at present have 49 stores with further expansion plans. As a leading provider of children's entertainment products, the company's goal is to provide consumers with an extensive range of toys, video games and outdoor products at competitive prices.

JF Finnegan will start on the development in May, which also includes a further 7,500 sq ft retail unit, and completion is set for November.

David Elliott, joint managing director of St Paul's Developments, said: "We are delighted to have secured additional high-profile retailers to our first class tenant mix at Cortonwood and to be progressing with the fourth phase of works.

"JF Finnegan has played an integral role in the delivery of the scheme so it is entirely fitting that they continue to work with us to facilitate the new retail units."

Gary Smith, director at JF Finnegan, added: "We have witnessed Cortonwood go from strength to strength over the years and the former colliery site has truly been transformed into one of the region's most acclaimed regeneration projects and shopping destinations.

"The site succeeds in attracting new occupiers and, in turn, contributing to the local economy and we are proud of our continued involvement with both the Retail Park and St Paul's Developments."

JF Finnegan constructed all 250,000sq ft of retail units in the previous phases over the last 20 years. Occupiers at Cortonwood include B&Q, Morrisons, Next, Argos, McDonalds and Boots.

Cortonwood retail park website
St Paul's Developments website
JF Finnegan website

Images: JF Finnegan


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