The Crown Estate confirms purchase of future phases of Rushden Lakes
The Crown Estate has confirmed the unconditional purchase of three further phases of Rushden Lakes from specialist retail developer, LXB Retail Properties.
This means The Crown Estate has committed to an additional 215,000 square feet of space at the retail and leisure destination.
Delivered over three additional phases of development, this will bring the total size of Rushden Lakes to more than 445,000 square feet with stores expected to start opening in 2019.
Phase two will see the creation of a new 150,000 square foot leisure development that will offer 11 restaurants, a 14-screen multiplex cinema from Cineworld, and five leisure units.
In phases three and four, an additional 65,000 square feet of retail space will be added across two developments within which Wren Kitchens has confirmed a new 12,000 square foot store. Additional new stores confirmed for phase one of Rushden Lakes include Jack Wills, Superdry and Card Factory.
Once all phases are delivered, Rushden Lakes will be home to over 40 retail units, 18 restaurants, five leisure providers, a 14-screen cinema, a boathouse and The Nene Wetlands Visitor Centre.
Hannah Milne, director of regional retail at The Crown Estate, said: “Rushden Lakes is the first destination of its kind. This innovative new centre has proven incredibly popular with shoppers and we are delighted to be furthering our investment. Future phases of Rushden Lakes will continue to transform customer and shopper expectations, and set the standard for other destinations to aspire to.”
Rushden Lakes is situated in over 200 acres of a Site of Special Scientific Interest, operated in partnership with The Wildlife Trust for Bedfordshire, Cambridgeshire and Northamptonshire.
The first phase covers 230,00 square feet of retail space. Retailers include the likes of Marks & Spencer, Primark, New Look, JD Sports and H&M as well as Jigsaw, White Stuff, Joules and L’Occitane.
