A £72m mixed retail and leisure scheme in Brighton’s Lanes is aiming to attract fledgling operators to create a Carnaby Street or Shoreditch style F&B offer.
Simon Morris, director at GCW Retail Property Consultants, said the Hanningtons development would include between five and ten operators, with unit sizes ranging from 200sq ft to 5,000 sq ft.
Morris told MCA he was talking to “best in class Brighton” operators, as well as independents from London with one, two or three sites.
He said: “We’re being approached by some really high quality operators. We’re not looking to create a generic, mass market chain based product, but something with vibrancy and individuality.
“We want to appeal to local operators, we don’t want to create a clone development. Some developments can be quite bland and that’s not going to wash in Brighton, we should be aiming for something that’s much higher quality.”
The historic shopping area will have a 70/30 split of retail to F&B, with operators due to be announced in the summer, before opening in spring 2018.
Redevco, an independent, pan-European real estate investment management company, acquired the majority of the site in 2015 and an adjacent mixed-use property at the end of last year.