14 Jul 2017

MMX Retail acquire Smiggle’s 100th Store in the UK

MMX Retail are proud to have acted on the acquisition of retained client Smiggle’s 100th store in the UK. The new store at Drake’s Circus, Plymouth opened in late June on the upper level within in this successful Regional Mall.

The unit provides approximately 650 sq ft, with a small area of remote storage.  The store benefits form a double height frontage which Smiggle have dressed to maximise brand awareness to the  18 m footfall in the scheme.

Nick Symons partner at MMX Retail comments “Plymouth is a strong regional centre and Drake Circus has a successful tenant mix, ideally designed to the Smiggle target customer.

Since the first Smiggle store opened in the UK in March 2014, the new stores have traded exceptionally well and we are delighted to advise on the continued nationwide roll-out”.

Alex Peck, Associate Partner, added “With the store programme for 2017 now finalised, we are now looking at new opportunities for Spring 2018 and beyond in some of the UK’s smaller retail locations, outside the top 150 centres. Ideal stores provide opportunity 800 sq ft with minimum sales area of 600 sq ft in prime footfall locations”.

For further information about potential target locations please contact Nick Symons or Alex Peck.