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The Lexicon announces new retail lettings

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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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The Lexicon has secured new lettings to Giggling Squid, Søstrene Grene, Robert Dyas, Five Guys, ChopStix, German Doner Kebab, Tortilla, and Mr Simms who have taken a combined 23,500 sq ft of retail and F&B space at the Bracknell shopping centre.

The leasing activity follows the shopping centre’s continued strong demand, with the centre now 94% let by floor area. 

Danish retail chain Søstrene Grene and well-known home store Robert Dyas both occupy units on Braccan Walk, with Søstrene Grene taking 6,000 sq ft of space. The Danish retailer offers home interiors, furniture, hobby items, kitchen supplies and children’s toys, among other things. 

Meanwhile, Robert Dyas occupies a 4,000 sq ft unit providing shoppers with a range of housewares, small electrical appliances, gardening products, kitchenware, DIY and consumer electronics. 

Mr Simms Sweet Shop, the largest chain of traditional sweet shops, will be opening its first outlet in Bracknell after signing a 10-year lease for a 500 sq ft unit on the high street. This will take occupancy at that part of The Lexicon to almost 100%. 

Alongside the new arrivals, the leasing team managing The Lexicon also completed several lease renewals and re-gears, with popular occupiers including Fat Face, Mountain Warehouse, Flying Tiger, Timberland, Clintons, Costa, L’Occitane, and New Look.

Tom Woolven, asset manager at Schroders Capital’s real estate team, said: “These latest lettings and international awards demonstrate how The Lexicon’s innovative urban design has enabled the Schroders Capital team to attract leading retail and F&B brands despite a challenging retail market nationally.

“The new recent lettings, along with several exciting new arrivals due to be announced later this year, combined with the plans to further enhance the centre and a host of regular community events will ensure The Lexicon remains a thriving retail destination which continues to attract people from across the Thames Valley and beyond.”  

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