Cwmbran centre almost up to full tenancy capacity

ONE of the biggest shopping centres south Wales, Cwmbran Centre, is close to being fully let after signing up four international and national brands.

The new tenants at the M&G Real Estate-owned centre in Cwmbran are Patisserie Valerie, Three, Heron Foods and the British Heart Foundation.

The deals add to a bumper year, with 16 brands recommitting and a further eight new lettings, bringing the 1 million sq ft centre to 98% occupancy.

Patisserie Valerie, the British chain of luxury handmade cakes, will be opening a new cafe, having taken a 1,533 sq ft space on a 10-year lease.

Three, the global mobile phone and broadband provider, has signed a 10-year lease to take a 1,600 sq ft unit.

In addition, the British Heart Foundation (BHF), the nation’s heart charity and the largest independent funder of cardiovascular research, has secured a 7,709 sq ft store, also on a 10-year lease.

The new store will be part of BHF’s Furniture and Electrical line, offering sofas, dining sets, beds and other electrical appliances and furnishings.

Food retail brand Heron Foods will take 4,152 sq ft on a 10-year lease.

The new letting is the retailer’s first-ever store in south Wales and third overall store in Wales.

Rupert Milne, asset manager at M&G Real Estate, said: “We work hard to expand our offer for the local community and these new lettings are proof of our commitment to Cwmbran.

“The centre has now reached close to full capacity, and with free parking and a wide mix of names, we are pleased to offer local residents a great shopping destination at the heart of their town.”