Retail Park
Prime scheme anchored by large Sainsburys foodstore. Retailers include Next, Sports Direct, Boots and McDonalds.
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Latest retail news in Theale
Mango to open flagship store at Basingstoke's Festival Place
Wed Aug 20 2025
Mango is set to open a new store at Festival Place in Basingstoke later this year. The fashion retailer's 7,104 sq ft space features the brand's 'New Med' concept, and offer a range of women's and men's clothing. Mango joins over 180 retailers at Festival Place, and becomes the scheme's first major signing since MDSR Investment's acquisition of the scheme in April for £99.1m. This latest opening forms part of Mango's latest strategic plan, which includes a roadmap to expand the retailer's store portfolio across the UK.
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Leisure operator bowls into Reading's The Oracle
Thu Aug 07 2025
Leisure operator Hollywood Bowl has opened at The Oracle shopping centre in Reading. Located within the former House of Fraser department store, the 38,000 sq ft venue features 24 bowling lanes and a sports bar, a first for Hollywood Bowl. The brand's arrival at The Oracle adds to the scheme’s Riverside leisure offer, providing a key new footfall generator. The launch also follows the recent opening of a new 45,000 sq ft TK Maxx store at The Oracle and comes ahead of the opening of a new 40,000 sq ft Zara store next year.
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Major shopping centre sold out of receivership for £99m
Thu Apr 17 2025
A major UK shopping centre has changed hands after being sold out of receivership. Savills, on behalf of receivers BDO, has sold Festival Place in Basingstoke to MDSR Investments for a total consideration of £99.1m. Comprising over 1.1 million sq ft set over 20 acres, Festival Place dominates the commercial core of the Hampshire town. The scheme is anchored by Marks & Spencer, Next, and H&M, with other occupiers including Superdrug, Apple, Nando’s, Sports Direct, Five Guys, TK Maxx, and Vue Cinema.
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