Barberry Group have let a total of 7,500 sq ft at 40-50 High Street, Leicester to The Outdoor Group, trading as Blacks, following the departure of Habitat from the retail space.
The property is a modern purpose built retail unit spread over three floors, with the unit formerly occupied by Habitat now split into four units. This decision has attracted Blacks to the largest of the units, which includes 2,700 sq ft on the ground floor and 4,800 sq ft on the first floor.
40-50 High Street is opposite the recently completed Highcross Shopping centre anchored by retail giant John Lewis. Following its pedestrianisation the High Street has been transformed and now forms an integral link between Highcross and Humberstone Gate.
This is a huge boost to the area as Leicester is the largest and most dominant economy within the East Midlands, with an urban population of 330,574 and a district population of 758,148 within a 12-mile radius of the city centre. The new Blacks store will act as a destination store in an enviable position on the high street opposite one of the principal entrances to Highcross.
Work on site has recently been completed, and Blacks are now trading on the ground and first floors under a ten-year lease.
Martyn Cartwright, Director at Barberry added:
“40-50 High Street is a prime retail unit in a superb location in Leicester, and we are thrilled to have attracted such a high calibre occupier into one of the units. We chose to split the retail space up into units following the departure of Habitat as the occupational market is currently stronger for smaller units, and this decision has clearly paid off with the letting to Blacks.”
Two further ground floor units are available within the development, totalling 1,000 sq ft and 1,500 sq ft respectively. The self-contained third floor offers a further 5,500 sq ft of accommodation.