The Lexicon signs three new operators


Launched in 2017 as a joint venture between Schroder UK Real Estate Fund and Legal & General Capital, the Bracknell-based development is already home to a number of branded restaurants including Wagamama, Zizzi. PizzaExpress, Bill’s and Nando’s.

The 200,000 square foot refurbishment of Princess Square, which was made possible by Schroder UK Real Estate Fund and Legal & General Capital’s joint venture with Bracknell Forest Council as part of the Bracknell Regeneration Partnership, was the latest major investment for help the city to cement its position in the region ”.

This momentum is expected to continue with plans for the new nighttime hub, The Deck, which will offer more retailers, restaurants and leisure facilities in the heart of downtown Bracknell, connecting Princess Square and Bull Square.

“The reopening of non-core retail continues to breathe new life into the real estate industry, and outdoor retail programs, in particular, such as The Lexicon in Bracknell, continue to enjoy a high level of attraction with the diversity of retail, restaurant and leisure businesses. facilities it has to offer in a winning location, ”says Harry Pickering, UK Retail Manager at Schroders.

“From our point of view, the key now is to prioritize making the shopping experience as exciting and engaging as possible, to continue to restore consumer confidence and to seize this opportunity to catch up as much as possible what has been a damaging year for the industry. . “

The Lexicon’s joint agents are CBRE and Lunson Mitchenall.

About Mary Moser

Check Also

Rising interest rates ‘will add nearly £600 a year on average to some mortgages’

Mortgage borrowers whose deal directly follows the base rate will see their payments rise by …

Leave a Reply

Your email address will not be published.