Retailer demand, good trading and new cinema gives boost to Yate Shopping Centre

August 30 2016

A RUSH of inquiries for empty units at Yate Shopping Centre means vacancy rates have fallen to a near all-time low.

A RUSH of inquiries for empty units at Yate Shopping Centre means vacancy rates have fallen to a near all-time low.

In another boost for the centre, the recently opened and long-awaited Cineworld cinema, which is anchor for the new Riverside leisure complex is proving a big hit with movie-goers.

Centre manager Andy Lowrey said they were among signs of Yate’s popularity as a shopping and leisure destination.

Yate Riverside is an extension to the main shopping centre and tenants - many of them having already completed six months of trading - have reported good footfall and healthy trading.

Steve Plank, general manager at the cinema, said: “We’re really pleased with how popular Cineworld Yate has become since opening in April. 

“The response from the local community has been fantastic. We constantly receive positive feedback on our welcoming staff and state of the art cinema.”

The final retail unit to open at Riverside will be clothing and homeware company TK Maxx, which is due to welcome customers on September 15.

Work is currently taking place to amalgamate ground floor space with a restaurant unit and a first floor area to provide a single 20,000 sq ft unit for the retailer.

Over in the main shopping centre, jewellery retailer Pandora, which opened in East Walk in July, is trading “above expectations” and there has also been growing interest in units in North Walk.

Mr Lowrey said: “The vacancy rates in North Walk have always been higher than the remainder of the centre but there are now several operators showing interest in taking units there. 

“It is a key access into the heart of the centre from North Parade, which has itself undergone substantial changes over the last couple of years with restaurants Bottelino’s and Hotcha opening. 

“With new retailers showing interest in North Walk, there will now be only five vacancies in the entire centre as we head into the latter part of the year, well below the 12.5 per cent  national average. This proves Yate’s popularity as a shopping and leisure destination. 

“It is interesting times for the centre and its traders with Brexit and the current uncertainty. I believe we are well positioned to meet the challenges of the next few years and will come out stronger and more resilient in the long term.”