Clearbell Capital has let a 4,445 sq ft unit at The Riverwalk in Durham to Danish homeware and lifestyle retailer Søstrene Grene, taking the scheme to full occupancy.
The retailer, which is known for its affordable Scandinavian-inspired homeware, interiors, crafts, seasonal products and children’s items, has signed a 10-year lease on the unit overlooking the River Wear.
Clearbell has managed the centre since it acquiring the 250,000 sq ft site in 2014.
Toby Saul, investment director at Clearbell Capital, said: “Søstrene Grene has built a strong reputation for its distinctive retail experience and is a fantastic addition to our occupier mix, further strengthening the destination for both visitors and the wider city. This letting is another example of how active asset management can create lasting value, ensuring destinations continue to evolve in line with occupier demand – all the while delivering an experience that will keep visitors returning time and again.”
Mikkel Grene, group CEO and co-owner of Søstrene Grene, added: “As we continue our UK expansion, The Riverwalk felt like the perfect place to open our newest North East location. We’re looking forward to opening the doors to our new Durham store and introducing even more customers to our unique shopping experience.”
