Tesco Snaps up First New Retail Space in Hastings’ Priory Quarter Business District
Posted on November 12, 2008
Tesco has signed up to lease the first retail space to become available in Priory Quarter – the rapidly emerging new commercial district in Hastings town centre.
The supermarket chain has reached an agreement with Coastal Land LLP (a joint venture between economic development company Sea Space and The Land Group), to lease a 4,530 sq ft unit within the new Lacuna Place office and retail development. This will be for a Tesco Express outlet – the company’s convenience food store, focusing on quality, service and value. The supermarket will be fitting out the shop straight away and aims to open its doors in the spring.
A few metres away, further retail premises are now available in the form of a 3,143 sq ft café/restaurant unit with an outdoor seating area. This space fronts Havelock Road – the main route from Hastings’ rail station to the seafront – a new walkway and the forthcoming Priory Square.
Both retail units will benefit from the vibrant business and education community being created in Priory Quarter. Lacuna Place, having been completed in September, provides 31,398 sq ft of grade A office space for up to 210 workers. One 8,186 sq ft floor of offices is already under offer.
The adjoining One Priory Square, currently under construction, will bring a further 46,000 sq ft of offices, capable of accommodating up to 280 workers, when completed in early 2009.
The retail units also stand opposite University Centre Hastings, which plans to extend its premises significantly to grow student numbers from today’s 700 to 2,000 by 2012. In addition, the new, state-of-the-art South Coast College is being built just metres away for a further 2,000 students by September 2009.
In total, Priory Quarter aims ultimately to create 338,000 sq ft of offices, 58,000 sq ft of retail space, an expanded University Centre, a multi-storey car park and a multi-screen cinema. Carol Leslie, Property Communications Manager from Tesco, comments: “This is an excellent location. We look forward to serving local people and becoming part of this exciting development.”
Keith Sadler, Deputy Director at Sea Space, remarks: “It’s a great coup to get Tesco on board as our first new business within Priory Quarter. As a blue-chip retailer, Tesco fits extremely well with the calibre of commercial district we’re creating. We believe Tesco will benefit greatly from the new businesses and students coming into the area and be a good complementary fit with the café/restaurant available just a stone’s throw away.”