Aberdeen Standard Investments secure two new lettings in Colchester.

Aberdeen Standard Investments, advised by ESH have completed two new lettings to Pure Gym and Subway at Colchester Retail Park. The tenants will occupy a sub-division of the unit formerly occupied by DW Sports and line-up alongside occupiers including Matalan, Poundland, Shoezone, Choice Discount Stores and Starbucks.

Pure Gym have taken a 15 year lease on the premises extending to approximately 10,400 sq ft and are expected to open to members in Spring 2020.

Subway have also taken a 15 year lease on a unit extending to approximately 1,200 sq ft.

Topps Tiles take new lease in Banbury.

Topps Tiles are set to open a new store at the two-unit Linkway scheme on Southam Road, Banbury, adjacent to Wickes.

The tiling specialist retailer has agreed a 10 year lease on a unit formerly occupied by Office Outlet and it will become of their largest stores to date extending to approximately 10,500 sq ft.

The letting will see Topps Tiles re-locate from their existing unit along Southam Road, adjacent to Dunelm.

ESH acted for the Landlord, Barings Real Estate.

ESH represents institutional client on retail warehouse portfolio sale.

An institutional client, advised by ESH, has successfully completed the sale of a retail warehouse portfolio. The price paid was a headline of approximately £190 million and includes assets in Guildford, Crawley and Luton.

Primark continue UK expansion with Tamworth addition

The global fashion retailer Primark is continuing its UK expansion by signing a new 10 year lease on Phase 1, Ventura Retail Park.

The unit which is currently under construction is due to open later this year and will comprise a total GIA of approximately 49,000 sq ft across two floors.

Primark intend to continue their UK expansion over the coming financial year having announced 18 possible new store openings.

ESH advised Primark.

Download here: ESH 2019 Highlights

Natuzzi take new lease in Stoke-on-Trent & AHF agree new lease

The Italian furniture retailer Natuzzi has completed a new lease on a unit at Octagon Retail Park. The retailer has signed a new 10 year lease on a unit extending approximately 10,000 sq ft. AHF has also committed to the scheme longer term by agreeing a new 10 year lease on their existing unit.

The landlord Clearbell Capital is now in the process of re-configuring the DFS unit which includes proposals to construct a new 5,000 sq ft unit. Planning consent has been achieved for the new unit which will be available in late 2020.

ESH advised Clearbell Capital.