Hercules Unit Trust, the retail park fund advised by British Land and managed by Schroders, announced that Nike will open its first UK non-discount shopping park store at Broughton Shopping Park in Chester.
The store is due to open in October in a unit formerly occupied by JJB Sports. Edward Cree, senior asset manager for British Land, said: "We are continuing to actively evolve and reposition our shopping park portfolio. Nike is a fantastic addition to the park, will further broaden the offer at Broughton and adds another worldwide recognised brand to the Hercules portfolio."
The deal follows recent lettings to Cineworld, Frankie & Benny's, Pizza Express and Chiquito at a £13m leisure extension under construction on an underutilised area of car park.
Broughton Shopping Park, located just off Junction 35a of the A55, comprises 25 units, a stand-alone restaurant and a public house. Tesco and BHS anchor the scheme and other retailers include Topshop, River Island, Next, Boots and Costa Coffee.
HUT was represented by Savills and Morgan Williams.