The Ashley Centre officially unveils JD’s regional flagship
The opening of leading sports fashion retailer, JD, is a significant addition to the scheme, elevating this category for visitors.
Epsom – 4 October 2023 – Landlord CBRE Investment Management (CBRE IM) celebrates the opening of JD, the leading sports fashion retailer in the UK and its 4,453 sq ft regional flagship at the Ashley Centre, Epsom.
Located in a prime space on the ground level near the central square, the sportswear giant builds upon the retail and fashion line-up within the Ashley Centre and provides exclusive products and its full range of clothing, footwear, and accessories. This includes footwear and clothing from leading brands such as Nike, adidas, The North Face, and Puma.
Louisa Butters, Head of Retail Asset Management UK at CBRE Investment Management, commented: “The unveiling of JD is reflective of our commitment to the refurbishment plans for the scheme and is a significant regional launch for the Ashley Centre. This new flagship store is just one of a number of new openings we have welcomed in the past six months, especially targeted to enhance the customer experience and is part of our ongoing strategy for the destination.”
James Air, Head of Group Acquisitions at JD, added: “JD is pleased to have opened a new store in the heart of The Ashley Centre. It was great to work with Duncan Kite and CBRE IM to make this happen and we are confident this will be a fantastic new store for the community.”
CBRE Investment Management is currently completing a £5 million refurbishment programme to revitalise the scheme in Epsom and the expansion of the retail offer, led by JD, is a key milestone for the project, due to be completed by the end of the year.
JD joins another recent entrant to the Ashley Centre, GAIL’s Bakery, providing visitors with a wider choice of high-profile brand names within its retail offer alongside Deichmann, Monsoon and NEXT.
GCW and Cushman and Wakefield represent the Ashley Centre. JD represented themselves.
ENDS
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $147.6 billion in assets under management* as of June 30, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
About JD
JD is a global retailer of Sport Fashion branded and own brand casual wear, combining internationally recognised brands such as Nike, adidas, Puma and The North Face, with strong own brand labels such as Pink Soda and Supply & Demand. JD is an industry leading retail business which combines the best of physical and digital retail to provide a compelling and elevated proposition, enabling its consumers to shop seamlessly across all channels.
JD’s strength in its core UK and Republic of Ireland markets is increasingly being complemented by further international expansion of the JD fascia across Europe, Asia Pacific, and the United States. JD now has over 900 stores in territories across the globe.