TK Maxx and Sports Direct sign to Join The Mall Walthamstow
First Phase of The Mall Walthamstow sees TK Maxx and Sports Direct sign for anchor stores.
Capital & Regional has announced that TK Maxx has taken a 26,000 sq ft anchor store in The Mall Walthamstow and Sports Direct has agreed to take a new 9,000 sq ft unit. The news follows the appointment of Stanton Construction which secured a £2.3 million contract to carry out the shopping centre's refurbishment. This marks the first step in longer-term plans for The Mall, as Capital & Regional explores the delivery of an 80,000 sq ft extension complemented by the creation of residential units.
Discount designer brand TK Maxx has agreed to take space over two floors, whilst Sports Direct's new store will see the amalgamation and extension of two vacant units to create 9,000 sq ft. The deals are testament to demand in the North East London town which has quickly emerged as one of the Capital's up-and-coming areas.
Surrey-based Stanton Construction will complete the refurbishment of The Mall next year. The work will include upgrades to shop fronts, modern flooring and lighting as well as a feature staircase, which will be placed in the Central Square. In addition, a bespoke ceiling feature will run through the shopping centre, tempering sunlight and providing a backdrop onto which rays will be projected at night.
Mark Bourgeois, Executive Director for Capital & Regional, said: "Walthamstow's status as a hot property spot, the upturn of the market and the evolving customer demographic means it is the perfect time to develop The Mall.
"This significant deal with TK Maxx and the refurbishment is the exciting first part of a bigger master plan for Walthamstow which we are keen to develop with the Local Authority. We are actively looking at how we can attract new retailers, drive rental growth and provide a valuable retail and leisure experience."
The refurbishment of The Mall Walthamstow has been designed by conceptual architects, Silver & Co. and is being implemented by ESA.