Iceland has taken 10,504 sq ft of a subdivided former Comet store on a new 15-year lease and will pay a rent of £12.38 per sq ft while Pets At Home has signed a 10-year lease on the other 10,501 sq ft of the store.
Poundworld Retail has leased a 10,555 sq ft unit to open its new multi-price format Bargain Buys at a rent of £12.50 per sq ft on a10-year term. Sport Direct has also signed up for 12,511 sq ft on a 10-year lease at £11 per sq ft
Tom Elviss of Aberdeen Asset Management said: “After experiencing the disappointment of 3 tenants entering administration in close succession in early 2013, it is a fantastic turnaround, that we are now fully let with such a strong tenant line up. Their long term commitment to Kingsway Retail Park is great news for the local community”.
The other retailers on the park are Asda, The Range and McDonalds.
Mason Owen advised Iceland; Pets At Home was represented by Curson Sowerby and Francis & Company acted on behalf of Poundworld Retail. Sports Direct were unrepresented.