Wayfarers Arcade in Southport is due to enjoy “vastly improved footfall” over the coming years, according to new managing agents who have just taken over operating the iconic landmark.
Commercial Property Partners is now running the stunning Grade II listed structure, which has been welcoming generations of shoppers since it first opened in 1898.
The firm is offering new all-inclusive rent deals and improved incentives in a bid to attract new businesses into available spaces.
Wayfarers Arcade suffered from a number of tenants vacating units over the past couple of years, although last year saw a boost with the opening of Beales department store, followed by the Remedy at Beales cafe and the Naked Peak shop which sells organic and vegan candles and body products.
Commercial Property Partners has been appointed by the Landlord, Panther Securities PLC to manage the running of the arcade, taking over from CBRE.
A Wayfarers Arcade spokesperson said: “This is a positive development for Wayfarers which has been at the centre of Southport shopping for 123 years. CP Partners are committed to bringing an all-round fresh and positive approach as to how the centre is managed.”
Associate Director of CP Partners, Callum Jeandin said:
“We are delighted to have been appointed as the new managing agents for Wayfarers Arcade.
“We will be working hard to ensure the arcade’s iconic status is maintained and improved over the next 12 to 18 months.
“This transition confirms the Landlord’s level of investment in the arcade and commitment to Southport.
“We are also pleased that Yvonne Burns who has been with Wayfarers for over 20 years is to remain the Centre Manager.
“With the new all-inclusive rent deals and improved incentives on offer, paired with the overall capital investment planned by the landlord over the coming years, we predict vastly improved footfall into the arcade over the coming years.”
Damien Moore MP for Southport said:
“Wayfarers is an important part of Southport’s heritage.
“I am confident that with the appointment of CP Partners we can look forward to new shops opening and can welcome visitors to enjoy what this wonderful attraction has to offer. I look forward to seeing what the benefits of CP Partners’ fresh approach brings to the arcade and to Southport.”
Centre Manager, Yvonne Burns said:
“I am looking forward to a busy and positive year ahead bringing our iconic arcade back to being the bustling and well-loved historic shopping centre that Southport deserves.”
To discuss moving your business into Wayfarers Arcade please call Rob Markland on 01704 541414.
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