Fashion chain Gap has returned to Newcastle through the opening of an outlet store.

Gap Outlet have taken 7000 sq ft at Royal Quays Outlet Centre as a part of its UK expansion programme. The chain had a previous shop in the city, but closed a few years ago.

It has taken a five-year lease on a turnover basis.

Peter Everest of WD, the asset manager appointed to the scheme in 2006, said: ’I welcome GAP as the final piece of our restructuring of Royal Quays after acquiring it some 3 years ago. Gap join the other anchors, Marks & Spencer Outlet, Next, Nike, and Clarks’.

Letting agents for Royal Quays are Brian Oakwell & Co and Sanderson Wetherall. Michael Peddar & Co acted for Gap.

By David Doyle

Source: www.propertyweek.com, 02.07.09