Redevco UK has confirmed the line-up for its retail redevelopment in Birmingham's Corporation Street, one of the city’s major shopping thoroughfares. Redevco, part of the COFRA holding, is to invest EUR 7.6 mln in the property, resulting in an end value of some EUR 36 mln.
Redevco UK has confirmed the line-up for its retail redevelopment in Birmingham's Corporation Street, one of the city’s major shopping thoroughfares. Redevco, part of the COFRA holding, is to invest EUR 7.6 mln in the property, resulting in an end value of some EUR 36 mln.
The former department store has a floor area of 7,525 m2 and will house three major retailers: fashion outlet New Look will take 3,654 m2, Mothercare will relocate to a 1,433 m2 unit, and sports retailer JJB will occupy a further 2,322 m2. 'These are important lettings for Corporation Street,' said portfolio director David Smith. 'They will hopefully generate momentum to enhance the retail offer of the street.'
Redevco is active in 20 European countries and has a 1,000-asset portfolio with an estimated value of EUR 6.9 bn. Most of its properties are retail.
