NEXT have opened a 50,000 square foot store at Parkway
NEXT OPENS 50,000+ SQ FT STORE IN ASI’S PARKWAY, NEWBURY
Aberdeen Standard Investment’s Pooled Pension Fund and Next have exchanged contracts for a new 50,000+ sq. ft Next store in Parkway, Newbury, opening summer 2021.
The store will carry their full ranges of ladies wear, menswear kids wear, home ware and will have a Mamas & Papas concession. There are also plans to incorporate a café.
Angus Stenhouse, Senior Asset Manager at Aberdeen Standard Investments said: “This vote of confidence by Next strengthens Newbury’s reputation as a strong retail destination within its catchment and the M4 corridor. Having recently closed the retail park store, choosing Parkway shows Next’s belief in thefuture of The High Street.”
Advisers tothe deal were Lunson Mitchenall for ASI and Savills for Next.