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Success at Swan Walk, Horsham

Corporate, Property

As we approach the milestone of 18 months of ownership at Swan Walk shopping centre in Horsham, we are reflecting on the successes of our active asset management, including centre improvements and increased leasing activity, at the 300,000 sq ft scheme.

We have completed 17 deals to date, with:

  • Four new leases signed to new occupiers
  • Eight lease renewals completed with existing tenants
  • Five licenses signed to pop ups/seasonal operators
  • Significant capital investment committed to infrastructure, including our RAAC remediation project of which we are currently over half way through and set to complete on time and on budget.

The new retailers joining the popular centre are Best Biltong, Hotters Shoes, Peony and The Horsham Club snooker hall, with Pandora Jewellery, Fat Face, Jones The Bootmakers, Superdrug, iCrack and Happy Scamps signing new leases.

Nicole van Zyl, Asset Management Director at Cube, says: “Swan Walk has been trading for 50 years and is a vital part of Horsham Town Centre. Upon acquisition, we wanted to celebrate the heritage of the centre while breathing new life into the town, and 18 months on we are delighted with the successes achieved, having regularised leases and welcoming many new occupiers in keeping with our ethos to provide a mix of local businesses and independents with household name retailers”

“As well as boosting the centre’s offer for shoppers and helping to increase footfall, these new occupiers are bringing many new jobs to the area.”

Swan Walk is anchored by Marks & Spencer, Next, Boots, and H&M, along with a variety of other retail operators, including WH Smith, Sports Direct and Fat Face. The centre also houses c. 26,000 sq ft of office space which, following refurbishment, much of which is now occupied by Horsham District Council who moved in this year.

The centre was acquired and is managed by CUBE RE (Cube) acting on behalf of Hathaway Opportunity Fund (HOF). Savills and Crickmay are retained as letting agents for Swan Walk, with Tandem Property as Managing Agent for the centre.

 

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