GCW has been appointed as letting agent on Old George Mall in Salisbury by Orchard Street Investment Management. It is the second time that GCW has handled the scheme and follows its successful on-going partnership with Orchard Street on the Cascades shopping centre in Portsmouth. Orchard Street acquired Old George Mall in mid-2011 for a pension fund client. It is the prime shopping centre in Salisbury with key tenants such as Top Shop, Next, Fat Face and Costa. It has been boosted by recent deals including the letting of a large 17,000 sq ft H&M store which opened this year and a 3,500 sq ft Café rouge which opened in mid-2013 on a highly prominent corner at the entrance to the shopping centre.
“We are pleased to be taking on a shopping centre that we know well and to have won the endorsement of an existing client. There is a threat of a new shopping and leisure scheme being developed in the town so we are concentrating on consolidating the very strong existing offer at Old George Mall” says GCW director Duncan Kite.“One of our first step at the centre will be to add an additional restaurant to compliment Café rouge. Salisbury has a strong and loyal catchment and an extra restaurant will help to raise dwell times” he adds.