Case Study
The Grafton Centre, Cambridge
BNP Paribas Real Estate advised LGIM Real Assets and Wrenbridge on the letting and development of the Grafton Centre in Cambridge.
The challenge
The centre was purchased by LGIM Real Assets in 2015 (advised by BNP Paribas Real Estate) and has since undergone a complete £28.5 million refurbishment. We have had to contend with various retailer administrations, including one of the anchor tenants, BHS, and an ever-changing retail environment.
The solution
We provided letting and development advice and have helped to reconfigure and re-anchor the centre. The former BHS is now an upsized H&M, including their Home concept, and a new “Food Social” dining area. We have also attracted Decathlon and a new flagship River Island store.
“As leasing agents on the 500,000 sq ft centre, we have been instrumental in providing leasing and development advice and improving the tenant mix.“
The Grafton Centre, Cambridge