The Crown Estates has acquired three further phases of Rushden Lakes shopping complex in Northamptonshire from LXB Retail Properties Plc, the specialist retail developer.
The deal brings Crown Estates an additional 215,000 sq ft of space at the ground-breaking retail and leisure destination. Delivered over three additional phases of development, this will bring the total size of Rushden Lakes to more than 445,000 sq ft. LXB is already on site with the future phases, with stores expected to start opening in 2019.
Phase two will see the creation of a new leisure development, offering more than 150,000 sq ft of space, and is comprised of 11 restaurants, a 14-screen multiplex cinema from Cineworld, and five leisure units with Rock Up, the climbing and adventure centre, the latest to confirm its space.
In phases three and four an additional 65,000 sq ft of retail space will be added across two developments, within which Wren Kitchens has confirmed a new 12,000 sq ft store. Additional new stores confirmed for phase one of Rushden Lakes include Jack Wills, Superdry and Card Factory.
Once all phases are delivered, Rushden Lakes will be home to over 40 retail units, 18 restaurants, five leisure providers, a 14-screen cinema, a boathouse and The Nene Wetlands Visitor Centre. The total parking provision will increase to more than 1,900 spaces when all phases are complete.
Since the first phase of Rushden Lakes launched in late July 2017, it has delivered fantastic success for its retailers and leisure providers. Thousands of visitors have flocked to the centre as it continues to be the destination of choice for shoppers in Northamptonshire and across the region.
Hannah Milne, Director of Regional Retail at The Crown Estate, said, “Rushden Lakes is the first destination of its kind. This innovative new centre has proven incredibly popular with shoppers and we are delighted to be furthering our investment. Future phases of Rushden Lakes will continue to transform customer and shopper expectations, and set the standard for other destinations to aspire to.”