Find out the latest big names to sign up for Rushden Lakes
More major retailers have signed up for the multi-million pound Rushden Lakes development.
An update from LXB, the developers behind the retail and leisure scheme, said that good progress is being made on the complex being built on the former Skew Bridge site just off the A45 at Rushden.
And more big names for the scheme have been revealed in the developer’s latest update on its investment portfolio, including River Island, New Look, Schuh and Fat Face coming to Rushden Lakes.
They will join a host of other brands who have already signed up, including Marks and Spencer, House of Fraser, H&M and Primark.
The update from LXB this week said: “The group’s plans to increase the leisure offer at Rushden Lakes received a significant boost on 20 April 2016 when the local planning committee unanimously supported the group’s proposals for a
new leisure offer at Rushden Lakes which includes an 11-screen cinema complex which is pre-let to Cineworld.
“As shareholders are aware, completion of the sale of Rushden Lakes to The Crown Estate is conditional on the satisfaction of a number of criteria concerned with securing the build contract and highways agreements and a target number of pre-lets. “The build contract and highways agreement are both now in agreed form and contracts will be exchanged shortly.
“The 2015 annual report which was released in December 2015 indicated that a large number of potential pre-lets were under discussion or in solicitors’ hands and, since then, pre-lets have been agreed with a number of retailers including Paperchase, River Island, New Look, Schuh, Moss Bros, Fat Face and Holland and Barrett and solicitors are instructed in connection with a number of other potential tenancies.
“The group also expects to instruct solicitors shortly in connection with pre-lets to three other leading retailers.
“The group anticipates that the remaining pre-conditions will be satisfied so that the sale to The Crown Estate may complete in the near future.
“The group will make a further announcement on completion which will include details of a proposed return of capital to shareholders.”
The first phase of the Rushden Lakes scheme is due to open next Spring.