The Riverwalk reaches full occupancy
Scandinavian homeware brand Søstrene Grene has agreed a 10-year lease on a 4,445 sq ft unit at the retail and leisure destination in Durham.
The retailer will occupy 3,000 sq ft of trading space overlooking the River Wear, adding its range of Scandinavian-inspired homewares, interiors, crafts, seasonal products, and children’s items to the scheme.
The letting follows recent deals with independent gift retailer McGrace and family-friendly Italian restaurant Sambuca, completing the occupancy of the centre.
McGrace has taken a 10-year lease for a store specialising in bath bombs and candles, while Sambuca has opened a restaurant of around 2,500 sq ft.
The Riverwalk is a 250,000 sq ft retail and leisure scheme close to Durham’s historic city centre. Clearbell Property has owned and managed the centre since acquiring it in 2014. The wider site also includes 253 student accommodation units.
Toby Saul, investment director at Clearbell Capital, said: “Søstrene Grene has built a strong reputation for its distinctive retail experience and is a fantastic addition to our occupier mix, further strengthening the destination for both visitors and the wider city.
“This letting is another example of how active asset management can create lasting value, ensuring destinations continue to evolve in line with occupier demand – all the while delivering an experience that will keep visitors returning time and again.”
Mikkel Grene, group chief executive and co-owner of Søstrene Grene, said: “As we continue our UK expansion, The Riverwalk felt like the perfect place to open our newest North East location. We’re looking forward to opening the doors to our new Durham store and introducing even more customers to our unique shopping experience.”
