John Lewis deal to kickstart Eastgate Quarters retail development

Developer Hammerson has signed up John Lewis as an anchor tenant for its 拢550m Eastgate Quarters retail development in Leeds.

Hammerson said the deal would enable it to begin construction work in early 2014. Detailed design work will start this autumn

The 36,000m2 project will create two new retail streets drawing on Leeds鈥� arcade heritage.

Hammerson also said in a statement to the City that its portfolio is now 97% retail after the .

David Atkins, chief executive of Hammerson, said: 鈥淲e have created a focused retail business by accelerating our plans to sell the London office assets through a single transformational deal

鈥淲e expect to deliver further growth to shareholders by building scale in our chosen retail sectors through extensions, developments and acquisitions.鈥�

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