A NEW development by Sunderland-based Gentoo has opened in Alnwick with national outlets Wilkinson and Store Twenty One taking up residence.
Letting agent for the 27,761 sq ft Gentoo Developments' scheme at the junction of Clayport Street and Lagny Streets is Mike Birkett, director of leisure and retail agency at BNP Paribas Real Estate, Newcastle, who says the opening is a landmark for the town.
“The development brings modern units that modern retailers require which they cannot get in Alnwick's historic core. By complementing the town's retail offer we improve the attractiveness of Alnwick overall, important for the town’s retail catchment population which we estimate to be some 28,000 people,” says Mr Birkett.
He added: “There is a lot of interest though. Some retailers are waiting to see how the scheme trades. We are confident that the opening for the first two outlets will be a great success and other retailers will join Wilkinson and Store Twenty One.”
Stewart Allen, managing director, Gentoo Ventures, says that Gentoo is very happy that it has been able to complete this exciting development in what are fairly difficult market conditions.
“Most importantly we are delighted with the quality of the development which sits comfortably within the busy market town and has already drawn praise from English Heritage. The healthy interest from major retailers and lettings achieved so far is extremely encouraging and demonstrates the value and demand for good quality retail space in the town.”
The development also offers 51 residential apartments consisting of a mix of one and two bed apartments over three floors with private off street parking. The apartments, which are for sale, shared ownership and rent, all have high quality kitchens and bathrooms and include fully integrated appliances. Interest in the apartments has already been very high.
Wilkinson’s took 17,253 sq ft and Store Twenty One 4,000 sq ft.