Barberry Developments has unveiled new plans to transform part of Leicester High Street and create a three-storey 16,000 sq ft retail space, which could accommodate up to six retailers. The existing tenant, retailer Habitat has surrendered the existing lease on the building at 40-50 High Street.
A Habitat spokesperson said,
“The size of the store has always been a compromise to showcase our complete collection and we aim to continuously provide our customers with an inspiring retail experience. We have decided to take the opportunity to vacate on May 13th.”
Habitat’s move enables Barberry to bring forward their vision for the building and Barberry Director, Martyn Cartwright believes the timing is very good for their plans,
“The High Cross Shopping Centre, anchored by John Lewis, is providing a new focal point for shoppers in Leicester and the adjacent high street now offers a modern, newly pedestrianised thoroughfare. Our building is directly opposite one of the main entrances to the High Cross Centre and therefore it promises good footfall for new retailers without attracting the higher occupational and service charge costs normally associated with a shopping centre environment. By selecting high quality retailers we can add a new dimension to complement the shopping at High Cross. Leicester is now a sought after retail destination and therefore potential tenants are talking to us about the options they may have. The new refurbishment will breathe new life into the area and provide a catalyst for further investment in Leicester and enhance the retail experience for everyone. “
Letting agents for the new scheme are Atis Real and Bidwell Webber De-Pons.