Ardent continues to improve tenant diversity
Swedish electric car brand Polestar has opened its first outlet in the Midlands at the Touchwood shopping center in Solihull.
The arrival of Polestar is part of the wider diversification of Touchwood’s offering by center owner The Ardent Companies UK (“Ardent UK”), the buying subsidiary of the US property investment firm and asset management company The Ardent Companies, alongside named asset manager Sovereign Centro.
The all-electric carmaker has taken up 5,100 square feet of space on a new ten-year lease, showcasing its cutting-edge technology and immersive in-store experience in the affluent basin of Solihull. The arrival comes following the recent opening of Swiss watchmaker Tag Heuer, which trades from a 1,620-square-foot store within Touchwood’s Crescent Arcade.
Leases at Polestar and Tag Heuer further improved the mix of retail, leisure and dining tenants in Touchwood, in line with the program’s broader strategy. They follow Ardent UK’s acquisition of Touchwood in July last year and the subsequent appointment of Sovereign Centros as asset manager to deliver proactive environmental improvements in conjunction with retailers and operators. new and existing.
Andrew Hilston, Managing Director of Ardent, said: “We are delighted to welcome Polestar to Touchwood. Polestar is an innovative industry leader and will be bringing a whole new offering to our tenant lineup, in tandem with Tag Heuer. The next few months are an exciting time for Touchwood as it prepares to play a leading role in the Council’s ambitious growth plans, particularly with the 2022 Commonwealth Games fast approaching, during which Solihull will host more than half of the events.