Newspaper article The Journal (Newcastle, England)

Teesside Is Dominant Force E in Out-of-Town Retailing; Good Opportunities Are Available at Teesside and Wearside's Out-of-Town Retail Parks

Newspaper article The Journal (Newcastle, England)

Teesside Is Dominant Force E in Out-of-Town Retailing; Good Opportunities Are Available at Teesside and Wearside's Out-of-Town Retail Parks

Article excerpt

Byline: Mike Birkett

TEESSIDE commands the highest out-of-town rents in the North East, though rents in general retail parks under-perform those found on Tyneside.

The reason for this apparently diverse performance is the stranglehold the Teesside Retail Park has over the market.

Its location, off the A66 immediately west of Middlesbrough and south of the centre of Stockton, enables the park to tap straight into the main population of Teesside and the nearby A19 gives a far larger catchment both north and south of the river Tees.

So it is without doubt the dominant force with rents at pounds 40 per sq ft compared with the next tier rent of pounds 20 per sq ft for the Arnison Centre north of Durham. Rents for out-of-town retail parks are as low as pounds 13.50 per sq ft at Hylton Riverside, Sunderland.

A DV I C Birkett, retail

Teesside Retail Park has the scale of offer found at Silverlink in North Tyneside. It is big and is not just about retail but leisure too. It provides supermarkets, home improvement centres, lifestyle stores, entertainment, fitness and beauty centres, along with a selection of restaurants and ample free parking - a scale of offer that cannot be matched by other retail parks in this part of the North East.

Though attempts through planning policies have been implemented to prevent out-of-town retailing competing with town centres they were too late to impact on the scale of development at Teesside Retail Park.

The park also benefited from the trend of some high-street retailers to open large outlets 'out-of-town' so that shoppers can access many high-street names such as Next, M& S, River Island, Bank, Laura Ashley, Topshop, Miss Selfridge, Burtons, Topman and many more.

There are the traditional electrical retailers such as PC World, Comet, Currys and Staples as well as an extensive list of other retailers including Asda Living, Morrisons, WH Smith, Mothercare and TK Maxx.

The food offer includes TGI Fridays, Pizza Express, Frankie & Bennys and Burger King and there is entertainment through Showcase Cinemas, Hollywood Bowl and Bingo!

i ke Director of at BNP

The point of this exhaustive list is to emphasise that under the present economic recession shoppers find free parking and easy access a huge bonus compared with that search for a car parking space in a town centre, often some distance from the shops themselves.

Out-of-town retailing is not just about Teesside Retail Park though. On recent inspection the Arnison Centre was reasonably busy and there are opportunities for retailers to snap up some remaining space at rents about half those at Teesside.

RECESSION RAISES RENTAL OPPORTUNITIES

Andrew Wilkinson, a director of Sanderson Weatherall.

THE North East's out-of-town shopping sector has been a curate's egg of opportunities and pitfalls for retailers - and to a certain extent, landlords - in recent times. …

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