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| Value £1.3bn |
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| 132,000 sq m (1,420,000 sq ft) retail |
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| Site area 68 hectares(167.3 acres, 57.7
acres undeveloped) |
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| 195 shop units, 11 anchor stores, 11 screen
Warner Village cinema, 27 speciality kiosks, 22 mall kiosks |
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| 25 restaurants and cafes (including Oasis
food court) seating for some 3,300 |
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| Up to 800,000 visitors per week at peak
time |
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| Direct access to junction 34 of M1 motorway |
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| Free parking for over 12,000 vehicles |
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| On site transport interchange with bus,
train and supertram services |
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| www.meadowhall.co.uk |
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| Freehold |
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| 100% owned |
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| Rent passing £68m pa |
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Average rent (excl M&S)
£53.83 per sq ft |
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| Weighted average lease term including breaks
18.6 years, to expiry 18.9 years |
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| Anchor Stores: |
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| Allders Home |
| BHS |
| Boots |
| Debenhams |
| H&M |
| House of Fraser |
| Marks & Spencer |
| Next |
| Sainsbury's |
| Sports Soccer |
| WH Smith |
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Meadowhall recent lettings |
Meadowhall is one of the largest and most successful shopping centres
in the UK.
The two level fully enclosed mall with excellent transport links
continues to be attractive to both retailers and their customers.
For multiple retailers at Meadowhall, 80% of the units are in the
top 10 performing outlets of their company, and for 26% they are
the retailers' best performing outlet in the country. Customer visits
and average spend per party continue to increase. In the June 2002
off peak survey, spend per party was up 3% to an average of £101.92
and in the December 2002 peak survey it rose to £180.75 per
party, up 23% on the equivalent period in the previous year.
Initiatives to benefit retailers and consumers include: a new online
gift buying service; major advances in the centre's interactive
customer loyalty scheme, which now has over 70,000 subscribers;
and the development of the latest technology to communicate effectively
with both customers and retailers, setting new industry standards.
This technology, developed by Comgenic, a joint venture with PoulterNet,
is being successfully marketed to other shopping centres throughout
the UK. The Accelerated Response Centre (ARC), was launched in August
2002, providing on-site warehousing and stock replenishment facilities.
Significant benefits to retailers have been demonstrated and the
scheme is being introduced to further retailers during 2003. In
March 2003 a unique learning and development centre known as The
Source was opened to provide premier training facilities, principally
directed at the retail sector.
Meadowhall and its management have received more awards this year,
including British Council of Shopping Centres (BCSC) and International
Council of Shopping Centres (ICSC) marketing awards and the attainment
of OHSAS 18001 award in recognition of Meadowhall 's strong commitment
to Health and Safety.
The rents passing are expected to increase to approximately £69.5
million per annum when the outstanding rent reviews and lettings
have been completed.
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