Queensgate Peterborough has announced that Goldsmiths will be significantly expanding its presence within the shopping centre, increasing its store size by 139%. The jeweller will launch a 6,674 sq ft unit adjacent to Skechers, providing more access to luxury brand collections. The new store, made possible by the amalgamation of two units, is set to open this summer following landlord investment.
Growth of Jewellery and Luxury Retail at Queensgate
Goldsmiths’ expansion places it alongside a range of established jewellery and watch brands at Queensgate, including Pandora, TAG Heuer, Swarovski, Fraser Hart, and Beaverbrooks. The latter recently opened its own upsized 4,324 sq ft store, following a £1.5 million investment after years of success at the centre.
Ongoing Retail and Leisure Developments
The expansion of Goldsmiths follows a period of growth at Queensgate. A 27,500 sq ft ODEON cinema was introduced late last year as the anchor of the centre’s new leisure extension, which also includes Putt & Play. New openings have included regional debuts for Søstrene Grene and Taco Bell, with further additions expected later in the year. Frasers Group is set to launch Frasers, Flannels, and Sports Direct at Queensgate, further expanding the retail offering.
Investment and Retail Commitments
Ed Ginn, Director of Investment Management at Invesco Real Estate, commented on the latest wave of retailer commitments:
“After years of investment, Queensgate has entered a new phase in its journey, with these additions boosting the centre’s trajectory. They’re confirmation of the success brands can have here and are exactly the kind of diverse options we want our visitors to enjoy – affordable to premium, retail to leisure – elevating our offer and creating a real point of difference from other destinations in the region.”
Frasers Group Expansion at Queensgate
Frasers Group has secured 92,500 sq ft at Queensgate, establishing a retail presence across three of its brands. This investment reflects retailer confidence in Queensgate and aligns with the ongoing expansion of Peterborough’s retail sector.
Advisory and Leasing Representation
The leasing process at Queensgate has been advised by CBRE, Time Retail Partners, and Sovereign Centros on behalf of Invesco Real Estate.
