The Crown Estate has signed Arcadia’s Outfit concept as its first letting at Morfa Shopping Park in Swansea since it purchased the 340,000 sq ft shopping park last year.
Arcadia has agreed to take a 10,000 sq ft unit for an Outfit store, which will house the Arcadia brands Top Shop, Top Man, Miss Selfridge, Dorothy Perkins, Wallis and Burtons under one roof. Outfit joins tenants including Next, TK Maxx, Boots and New Look.
The Crown Estate bought the fully let park in 2011 for £80 million. This saw the retail element of its growing regional property portfolio taken to over £1 billion in value. Hannah Milne, Head of Retail Asset Management, Regional Portfolio, The Crown Estate, said “to have secured an Arcadia brand for Morfa Shopping Park is a coup and in line with our strategy to strengthen the tenant line up with leading brands which meet shopper demand and drive footfall to the park”.
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