Rushden Lakes at Nene Valley

Size

The entire freehold site ownership extends to 244 acres of which 31 acres are developable. 

Location

The site is located alongside the A45 on the edge of Rushden in Northamptonshire. The site is situated opposite a Waitrose Food & Home store, Wickes and a Lidl. The A45 is the main arterial route between Junction 15 of the M1 at Northampton and the A14/A1 Junction. The catchment area is large with over 100,000 people living within a 10 minute drive time and over 600,000 within a 30 minute drive time (2001 Census). 

Tenant(s)

Phase 1 - 100% let with tenants including M&S, House of Fraser, Primark and Next. (Complete and opened for trade in July 2017.)

Phase 2 - Tenants include Cineworld, Flipout, Nandos, GBK and Zizzi. (Under construction and completion due for late 2018)

Phase 3 - Tenants include Wren Living, Decathlon and Cotswold Outdoor. (Under construction and completion due for June 2018.)

Details

In October 2012, East Northamptonshire District Council unanimously resolved to grant planning permission at Rushden Lakes for 465,000 sq ft of mixed use retail and leisure. The Secretary of State ‘called In’ the application and an inquiry was held in June 2013. Planning was subsequently granted by the Secretary of State and Phase 1 opened for trade in July 2017..

Rushden Lakes has now been acquired by The Crown Estate and LXB have been retained as Development Manager to deliver the phased programme. TCE will fund the future development costs with LXB retaining responsibility for overseeing the development and lettings.

Rushden Lakes is being developed in three phases:

  • Construction of Phase 1, which includes three retail terraces and associated restaurants, is complete and opened to the public in July 2017. Phase 1 is anchored by M&S, House of Fraser and Primark with a further 30 retail units;
  • Phase 2 comprises an 14 screen cinema pre-let to Cineworld with further restaurants and a wider leisure offer. Construction commenced in mid 2017 and completion is due for late 2018;
  • Phase 3 comprises a 35,000 sq ft retail terrace at the entrance to the developemnt. Pre-lets are in place with Wren Living, Decathlon and Cotswold Outdoor. Completion is due for June 2018. 

More information can be found at www.rushdenlakes.com 

Please click the link below to view the Rushden Lakes at Nene Valley video presentation:

https://vimeo.com/213813839/dc7ad7d958