TJ Hughes to Anchor Wellgate Shopping Centre, Dundee

May 17, 2018

TJ Hughes are confirmed as a new anchor at Wellgate Shopping Centre in Dundee.

The Liverpool based discount department store which has been in existence since 1925 has agreed to a new 15-year lease on a 53,888 sq ft (5,006 sq m) retail unit, located at the main entrance to the centre. The flagship letting comes quickly on the back of agreeing a new lease with the discount gym operator, Xercise4Less, which has taken 31,000 sq ft (2,880 sq m) on the second floor on a 12 year lease. It is anticipated Xercise4Less will be open for trade by the end of July 2018 and TJ Hughes by October.

Other retailers at Wellgate include B&M, Holland & Barrett, Home Bargains, New Look, The Entertainer and Subway.

Richard Noble, managing director at FG Burnett which jointly advises the client at Wellgate with Savills, comments: “Xercise4Less, which operates 52 gyms in the UK, is new entrant to Dundee that will drive footfall into the Centre. It will attract a different customer, including students, arriving at the gym from early morning until late evening.”

Stuart Moncur, head of national retail at Savills, comments: “Our strategy has been to secure new anchor occupiers, and with the arrival of both Xercise4Less and TJ Hughes, we certainly believe the Wellgate is on the up.”

“TJ Hughes will occupy the former BHS store at the front of the Wellgate and will significantly improve the profile of the centre as well as drive substantial levels of footfall. We are excited about the prospects for Wellgate going forward and expect to have further new lettings to announce later in the year”.

TJ Hughes was advised by Tienda Property whilst CBRE advised Xercise4Less.

FG Burnett FG Burnett @FGBurnett Excellent opportunity to secure a newly refurbished landmark building in the heart of Aberdeen City Centre. For fu… https://t.co/TC664ss5z5 8 hours ago
FG Burnett FG Burnett @FGBurnett Despite the commonly held belief to the contrary, there is still life, interest and demand for buildings in all the… https://t.co/eYI2X6R81U 2 days ago
FG Burnett FG Burnett @FGBurnett Works are progressing well on the CAT A landlords fit out with exposed services at Floors 2 & 3, The Exchange 2, Ma… https://t.co/PUHk8dhT41 3 days ago
FG Burnett FG Burnett @FGBurnett Flexible Office & Storage Space To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 597536… https://t.co/98bGdjA0ee 3 days ago
FG Burnett FG Burnett @FGBurnett Retail Premises with benefit of Class 3 Takeaway Consent To Let. For further info please contact daniel.mitchell@f… https://t.co/Nn3fX2bRim 6 days ago
FG Burnett FG Burnett @FGBurnett It’s been a busy week for our Energy Team with a number of EPCs being lodged and further instructions received. Don… https://t.co/ZeacQphhwk 6 days ago
FG Burnett FG Burnett @FGBurnett TO LET - ground floor unit in established West End retail area of Aberdeen. Ingoing tenant may benefit from 100% r… https://t.co/E0L3fFGkVZ 1 week ago
FG Burnett FG Burnett @FGBurnett Opportunities to occupy New Build Landmark Pavilions. For further info please contact richard.noble@fgburnett.co.uk… https://t.co/oowVJEkAky 1 week ago
FG Burnett FG Burnett @FGBurnett A lunchtime walk in Stonehaven for our Head of Rating to catch a glimpse of the open air swimming pool brimming for… https://t.co/e1pxSS20KL 2 weeks ago
FG Burnett FG Burnett @FGBurnett FOR SALE - retail/office investment with asset managment opportunities in Leven town centre. For further details co… https://t.co/xAL2Yvc8Nh 2 weeks ago
FG Burnett FG Burnett @FGBurnett Modern High Specification Office Pavilion with 20 Car Parking Spaces To Let/For Sale. For further info please conta… https://t.co/pAsRn0ygOc 2 weeks ago
FG Burnett FG Burnett @FGBurnett Office & Workshop Accommodation To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 597536… https://t.co/WYLOJQo9Cf 2 weeks ago