Redevco, the European retail real estate investment manager, commenced work on the redevelopment of the former Hanningtons department store in Brighton yesterday (Monday 6th February). The 1.3 acre site is being redeveloped into an exciting new retail and leisure destination and will be completed by mid 2018.
Andrew Foulds, Portfolio Director at Redevco comments, “We are creating a new Lane, a new entrance to the historic Lanes from North Street and are redeveloping existing buildings on North Street, to provide exciting new spaces for shops, restaurants and cafes.”
Once home to the ‘Harrods of Brighton’, the area is an important landmark between the attractions of the Lanes, North Lane, East Street, the Cultural Quarter and Brighton Beach and Pier.
The new Lane will provide contemporary spaces that retailers can’t find elsewhere, which will draw new names in and create a destination that helps support existing businesses. The Hanningtons Estate can help fill the gaps in retail provision within the city and is targeting retailers and operators that represent pioneering fashion, cutting edge art and inspiring food and produce.
For more information about Hannington Estates visit: http://www.hanningtonsestate.com/live/
Alternatively, please contact dbrady@klmretail.com or jandrews@klmretail.com
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