Tower Ramparts Shopping Centre has signed River Island as a new tenant for 2013. The high-street fashion retailer will transform the Tavern Street entrance by occupying approximately 12,500 sq ft of retail space across two levels.
River Island have signed a 10 year lease in the scheme in the centre of Ipswich, following stiff competition from other key retail interest in the space. River Island will significantly increase its product offering in Ipswich which will include the introduction of its successful childrenswear range. Three existing units are being reconfigured to extend the retail space which is in a prime location at the front of the shopping centre. The announcement marks the start of a new chapter in the revitalisation of Tower Ramparts Shopping Centre, something LaSalle Investment Management is committed to delivering.
Gavin Ingram, Associate Director for LaSalle Investment Management said “This new letting is testament to the attraction of central Ipswich to both retailers and shoppers alike. We remain committed to working with major UK retailers to provide a diverse retail mix at Tower Ramparts and revitalise an historically successful shopping centre. As one of the leading high-street fashion retailers we are confident that River Island will be a strong attraction for the centre and will encourage shoppers back to Tower Ramparts. We are looking to announce more good news shortly.”
This is the first key letting since LaSalle Investment Management purchased the scheme in December 2011 and there is strong interest in the former Littlewoods unit. Further reconfiguration and development of the existing units will form a key part of the improvement of the shopping centre.
The agents acting on behalf of LaSalle Investment Management were GCW and Angermann Goddard & Lloyd. Agents acting on behalf of River Island were Harper Dennis Hobbs.