The new owner of Cwmbran Centre is celebrating after attracting a national food and beverage operator to a large unit that has been empty for ten years.
The Loungers group, which also operates Cosy Club, is opening the Carro Lounge in the former Square Inn, Gwent Square, which was last occupied in 2012, and will serve a broad range of food and drink all day, every day, including gluten-free and vegan standalone menus.
It has agreed a 15-year lease with national commercial property and investment company LCP, which owns and manages the centre, for the 4700 sq ft unit.
A spokesman for Lounge said:
“As a business, we are passionate about how each and every one of our Lounge’s teams become engaged and embedded within their local communities and will be looking to hire those keen to make a difference in the local area.
“Our teams are encouraged to connect with their communities by working with local groups, charities, organisations and businesses that are at the heart of the fabric of local life. We want to get to know and work with our neighbours and inspire people to do good by supporting each other and supporting local good causes.”
Alex Williams, LCP asset manager, said:
“When LCP acquired Cwmbran Centre earlier this year, it made a commitment to improving the offer and attracting new tenants. This intensive asset management approach has paid dividends in only a few months, with the Loungers group taking this strategically important space that has lain empty for years.
“We are confident that local shoppers will welcome the arrival of Carro Lounge, which has a reputation for its quirky and unusual interiors. We’re looking forward to it opening its doors.”
Fit out is expected to start shortly, with a planned opening before Christmas.
Carro Lounge is the latest occupier to commit to opening at Cwmbran Centre. Last month, LCP announced that four new tenants, including Geek Retreat, had signed leases to open at the centre. All are fitting out their respective stores, ready to open to the public in the next few weeks.
Cwmbran Centre has 180 retail units over 740,000 sq ft and is anchored by a 100,000 sq ft Asda and has a 48,000 sq ft Primark. Other leading brands include JD Sports, River Island, Superdrug, New Look and Deichmann and there are 3,000 free car parking spaces and a dedicated bus station.
Will Thomas at KLM and Philip Gwyther at EJ Hales acted on behalf of LCP