Cribbs Mall lettings underline successful year for key Bristol location

By

Nigel TAYLOR

Published
Dec 20, 2023

Shopping centre success can be measured in multiple ways, such as compelling retail arrivals, renewed leases and increased footfall. And Cribbs Mall on the outskirts of Bristol has been successful on all fronts. 

Ending 2023 with an 99.7% level of occupancy, joint asset managers M&G Real Estate and Pradera Lateral saw 36 leasing transactions adding up to 110,663 sq ft concluded this year.

New lettings included Victoria’s Secret, Mango and Charles Tyrwhitt over the past 12 months. 

Meanwhile, 28 retailers renewed their leases, including Fat Face and Boots, while Phase Eight has expanded its presence, signing a new five-year lease for a larger 4,146 sq ft unit that will open early in 2024. 

Also, footfall at Cribbs Mall was 8% higher than the previous year, with the operators citing a strong line-up of brands including John Lewis, M&S, JD Sports, Next, Mango, River Island and the Apple Store, as well as those new arrivals.

Cribbs Mall also noted the success of its growing list of jewellery and gift operators, including F Hinds, Clogau, Beaverbrooks and Breitling.

Scott Linard, Portfolio Director at M&G Real Estate, said: “As we move into the New Year, we are already talking to several retailers who are keen to benefit from the strong footfall which Cribbs Mall is experiencing. It is certainly an exciting time for Cribbs Mall – and the wider Cribbs Causeway area – which is continuing to grow.

James Osbaldeston, Asset Manager at Pradera Lateral, added: “It has been particularly pleasing to see so many of our popular retailers commit their futures to Cribbs Mall. We look forward to working with our existing and future operators to ensure [it] continues to provide an environment which supports their needs and ensures they continue to trade successfully.”