A Middlesbrough shopping centre has achieved 100% occupancy with the letting of three units to new tenants by leading independent Teesside commercial property agent, Dodds Brown.
All 20 retail units at the town’s Dundas Shopping Centre are now occupied.
This is in contrast with vacancy rates for retail units nationally and in the North-East which stand at 11.7%* and 16.4%* respectively.
The new retailers are:
• The Mattress Outlet, selling beds and mattresses, which has taken a new lease on Unit 8
• Independent, alternative clothes retailer Kindamagik which has relocated into Unit 31 from Corporation Road
• Jewellery gifts and accessories retailer Diamond Heaven which has moved from Captain Cook Square into larger premises at 43 Dundas Street, the former Early Learning Centre.
Bernie Sowa, owner of Diamond Heaven, said: “We are really excited to be relocating the business to a bigger store at Dundas Street and are looking forward to operating alongside other independent businesses as well as the national retailers.
“The larger store will allow us to offer customers a unique and luxury shopping experience with an extended gift range, new jewellery lines and accessories just in time for Christmas shopping.
Richard Wilson, senior associate partner at Dodds Brown acts as letting and managing agent for the Dundas Shopping Centre for centre owner Contract Experts.
He said: “Town Centre retail in general has had a difficult few years with a reduction in the number of requirements from national retailers.
“As a result we have focused our letting strategy on attracting good quality independent, local retailers and offering competitive lease terms and this has paid off.”
The lettings follow a £100,000 revamp last year of the Dundas Market within the Dundas Shopping Centre which saw a rebrand, new signage and a reconfiguration to create more units and improve circulation.
From its offices in Middlesbrough, Dodds Brown is an independent firm of Chartered Surveyors which offers a comprehensive commercial property service and unrivalled local market knowledge across Teesside.
*source Local Data Company.