GCW has helped client London & Associated Properties secure a 5,500 sq ft food hall at Sheffield shopping centre Orchard Square. The move marks the latest stage in an ambitious asset management programme to broaden the centre’s appeal and drive value through a greater mix of uses.
The city centre’s newest food hall, Sheffield Plate opened for business this summer, transforming former retail space in the 140,000 sq ft shopping centre into a vibrant F&B destination. The new venue incorporates five independent street food traders, two bars, live music, foodie events and entertainment across two floors.
GCW has worked with London & Associated Properties for more than 20 years and has been instrumental in maximising the value of its key Sheffield asset. Orchard Square acts as a thoroughfare between the prime pitch of Fargate and Church Street and is home to retailers including TK Maxx, Fat Face, and Waterstones. GCW identified a need for the centre to evolve by becoming less reliant on fashion and diversifying its tenant mix.
GCW set about improving Orchard Square’s F&B offer by agreeing lettings to local independent restaurant brands Mac Pot and Terrace Goods. The team then helped facilitate a management agreement with Market Asset Management to deliver the Sheffield Plate food hall.
GCW associate director, Phil Fishwick, said: “The opening of the new food hall demonstrates just what we can achieve when we help clients look beyond retail leasing to identify new avenues for growth. The destination will help the shopping centre respond to the changing demands of its catchment, whilst driving footfall into the evening.”