St Stephen’s, Hull Unit 50b A3 Catering Opportunity catering spend vs the British Land average....
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August 2017 St Stephen’s, Hull – Unit 50b A3 Catering Opportunity
Transcript of St Stephen’s, Hull Unit 50b A3 Catering Opportunity catering spend vs the British Land average....
August 2017
St Stephen’s, Hull – Unit 50b A3 Catering Opportunity
Exciting opportunity to secure representation in Hull’s dominant retail and leisure
destination, surrounded by a strong leisure (Gravity trampolining, Rock Up climbing,
Fun Station and Laser Quest, Reel Cinema) and catering (Zizzi, Nando’s, Prezzo,
NYC Bar and Grill) offer.
St Stephen’s benefits from 12 million customers annually.
Key findings from CACI research is a customer requirement for a more diverse
catering offer.
Last remaining vacancy opportunity in the best city centre location.
Significant investment continues to be made in Hull, with a number of economic
and development initiatives taking place. Falling unemployment and increased
passenger numbers visiting the city show that Hull is clearly thriving. This is matched
by St Stephen’s continued growth; recent lettings include JD Sports, Smiggle, Foot
Asylum and Zizzi.
The Opportunity
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Unit 50b To Let
A 4,000 sqft unit within Hull’s
prime shopping centre,
adjacent to the Hull Paragon
Interchange and the Truck
Theatre.
The opportunity is located
next to Fun Station, Rock Up,
Reel Cinemas, Gravity and
entrances from the car park.
The recently opened Zizzi is
adjacent, with NYC Bar and
Grill, Nando’s and Prezzo in
close proximity.
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Hull
St Stephen’s is a Regional
centre situated in the centre
of Hull City.
Key anchors include:
147,000 sqft Tesco
43,000 sqft Next
31,000 sqft H&M
20,000 sqft Topshop
15,000 sqft Gravity
British Land are proposing to
relocate Starbucks and
remove the ‘pod’ which will
increase the visibility of the
catering and leisure core
from ground floor.
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Location
St Stephen’s is a mixed-use Regional Centre in Hull’s prime shopping and leisure location
encompassing approx. 560,000 sq ft of retail and leisure, adjacent to Hull Paragon
Interchange and the Hull Truck theatre.
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Scheme Plan
The Ground Floor retail includes:
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Scheme Plan
The First Floor occupiers include:
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Scheme Plan
The Second Floor is leisure led and occupiers include:
A3 opportunity
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Current Catering offer
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Current Leisure offer
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Catchment Area & Stats
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560,000 Sqft of retail and
leisure
41% of customers
are aged between
18-34*
Customers visit on average
57 times a year*
Average dwell time of
51 minutes*
12 million
annual footfall
1,500 free car
parking spaces
Statistics and demographics
*2016 CACI off-peak survey 12
At the last CACI off-peak survey (Nov 2016), there was limited catering spend vs the British Land average. Therefore there is capacity to increase this, supported by a strong catering conversion of 26%.
£8 £11 £10
ST STEPHENS Catering spend per customer
BL REGIONALS Catering spend per customer
UK REGIONALS Catering spend per customer
New Catering and Leisure Openings include:
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Hull Regeneration
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Hull Paragon Bus
and Train Station
City Centre regeneration
DoubleTree Hotel by Hilton Hull
Over £1 billion is currently being invested in the City and its immediate catchment including;
£25m investment by Hilton creating a ‘Double Tree’ 165 bed hotel which will open on the 14th
November 2017 next to St. Stephens. It will include a Marco Pierre White 5* restaurant and a 1,000
sqm ballroom capable of accommodating up to 500 people.
£310m offshore wind turbine manufacturing plant by Siemens and a £200m biomass plant by
the Spencer group
£100m Research and Development Centre for Reckitt & Benckiser
£190m maintenance centre by Dong Energy to cater for the wind farm industry
£106m investment by Hull City Council in various initiatives including the creation of a 3,500 seat
Venue, relaunching of a new Theatre, revitalising the Old Town Marina and Cruise terminal, in part
due to being nominated as the City of Culture 2017
£90m being invested by the University of Hull in new facilities
£1.4m improvement in the Hull Paragon Bus and Train Station alongside the scheme
Unemployment in the City has fallen by over 40% in the last 9 years from 16,000 in 2009 to
9,000 in 2015; the fastest fall in any UK City.
Hotel occupancy is also up 14% in Quarter 1 of 2017 (compared to 2016) and Hull trains has
reported a 17% increase in passenger numbers (over the same period) compared to 4% nationally.
Hull regeneration
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Thank You For further questions please contact:
Alice Keown:
[email protected] 020 7467 3355 Camilla Walter:
[email protected] 020 7467 3348 James Duck:
[email protected] 020 7467 3511 Grace Hodnett:
[email protected] 020 7467 3453
James Martin:
[email protected] 0114 256 8089 Simon Cole:
[email protected] 0114 256 8089 Charles Newman:
[email protected] 0114 256 8089 Richard Padley:
[email protected] 0114 256 8089
Adam Bindman:
[email protected] 020 7659 4822 Paul Cooper:
[email protected] 020 7659 4838
SMITHYOUNG
August 2017
