The Lexicon, the joint venture partnership between Schroder UK Real Estate Fund and Legal & General Capital, has announced that, Plush, Kokoro, GAIL’s Bakery, Yi Fang and Fone World will take a combined 26,354 sq ft at the scheme on a ten-year lease.
Home furnishing store Plush will open a new 19,210 sq ft flagship store offering a wide-range of innovative, comfortable furniture from premium quality brands.
Kokoro, a Korean Japanese takeaway, founded by Rak-Kyu Park in the UK more than a decade ago is opening a 803 sq ft location in the heart of Bracknell.
GAIL’s Bakery is also set to join the Lexicon, taking 2,634 sq ft and offering handmade bread, pastries and cakes and house blend speciality coffee.
Yi Fang will take 954 sq ft and bring its popular traditional fruit tea and tapioca pearl bubble drinks made with only natural ingredients to The Lexicon.
Finally, phone repair shop Fone World has taken on a 2,753 sq ft unit at the centre.
Commenting on these latest developments and the new arrivals, Harry Pickering, head of UK retail at Schroders, said: “The reopening of non-essential retail continues to breathe new life into the property industry, and open-air retail schemes, in particular, such as The Lexicon in Bracknell are still experiencing a high level of attraction with the diverse retail, F&B and leisure facilities it has to offer within a winning location.
“From our perspective, the key now is to prioritise making the shopping experience as exciting and enticing as possible, to continue restoring consumer confidence, and seize this opportunity to make up as much ground as possible on what has been a damaging year for the sector.
“To that end the addition of these five important new occupiers, including three important F&B operators will only help re-enliven The Lexicon’s offering. This is set to bolster Bracknell’s regeneration allowing the retail market to grow from strength to strength as the pandemic subsides and a bright future lies ahead.”
The joint agents for The Lexicon, Bracknell are CBRE and Lunson Mitchenall.