New Look for Hammersmith as SREF signs slew of deals

Schroder UK Real Estate Fund (SREF) has signed New Look as the anchor tenant for its redevelopment of the Kings Mall Shopping Centre in Hammersmith.

The fashion retailer has signed a 10-year lease on a 10,000 sq ft unit at the centre, taking the place of two existing units that previously housed clothing retailer River Island and coffee chain Starbucks. The new store will open around Christmas.

SREF has also signed a deal to bring gym chain Frame to the Kings Mall on a 15-year lease. Frame has four sites in London - in Shoreditch, Queen’s Park, Victoria and King’s Cross.

It will take a 5,315 sq ft unit across two basement levels, which will include a café and a shop selling fitness wear and accessories.

Ongoing enhancement strategy

In addition, Italian cosmetics retailer KIKO Milano has signed up for a 2,905 sq ft unit on a 10-year lease at the mall.

“At the forefront of our ongoing enhancement strategy across our Kings Mall estate is the goal of creating a scheme that encourages people to live, work and play in the area, enjoying the unique lifestyle, retail and leisure brands available to them,” said Harry Pickering, investment manager at SREF.

SREF acquired the 340,000 sq ft Kings Mall from the Matterhorn Palos Partnership for £153m in 2015 as part of a portfolio of assets in Hammersmith.

It has since invested £10m in refurbishing the shopping centre.

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