Industry news

Hermes secures Yankee Candle and Cath Kidston at Royal Victoria Place


Hermes Investment Management, the £30.1 billion manager, has signed Yankee Candle and Cath Kidston to its Royal Victoria Place shopping centre (RVP) in Royal Tunbridge Wells, Kent. These new lettings further strengthen the retail line up at the 300,000 sq ft RVP – reinforcing its position as the prime retail location in West Kent.

Yankee Candle, an American retailer which sells scented candles and gifts in nearly 50 countries around the world will occupy 1,014 sq ft at its new store at RVP. The brand will appeal to RVP’s affluent customer base by trading its full range of fragranced pieces.

Hermes has also signed a deal with Cath Kidston, a British lifestyle brand with unique, colourful and witty prints founded in 1993 in West London. Cath Kidston is taking a 1,002 sq ft store in a prime location near the entrance to the mall.

RVP boasts an enviable retail offer, anchored by Fenwick and M&S. The wider retail line-up includes Hobbs, French Connection, L’Occitane en Provence and Oliver Bonas.

Christina Holland, Asset Manager at Hermes Investment Management said: “Cath Kidston and Yankee Candle are excellent additions to our diverse line up at Royal Victoria Place. Both are highly popular brands and offer unique product ranges to the centre’s loyal customer base.”

Sarah Senior, Head of Retail Development at Yankee Candle said: “We are really pleased to open the new Yankee Candle store in Tunbridge Wells. This new store will significantly strengthen our presence at Royal Victoria Place, we are sure that it will offer our shoppers a great in-store experience and an excellent range of new and exciting products.”

Sue Carvell, Commercial Director at Cath Kidston said: “We’re really excited to open our new store at West Kent’s largest shopping centre. Our quintessential British lifestyle brand fits in perfectly with the excellent mix of retailers already at Royal Victoria Place.”

Both CBRE and Colliers International advised Hermes.

 

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