Realising Retail Potential

Space to trade aquires commercialisation contract at Castlegate Shopping Centre, Stockton-on-Tees

Space to trade has acquired the commercialisation contract at Castlegate Shopping Centre in Stockton-on-Tees.

Managed by Ellandi, who have experience and an established track record of achieving real change within community shopping Centres, Castlegate Shopping Centre first opened in 1973 and is the largest covered shopping centre in Stockton-on-Tees, attracting over 8 million visitors a year.

The scheme currently includes seven mall retail spaces and is made up of some 348,000 sq. ft. of retail space which houses tenants including B&M Bargains, Wilkos, Boots, Iceland, Specsavers and Peacocks.

The centre also benefits from a historic indoor market hall which was revealed in October 2013, on the 40th anniversary of the scheme – having undergone a £1.5 million refurbishment.

Tina Shah, Commercial Director of Space to trade said, ‘we are looking forward to working with the team at Castlegate Shopping Centre.’

She continued, ‘we will always aim to find the right shopping centre or town centre venue for brands across the UK, but the way we work is very different to our competitors. It has to be the right retailer in the right space.  We work closely with our mall retailers, helping them with the most modern and engaging design for their stand, through to the financial projections. We also offer ongoing assistance and support via their dedicated local Space to trade Site Manager. It’s vital to have someone on the ground that knows the area so that they can work with the Asset Manager and the Centre Management Team to compliment and improve the Centre’s retail offering.’

Ellandi Asset Manager, Tim Cornford said, ‘we have an existing relationship with Space to trade, and now work with them on five shopping centres across our portfolio. We believe that in partnership with Space to trade we can improve the mall trader offer and complement the existing retail mix at Castlegate’.

For more information on how your business could benefit from working in partnership with Space to trade please contact Tina Shah on 07887 551 793372.




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