Pension scheme firm in 'significant' retail deal

A multi-billion-pound pension scheme manager has secured a retail deal.

Railpen has supported moves to sign fashion brand Belstaff at Caledonia Park.

Officials say the agreement represents “a significant endorsement” for the Gretna-based shopping site.

They add motorcycle-inspired waxed cotton and leather jacket retailer Belstaff will open a 2500sq ft unit “in the coming months”.

Alex Luker, senior asset manager at Railpen, which manages the £34 billion UK railways pension scheme from offices in London and Darlington, said: “Belstaff will attract a broad and engaged customer base from far and wide. 

“As we continue to invest in the long-term success of the destination, attracting brands of this calibre is central to our vision for Caledonia Park.”

The deal comes after Superdry & Co opened its first UK outlet store at the shopping venue.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.