Orchard Street Investment Management has signed up Gap at its Gretna Gateway development.

The scheme, a 125,000 sq ft retail outlet centre on the M6 at Gretna, in the Scottish Borders, will see the 6,000 sq ft store open in November.

Gap, the US clothing retailer, is taking a new ten year lease and joins Marks & Spencer, among others.

Orchard Street is also planning to extend the centre and have submitted a detailed planning application for a 15,000 sq ft phase three.

Phillip Rodger, head of asset management at Orchard Street, said: ‘Our plans for phase three will improve the retail environment and will enlarge the space available for occupiers.’

Letting agents for the project are CHD Property.

By Laura Chesters

Source: www.propertyweek.com, 21.07.2009