Cube RE (Cube), on behalf of NFUM, has secured a new lease with Escape Hunt at Cathedral Square, Worcester in the latest deal over the last 12 months.
The Escape Room franchise has taken a new lease on a 3,369 sq ft unit within the Cathedral Square scheme, which encompasses high street frontages and a multi-dimensional tenant mix from retail, leisure and office space, plus an open square adjacent to the cathedral.
This latest letting follows a round of new leases agreed, including new local businesses for the scheme: Retroits Arcade, who have taken 2,623 sq ft; Four Leaf Piercing, which now occupies 1,638 sq ft and; Worcester Computers, taking 3,102 sq ft. New leases have also been agreed with Pizza Express (4,530 sq ft) and Fitness 4 less (13,299 sq ft).
Nicole van Zyl, Asset Management Director at Cube, says: “We also have another lease about to complete to food retailer, taking 2,2826 sq ft, which brings us to 99.3% of the 208,763 sq ft of retail space let, under offer or in legals. Since the start of 2024, we have reduced the vacancy rate from 12% to 0.7% - with just one unit remaining available.
“We are proud to promote and work with local and small businesses and it is great to see the new buzz the local operators have created on the formally quiet Pump Street and College Street. Escape Hunt was the final piece of the puzzle, making Cathedral Square a true retail, F&B and Leisure destination.”
These latest new occupiers add to the strong and varied tenant mix at Cathedral Square which include Five Guys, Cosy Club, The Botanist, Miller & Carter and H&M, Poundland, White Stuff and Next.
Sitting in a prime location within Worcester, Cathedral Square has a dedicated 331-space multi-storey car park, and the adjoining six-screen cinema helps to bring in many repeat visitors.
Cube also manages the shopping centre assets Swan Walk, Horsham and St Andrews Square, Droitwich on behalf of the Hathaway Opportunity Fund (“HOF”).