Pentagon stakes claim for retail boost
by Marco Cillario Wed 14 December 2016, 2:52 pm
The ground floor of a shopping centre in Chatham is almost fully let, with owners now set to turn their attention to the first floor, attracting new occupiers and investing in infrastructure.
Famous jewellery brand Pandora opened a concept store at The Pentagon Shopping Centre in October, pushing the ground floor towards near full occupation.
A new logo was launched in November, and the centre is now carrying out further rebranding, which will include new wayfaring signs in 2017.
The opening of Pandora followed that of a Deichmann shoe store in the spring, replacing WH Smith. A number of other retailers have extended their existing leases, such as fashion store Blue Inc, while others have taken up more space: JD Sport has expanded from a single to a triple unit.
The shopping centre was acquired in 2015 by a joint venture between Ellandi and Bridges Ventures.
Ellandi’s asset management director, Alex Brooker, told Medway1 that the company’s aim is to extend the tenant mix. “We want the Pentagon to be a community shopping centre,” he said.