Hammerson completes Oracle "repositioning" works with Zara regional flagship letting
Commercial property giant Hammerson has completed the first 'substantial' phase of a reworking of its Reading, Berkshire, shopping centre The Oracle, with the highlight a transformation of its former anchor department store into three new brand offers, including an all-new Zara.
Having already moved TK Maxx in May into a new space, this will be followed by a £4.5 million fit-out for a Hollywood Bowl leisure space opening in July on the Riverside, at a combined total of 120,000 sq ft of space.
The third and final letting is for a 'best in class' Zara with a new 40,000 sq ft regional flagship launching in the first half of 2026. This 'significant upsize' of will include the brand's latest concept and digital features, while offering a full range of womenswear, menswear and childrenswear.
Hammerson said the relocation of TK Maxx 'represents the trend of retail consolidation across the UK and its opening… led to queues and boosted footfall, with customers drawn to the brand's considerable line-up of home and fashionwear'.
It also noted that the Hollywood Bowl entertainment space, 'add[s] more reasons to visit The Oracle, day and night, providing a new and exciting draw to the catchment'.
Meanwhile, new Oracle lettings include Jewells and beauty brand Kiko as part of renewing the retail offer and mix.
Harry Badham, chief development and Asset Repositioning officer at Hammerson, said: 'We are confident, based on our track record, that the completion of this phase will hugely benefit customers and underpin the future retail evolution of The Oracle, firmly establishing its place as a top UK retail destination with its catchment of three million people.
'We won't stop here and are continuing to invest in the next phases of repositioning, putting The Oracle on the map for customers and brands.'
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Hammerson completes Oracle "repositioning" works with Zara regional flagship letting
Commercial property giant Hammerson has completed the first 'substantial' phase of a reworking of its Reading, Berkshire, shopping centre The Oracle, with the highlight a transformation of its former anchor department store into three new brand offers, including an all-new Zara. Having already moved TK Maxx in May into a new space, this will be followed by a £4.5 million fit-out for a Hollywood Bowl leisure space opening in July on the Riverside, at a combined total of 120,000 sq ft of space. The third and final letting is for a 'best in class' Zara with a new 40,000 sq ft regional flagship launching in the first half of 2026. This 'significant upsize' of will include the brand's latest concept and digital features, while offering a full range of womenswear, menswear and childrenswear. Hammerson said the relocation of TK Maxx 'represents the trend of retail consolidation across the UK and its opening… led to queues and boosted footfall, with customers drawn to the brand's considerable line-up of home and fashionwear'. It also noted that the Hollywood Bowl entertainment space, 'add[s] more reasons to visit The Oracle, day and night, providing a new and exciting draw to the catchment'. Meanwhile, new Oracle lettings include Jewells and beauty brand Kiko as part of renewing the retail offer and mix. Harry Badham, chief development and Asset Repositioning officer at Hammerson, said: 'We are confident, based on our track record, that the completion of this phase will hugely benefit customers and underpin the future retail evolution of The Oracle, firmly establishing its place as a top UK retail destination with its catchment of three million people. 'We won't stop here and are continuing to invest in the next phases of repositioning, putting The Oracle on the map for customers and brands.'
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Hammerson completes Oracle "repositioning" works with Zara regional flagship letting
Commercial property giant Hammerson has completed the first 'substantial' phase of a reworking of its Reading, Berkshire, shopping centre The Oracle, with the highlight a transformation of its former anchor department store into three new brand offers, including an all-new Zara. Having already moved TK Maxx in May into a new space, this will be followed by a £4.5 million fit-out for a Hollywood Bowl leisure space opening in July on the Riverside, at a combined total of 120,000 sq ft of space. The third and final letting is for a 'best in class' Zara with a new 40,000 sq ft regional flagship launching in the first half of 2026. This 'significant upsize' of will include the brand's latest concept and digital features, while offering a full range of womenswear, menswear and childrenswear. Hammerson said the relocation of TK Maxx 'represents the trend of retail consolidation across the UK and its opening… led to queues and boosted footfall, with customers drawn to the brand's considerable line-up of home and fashionwear'. It also noted that the Hollywood Bowl entertainment space, 'add[s] more reasons to visit The Oracle, day and night, providing a new and exciting draw to the catchment'. Meanwhile, new Oracle lettings include Jewells and beauty brand Kiko as part of renewing the retail offer and mix. Harry Badham, chief development and Asset Repositioning officer at Hammerson, said: 'We are confident, based on our track record, that the completion of this phase will hugely benefit customers and underpin the future retail evolution of The Oracle, firmly establishing its place as a top UK retail destination with its catchment of three million people. 'We won't stop here and are continuing to invest in the next phases of repositioning, putting The Oracle on the map for customers and brands.'
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