intu Derby

Property partnership deal

Smith Partnership has announced one of the biggest deals in its history with Nightingale Quarter developers, Wavensmere Homes.

Smith Partnership has been selected as a preferred legal partner in the sale of new homes on the prestigious Nightingale Quarter development, where 800 homes are to be built on the site of the former Derby Royal Infirmary with a value of £150m.

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Work is anticipated to begin on the site in November with properties released for sale in January with first completions in early summer next year.

The new deal between Wavensmere and Smith Partnership will mean that legal work on sales should go through in just 28 days.

Wavensmere’s sales director Donna Smith said: “It would have been easy to bring in Birmingham-based partners but we are trying to work with as many local businesses as possible and Smith Partnership is a great fit.”

Smith Partnership managing partner, Kevin McGrath, said: “We are thrilled with this deal. When we decided to stay in the city centre with our new headquarters on Friar Gate, we were attempting to inspire other people to follow suit. So, helping people move into the Nightingale Quarter is entirely consistent with what we have been trying to do in supporting Derby city centre in being a 24-hr destination of choice for people to live, work and enjoy.

“It is one of the deals we are most proud of because of what it means for the city.”

Already 400 people have registered interest in the site in a month, attracted by the proximity to the railway station, intu’s shopping centre and the other fantastic facilities Derby has to offer.

In accordance with the law, Smith Partnership will be one of two legal partners for the site.

Bondholders’ Angel support

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The Derby business community has joined forces to support the Knife Angel and spread the message 'Don’t Carry Knives'.

The Knife Angel will be in situ outside Bondholder Derby Cathedral from 3rd to 30th October, and all are encouraged to visit the monument to appreciate the message it carries.

Derby Cathedral is encouraging everyone to share their photographs and message of support on social media using the hashtag #DERBYKNIFEANGEL. You can also follow Derby Knife Angel on Facebook and Twitter

The following Bondholder companies are just a sample of those who have come together to support the Knife Angel’s message of intolerance to violent crime.

G Wathalls and Sons
Bowmer & Kirkland
Work Wallet
Derby Cathedral
Derbyshire Police
Office of the Police and Crime Commissioner
Derby City Council
Mercia Image
Smith Partnership
Pattonair
Intu
Ask The Chameleon
Loates HR
Marketing Derby

Rachel Morris, Diocesan Secretary & Cathedral Chapter Steward at Derby Cathedral, would like to extend her thanks to everyone who has supported the Knife Angel to date.

 

Bondholders bring Festé 2019

Ockhams Razor - Belly of the Whale. Photo Credit: Mark Dawson Photography

Ockhams Razor - Belly of the Whale. Photo Credit: Mark Dawson Photography

An impressive twenty Marketing Derby Bondholders are working together to bring Derby Festé to life again with international performers that will bring surprise and magic to Derby.

Derby Festé 2019 will take place on 27th and 28th September and is produced and presented by Bondholders Déda, Derby LIVE, Derby Theatre and QUAD.

Festé attracts more than 30,000 visitors to the city centre which features international performers that have toured the world in a celebration of outdoor street entertainment including dance, contemporary circus, music and comedy. Performers this year will be arriving from events in USA, Australia, Taiwan, Barcelona, Hong Kong and Germany – to name just a few – before they arrive to a warm welcome in Derby.

Museum of the Moon Photo Credit: Luke Jerram

Museum of the Moon Photo Credit: Luke Jerram

Derby Festé is sponsored by Bondholders Derby City Council, University of Derby, Derby Cathedral Quarter, St Peters Quarter, Foundation Derbyshire and intu Derby.

For the first time this year, organisers of Derby Festé have also joined forces with Bondholder Derby Cathedral to bring ‘Museum of the Moon’ to the city in the run up to and during the city’s popular annual event.

Marketing and promotions have been headed up by Bondholder Gravity Digital Ltd, who developed a new website as part of their sponsorship agreement, they also manage the social media, and other marketing activities working closely with creative Bondholder companies, Future Proof Films, JJ Public Relations , Mercia Image, and Code Print.

For people arriving in the city by train, there is also an exclusive offer that has has been promoted by Bondholder East Midlands Railway and the event is widely covered in the media including Bondholder Derby Telegraph.

Visit Derby has also just run a fabulous family festival break competition where entries were invited form people to win a weekend stay including free tickets to the Festé headline event, a meal for four at Bondholder Annie’s Burger Shack and overnight accommodation with Bondholder The Stay Company.

Fantabulosa 185. Photo Credit: Simon Hadley

Fantabulosa 185. Photo Credit: Simon Hadley

Derby Festé Artistic Director Stephen Munn from Déda said: "Festé is a true partnership of a vast number of organisations and businesses – bringing together a range of committed individuals who work really hard to make the annual event a reality.

"It is this combination of talent and effort that ensures that Festé is always pushing boundaries, bringing the unexpected and unusual to the city and creating unforgettable memories.

"The fact that so many Bondholders are at the heart of the continued success of Derby Festé is testament to the widespread passion for cultural activity in the city and we are also particularly grateful for the input from Arts Council England and the Without Walls Touring Network Partnership."

For more information, please visit www.derbyfeste.com or follow on social media.

BaroloSolo - ile O splash. Photo Credit: Vincent d'Eaubonne

BaroloSolo - ile O splash. Photo Credit: Vincent d'Eaubonne

 

Smarter than the average BEAR

Bondholder BEAR, the independent brunch and coffee brand, has successfully negotiated a deal with fellow Bondholder intu Derby and announced plans to open its second Derby site in autumn 2019.

BEAR will add to its existing outlets in Derby’s Cathedral Quarter, Stone, Uttoxeter and London, creating 20 new jobs in the process. Located in a prime spot between Carluccios and Zizzi at intu Derby, the coffee house will provide customers with speciality coffee, brunch, cocktails and craft beer from morning until evening.

Craig Bunting, co-founder of BEAR, commented: “We love Derby. We firmly believe we have established ourselves as a Derby brand, which is something that we are very proud of."

Adam Tamsett, General Manager at intu Derby, said: “We’re proud to offer a range of independent retailers alongside well-known national brands to give our visitors a rich and varied experience when they shop with us."

BEAR will operate the space in the intu centre as a counter-service coffee house, kitchen and bar, serving the region’s favourite coffee to shoppers and offering an inclusive space to relax over coffee and cake, brunch, or a couple of cocktails before a shopping trip or movie screening.

Adam Tamsett said "Our latest partnership with BEAR will see us boost our independent offering, just weeks after announcing our three Hatch competition winners. It will also allow us to offer extended brunch, cocktails and beer options for our customers."

Craig at BEAR explained "We founded BEAR with the absolute desire to become a UK challenger brand by delivering an exceptional product inside beautiful spaces, served by a team that are passionate about what they do. Our recent partnership with global fashion retailer, Jack Wills, and our offering at intu Derby sees us punching well above our weight! This excites us because we are at the forefront of a growing change in the retail landscape. We are thankful that intu is taking a pro-active approach to support brands of the future, whilst ensuring that it also creates shopping destinations that consumers desire.”

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Who’s the BOSS?

Bondholder intu Derby has signed up premium fashion brand Hugo Boss for a 2,600 sq ft unit, opening this autumn.

The new store will showcase premium BOSS collections including businesswear, casualwear and accessories, joining intu Derby’s existing line-up of aspirational retailers.

Nick Round, regional managing director at intu, said: “intu Derby is at the heart of an affluent catchment population, boosted by the number of high-earning professionals working and living in and around the city. This, combined with intu Derby’s 22 million footfall and strong retail and leisure mix, provides the ideal environment for aspirational brands like BOSS to flourish.”

According to research by personal finance firm Finder.com, Derby residents have the highest disposable income compared to any other UK city. Derby is also a top-25 retail destination in data consultancy CACI’s national rankings.

Adam Tamsett, intu Derby general manager, said: "Boss is the latest brand to announce a new store at intu Derby. Last month we revealed that five new retailers will be joining the centre, including global brand Skechers, which is opening soon. It’s an exciting time for our shoppers as national and well-loved brands continue to invest in Derby. The arrival of Boss is going to be welcome news for fashion fans across the region and allows us to boost our premium fashion offering even further."

John Forkin, Managing Director at Marketing Derby said "We are delighted that premium brand Hugo Boss has decided to invest in Derby and will be adding to intu Derby's retail offer."

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intu Derby deal complete

A £186m deal to establish a joint venture between Bondholder intu Derby and Cale Street Partners, backed by the Kuwait Investment Office, has been completed.

The shopping centre giant announced in April that Cale Street Partners had agreed to snap up a 50 per cent interest in intu Derby, with intu managing the centre on behalf of the joint venture.

Intu chief executive Matthew Roberts said: "We are pleased to complete this innovative joint venture transaction in what is a challenging investment market in the UK."

John Forkin, Managing Director of Marketing Derby said: "Team Derby met with representatives from Cale Street Partners at MIPIM, the world's leading property event in Cannes, and they were very impressed with the public-private partnership here in Derby. In a subsequent meeting in London we were able to paint a broader vision with many of the developments planned in the area adjacent to intu Derby, including the residential schemes at Castleward and DRI site and mixed development schemes in St Peters Quarter."

The closing of the transaction was subject to completing a senior debt financing of the centre and certain other completion conditions. These conditions have now been met and the transaction has completed.

intu will continue to manage the centre, which spans 1.3 million sq ft and comprises more than 200 units, and receive asset management and brand licence fees for this, further enhancing intu’s return from the transaction.

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intu independents to Hatch

A hat-trick of new local brands are due to be welcomed by intu Derby this summer, following a national retail initiative, HATCH, launched by Revo.

HATCH is an initiative, launched by Revo – a national organisation that helps retail, property and placemaking to thrive. The campaign offered entrepreneurs and budding business owners the opportunity to set up their own shops in popular retail destinations with rent, service charges and business rates covered for the first six weeks.

Bringing an independent flavour to the intu Derby centre will be Derby-based loaded doughnuts maker, Project D and Burton-on-Trent’s Solesmith, which designs personalised socks that have featured on This Morning and EastEnders, will both be opening their first retail stores in intu Derby this summer.

Design 44, which curates a range of quirky UK and Scandinavian gifts and homeware, will be opening its second shop in Derby as part of the scheme.

Adam Tamsett, general manager at intu Derby, said: “The face of retail is changing and we’re seeing that customers want more choice between the nation’s favourite retailers and smaller, independent brands.

“intu Derby welcomes more than 22 million shoppers a year and we’re confident that Project D, Design 44 and Solesmith will be a huge hit once they open their doors to the public later this summer.

intu Derby had originally signed up to support one new retailer but following the high quality and diverse range of applicants, it will now be welcoming all three unique brands to the centre, which will also be given access to business and marketing support from the British Independent Retailer’s Association, plus a year’s free BIRA membership.

Samantha Sen, head of policy and campaigns at Revo, said: “We’d like to wish a huge congratulations to Project D, Design 44 and Solesmith. intu Derby will be the perfect incubating space for them to allow them to take their brands to the next level.”

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New intu stores to Hatch

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A hat-trick of new local brands are due to to be welcomed by intu Derby this summer following a national retail initiative, Hatch.

Derby-based loaded doughnuts maker, Project D and Burton-on-Trent’s Solesmith, which designs personalised socks that have featured on This Morning and EastEnders, will both be opening their first retail stores in intu Derby this summer.

Design 44, which curates a range of quirky UK and Scandinavian gifts and homeware, will be opening its second shop in Derby as part of the scheme.

Hatch is an initiative that has been launched by Revo – a national organisation that helps retail, property and placemaking to thrive. The campaign offers entrepreneurs and budding business owners the opportunity to set up their own shops in popular retail destinations with rent, service charges and business rates covered for the first six weeks.

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intu Derby had originally signed up to support one new retailer but following the high quality and diverse range of applicants, it will now be welcoming all three unique brands to the centre, which will also be given access to business and marketing support from the British Independent Retailer’s Association, plus a year’s free BIRA membership.

Adam Tamsett, general manager at intu Derby, said: “The face of retail is changing and we’re seeing that customers want more choice between the nation’s favourite retailers and smaller, independent brands.

“intu Derby welcomes more than 22 million shoppers a year and we’re confident that Project D, Design 44 and Solesmith will be a huge hit once they open their doors to the public later this summer.

Samantha Sen, head of policy and campaigns at Revo, said: “We’d like to wish a huge congratulations to Project D, Design 44 and Solesmith. intu Derby will be the perfect incubating space for them to allow them to take their brands to the next level.”

Skechers steps intu Derby

California footwear brand Skechers is set to open its doors at Bondholder intu Derby's shopping centre this autumn.

Adam Tamsett, General Manager at intu Derby comments: “We are thrilled to welcome Skechers to intu Derby, it’s a fantastic global brand that will complement the rest of our fashion retailers."

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Offering men’s, women’s and children’s shoes and everything from trainers to sandals, the store further bolsters intu Derby’s extensive fashion offering, which spans 1.4million sq. ft. of retail space.

To accommodate the new store, Tiger will move from its current location on Level 1 into a new space next to Virgin Media and Skechers will completely refit the 3,500 sq ft space. The new store is set to open in autumn.

Adam Tamsett says "“This is just one of a number of high profile new openings we’re hoping to announce this year. Most recently, Fenty Beauty arrived at intu Derby’s Boots store which has already proved to be incredibly popular with shoppers. We look forward to announcing more new arrivals in the coming months.”

Shopping centre contributes millions to Derby's economy

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intu Derby shopping centre contributed £233.4 million to the city’s economy in 2017.

This is according to a study by planning and development consultants Lichfield’s and came through employment, regional investment and business rates paid.

The research was carried out as part of a wider study by Lichfield’s, which aimed to measure the overall contribution intu-owned shopping centres make to the UK economy.

Over the past 12 months, the British retail sector has lost a number of big high street names. During that time, some shops in Intu Derby have shut but the shopping centre operator has been working to fill the vacant units left behind.

David Fischel, chief executive of Intu, which also operates shopping centres in Spain as well as the UK, said: “Our centres are not only great places for customers to shop, eat and enjoy themselves but provide engines for dynamic economic and social value.

“Every year we add billions to the economies of the UK and Spain through local investment, the jobs we generate and the taxes we, our tenants and employees pay.”

The Intu Derby shopping centre opened in October 2007. At the time, the centre was owned and operated by Westfield, which ploughed £340 million into the development.

In 2014, the centre was bought by Intu Properties and was re-branded as Intu Derby.

Today, it is home to a range of shops, including leading retailers such as Next, Debenhams, Sainsbury’s and M&S, a multi-screen cinema, a large food area and leisure attractions, including indoor golf and bowling. Intu Derby itself is also active in the community supporting a number of projects.

Alexander Nicoll, corporate responsibility director at Intu, said: “We are proud to operate centres, which are not just the nation’s favourite shopping destinations, but also the lifeblood of their communities.

“Intu is guided by its culture and values to create better lives for thousands of people living close to our centres by delivering new skills, employment and health and well-being initiatives - and this in turn generates local prosperity.”

New stores for intu

Two new stores are set to open at Bondholder intu Derby.

Chocoholics of Derbyshire are in for a treat, as luxury chocolatier Hotel Chocolat prepares to open a boutique store and café concept in the centre. 

And once you have over-indulged in delicious chocolates head along to the new stylish leisurewear retailer Footasylum to buy some big name brands in sportswear.

Hotel Chocolat is set to open its doors this July, and will offer visitors a space to take a break from shopping and indulge in a choice of chocolate treats, as well as browse the brand’s signature selection of high-end products.

The cocoa-inspired café menu boasts a range of extravagant hot chocolates, brownies, ice-creams, and award-winning infused teas.

One of the world’s few chocolate-makers to grow and farm its own beans, Hotel Chocolat will stock everything from elaborate hampers and gifts, to unique flavour combinations and tasty tipples such as Cocoa Gin and Cocoa Beer.

The store will be located on Level 2 of the centre next to Swarovski.

Adam Tamsett, General Manager at intu Derby, said: “We are thrilled to welcome Hotel Chocolat to the centre, and we are certain many of our visitors with a sweet tooth will be, too.

“The latest opening will bring yet another premium brand to the centre, offering chocolate-lovers of all ages a taste of luxury. The cocoa café concept is an exciting addition to the traditional store, and will provide the perfect place to relax and refuel, as well as browse a wide variety of luxury gifts and treats,” he added.

Footasylum is expected to open its doors later this year and will be located on level 2 opposite Timberland.

Offering a wide variety of big name brands in store, including Adidas, Nike and Vans, shoppers will be able to browse everything from footwear to clothing for men, women and children.

Adam Tamsett, General Manager at intu Derby, said: “Following a series of exciting new openings including Footlocker and Lush, we are delighted to announce that Footasylum will be the latest addition to the centre."

The shoe fits at intu

Popular shoe store Footlocker is set to open an outlet at Bondholder intu Derby, after fellow Bondholder FHP negotiated the letting.

The global firm will open its doors Friday (25 May) on Level 2 of the centre near Timberland, and will span three units.

Carly Salisbury, marketing manager at intu Derby, said: “We are thrilled to welcome Footlocker to the centre. Its opening has been much anticipated, and comes at an exciting time for the centre, with several new store openings lined up this spring.

“Footlocker will make a fabulous addition to our already strong fashion offering, joining the likes of popular retailers including All Saints, Zara, Topshop and JD Sports,” she added.

intu VIP Shopping Night

Date: Thursday 12th April
Time: 5.00-8.00pm
Venue: intu Derby

Marketing Derby Bondholder intu Derby is delighted to invite fellow Bondholders, their friends, family and colleagues to a VIP evening of shopping.

Following on from the success of last year's event which welcomed over 900 people, we would once again like to take the opportunity to thank our Bondholders for their support, and what better way than
to invite all of your teams to join us at this exciting event.

The amazing team at intu has once again pulled out all the stops organising an evening of exclusive store discounts, special demonstrations, live entertainment and a glass of fizz.

It promises to be a fantastic night and we hope you will be able to join us.

* Free parking available to pre-registered guests only.

Click here to book your place at the VIP Shopping night

Join our Facebook event to get up-to-date news and offers

 

Getting an Incite into Derby's Success

Innes England’s annual Market Insite report has revealed that industrial rents in Derby have grown by 26% in the last five years, alongside significant deals in the retail sector.

The report, which monitors trends in the East Midlands property market, highlighted a strong industrial market with Goodman and Ivygrove Developments leading the way.

Nick Hosking, director at Innes England, said, “The industrial sector performed well in 2017 with take-up echoing the previous year. Given the strength of Derby’s manufacturing base we expect to see the industrial sector perform well again this year.”

Innes England, sponsors of Team Derby at MIPIM, also analysed the retail market, noting the success of Intu Derby, whilst the Cathedral Quarter saw lettings to Jack Wills, Bar Soba and Bunk.

The largest deal, billed as the biggest in the city since the opening of Intu Derby, was the letting of 22,000 sq ft in the St Peter’s Quarter to TK Maxx. 

The American retail giant has announced the store will open on Thursday 22nd February and is expected to drive footfall and further lettings to the area. Derby City Council is offering support to the regeneration of the St Peter’s Quarter, with public realm works across the area, including a Walk of Fame, celebrating noteworthy achievements of some of Derby’s most deserving residents.
 

intu Reduces Charges

Bondholder intu Derby has announced its new evening parking tariff, allowing visitors to use the carpark for just £2 from the earlier time of 5pm instead of 6pm. 

The change comes off the back of a series of focus groups, organised by Marketing Derby, where Bondholders suggested a £2 tariff from 5pm would make it easier for them to visit straight from work. 

The updated tariff gives shoppers the opportunity to spend the evening utilising all of the shopping, leisure and dining experiences intu Derby has to offer.

Carly Salisbury, Marketing Manager at intu Derby, said: “We’re pleased to be able to adapt our parking tariff to allow visitors to get more shopping, leisure and dining time here at intu Derby.

“The tariff now allows people to park for £2 from 5pm, meaning shoppers can head here earlier, park for longer and wind down while enjoying precious time with family and friends. Whether that’s with dinner and drinks, late night shopping and a film, or a game of bowling or adventure golf after a quick bite to eat, there’s something for everyone to enjoy at intu Derby!”

Five Guys Sets Sights on Derby

Bondholder intu Derby has revealed the opening date of its latest addition to the centre, Five Guys. 

The burger chain will officially open its doors in Derby on Monday 27th November.

The restaurant will sit alongside intu's leisure offer, close to Hollywood Bowl and Paradise Island Adventure Golf, which launched earlier this year.

Neville Maling, Head of Property at Five Guys, said: “Securing a prominent space alongside the city’s best new leisure extension is an important part of our expansion plans.

"With this exciting leisure offer, 23 million visits each year and 2.2m catchment population, intu Derby is the perfect fit for Five Guys’s newest restaurant.”

Nick Round, Regional Managing Director of intu, said: “We’ve been well placed to support Five Guy’s UK expansion in recent years, with new openings across our national portfolio of shopping centres.

"The restaurant is set to be a sizzling success at intu Derby as it will perfectly complement the centre’s rapidly growing leisure offer which is driving even more customers to the centre from day to evening, which in turn is helping all our retailers flourish.”

intu Contributes Millions to City Economy

intu Derby contributes more than £300 million and over 7,000 jobs to the city's economy, a recent study reveals.

Planning consultants Lichfield’s found that in 2016 the shopping centre contributed £311 million to the local economy through employment, regional investment and business rates paid, and supported 7,139 jobs. 

Adam Tamsett, general manager at Intu Derby, said: “Creating and managing retail and leisure destinations that customers want to visit helps businesses flourish across the country, drives up investment in towns and cities and establishes real local prosperity.

“The jobs they create cater for a wide range of skills and abilities and deliver more entry-level and flexible routes into employment.”

Alexander Nicoll, corporate responsibility director at intu, added: “We invest millions in our centres and their local communities every year. This allows us to create long-lasting and positive change by delivering skills, employment and health and wellbeing.”

New Stores for intu

Bondholder intu has announced a string of new investments into its Derby shopping centre. 

American burger Chain Five Guys is set to open its doors this December, close to Hollywood Bowl and Paradise Island Adventure Golf.

Nick Round, regional managing director of intu, said: "We've been well placed to support Five Guy's UK expansion in recent years, with new openings across our national portfolio of shopping centres.

"The restaurant is set to be a sizzling success at intu Derby as it will perfectly complement the centre's rapidly growing leisure offer which is driving even more customers to the centre from day to evening, which in turn is helping all our retailers flourish."

The centre will also be welcoming clothing and footwear brand Timberland later this year. Starbucks has also relocated to the ground floor of the centre.

intu is on Trend

Derbyshire locals are set to turn heads this autumn, as Bondholder intu Derby returns with another fashion campaign with real people at its forefront.

The campaign is designed to showcase how key Autumn Winter17 fashion trends are accessible for everyone, no matter what age, gender or body type.

The intu Derby fashion team will once again be embarking on a roadshow around the county with stops at Ashbourne, Burton, and intu Derby itself, to find real people to get involved.

Everyone will be invited to have a spin of the “Trend Wheel”, which will showcase both the women’s and menswear key trends for the season, and give shoppers an opportunity to be styled by intu in the chosen trend.

Ten finalists will be picked to represent the true diversity of Derbyshire, and will be given a makeover by top stylists, styled in an outfit provided by centre retailers to represent the trend picked by the Trend Wheel.

The ten finalists will take part in a photo shoot, with their makeover images forming part of intu Derby’s in-centre autumn winter fashion exhibition.

The womenswear trends the centre is focusing on this season are: Space Age, Forties Blue, Soft Leather, Seeing Red, Rave On, That Seventies Show, Textures, Business Class.

Menswear trends are: Sports Luxe, Check Mate, Earth Tones, Brights, Strike a Cord, Dressed Down Tailoring.

For the chance to get involved, shoppers are being urged to join the intu Derby fashion team on Friday 8th September - 10:00am - 4:00pm.

New TK Maxx Store for Albion Street

US clothing retailer TK Maxx is set to open a new store on Albion Street, Derby

Operating across a total of 407 stores throughout Europe, TK Maxx offers clothing, homeware and giftware, as well as designer labels at affordable prices.

In addition to their premises at the Kingsway Retail Park, the new Albion Street store will see three existing units merged to provide a retail experience across both ground and first floors, totalling 22,000 sq ft.  

Following planning approval, refurbishment works will commence in late Spring 2017, with TK Maxx expected to undertake their fit out works in late 2017/early 2018.  The store, which will create 35 jobs in the city, is likely to be trading by late 2018. 

Albion Street is a key street in the city centre’s retail offer, with significant footfall between intu Derby and the St Peters Quarter.

Redefine International, a FTSE 250 UK REIT, purchased the east side of Albion Street in 2016 with plans to create a space suitable for an anchor fashion retailer, and was supported by Marketing Derby and Derby City Council in securing TK Maxx.

Martin Rawson, Deputy Leader of Derby City Council, said:

“We welcome the news of TK Maxx opening an additional store on Albion Street. The St Peters Quarter, of which Albion Street is part, was identified in the Derby City Centre Masterplan as a key site for regeneration.

"The addition of TK Maxx will be the first new investment to help reinvigorate this area announced since businesses voted to reinstate the Business Improvement District. The City Council will soon be investing in the public realm in and around the area as part of those improvements. 

“Our officers worked closely with Redefine International and Marketing Derby to help secure this investment for the city.”

Sarah Jones, Senior Asset Manager UK Commercial at Redefine International, said:“We are delighted to be bringing such a sought-after retail brand to the city centre.             

"TK Maxx will act as an anchor tenant for the area and will be a significant attraction for shoppers.” 

John Forkin, Managing Director of Marketing Derby, said:

‘The arrival of a second TK Maxx store is a welcome investment, and will act as a magnet for other retailers, enhancing Albion Street as a destination for retail in the heart of the city.

“With the intu centre attracting 23 million visitors a year, and the Cathedral Quarter receiving the 2016 Great British High Street Award, Derby’s retail offering is proving resilient strong. It’s great to see more investment coming helping to lift the St Peters Quarter.”