News — Flurry of new tenants sign up at Cwmbran Centre
Four new and exciting retailers are coming to Cwmbran Centre, Wales, after agreeing lease terms with the owner of the town’s leading retail destination.
The new occupiers – Geek Retreat, H & T Pawnbrokers, USA Toys Ltd, and Star Sports Bet – are all fitting out their respective stores, ready to open to the public in the next few weeks, said national commercial property and investment company LCP.
Geek Retreat, a gaming shop and cafe that has franchises across the country, has agreed a 10-year lease for 15 North Walk. Owner and director Nathan Dummett said as well as a food and drink offer, it will trade card games, collectibles and board games.
“It will be like a café where people can come in grab a free to play board game and sit down with a coffee,” he said. “We’ll also run organised play events for trading card games and Dungeons and Dragons. I thought Cwmbran Centre needed a place like Geek Retreat where a community could get together and share interests also because it always seems to be busy and thought it would be a great business opportunity.”
Nathan hopes to open the shop in June.
H&T Pawnbrokers is opening at 13, The Parade, after agreeing a 10-year lease. The retailer, which offers pawnbroking loans, buys gold, offers travel money and sells pre-owned jewellery and watches, is to open at the end of the month and has created four local jobs.
USA Toys Ltd will open at 12, The Parade, after signing a five-year lease, while Bookmaker Star Sports will open its newest shop at 6 Gwent Square and has signed a 10-year lease.
Adam Martin, director and head of the Bristol Office of LCP, which owns and manages the centre, said: “After taking ownership of the centre earlier this year, we said we would work hard to attract new tenants.
“To have four occupiers sign simultaneously demonstrates our commitment to making sure our retail centres work for the local communities who want to have access to a wide range of services. Cwmbran Centre is a prime shopping destination in the area and we’re keen to bring in new names, whether they are established high street favourites or local entrepreneurs.”
Cwmbran Centre has 180 retail units over 740,000 sq ft and is anchored by a 100,000 sq ft Asda and has a 48,000 sq ft Primark. Other leading brands include JD Sports, River Island, Superdrug, New Look and Deichmann and there are 3,000 free car parking spaces and a dedicated bus station.