The Ridings Shopping Centre, Wakefield - November 2005
The Ridings Shopping Centre is situated in the heart of Wakefield. The property is freehold and part long leasehold with approximately 267,000 sq ft of retail accommodation over 3 floors. It was built in 1983 and has been subject to a significant refurbishment under our management. The centre benefits from 3 separate car parks providing 1,100 spaces with direct access to the malls. The centre houses a mixture of high street stores, specialist shops and a food court and almost 75% of the centre’s rental income is derived from national retailers, with Primark, Morrisons, Boots and M&S as the anchor stores. Wakefield is a key commercial centre in West Yorkshire and in 2011 the city had a primary retail catchment population of 400,000 people, ranking it 57th in the CACI Retail Footprint Ranking.
Key Facts:
- Acquired in November 2005
- 15 miles south of Leeds
- Constructed in 1983
- Made up of 110 units including several restaurants and cafes
- 267,000 sq ft of retail accommodation over three floors
- 75% of rental income derived from national retailers
- 1,100 car parking spaces
- Primary and secondary catchment population totalling over 400,000 (CACI 2011)
- Ranked 57th in the CACI Retail Footprint Ranking 2011.
- Tenants include: Morrisons, Primark, TK Maxx, WH Smith, M&S and Boots
- Comprehensive refurbishment completed in 2008 comprising 3 new entrances, 2 new feature lifts, re-configured food court, extensive mall redecorations and total rebranding
- Strong weekly footfall of 230,000 people