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July 2020

Aberdeen standard investments secure new LIDL letting in Basingstoke

Aberdeen Standard Investments secure new Lidl letting in Basingstoke.

Aberdeen Standard Investments have successfully secured a new letting to Lidl at Hatch Warren Retail Park, whilst furniture retailer Dreams has relocated within the scheme.

Lidl have taken a new 23 year lease on a 20,500 sq ft unit formed of the former Dreams unit and the adjacent former Argos unit, who vacated at lease expiry. Dreams have relocated to the former Ponden Homes unit within the scheme on a 10 year lease.

ESH acted for Aberdeen Standard Investments.

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June 2020

CCLA acquire prime Leeds asset

CCLA acquire prime Leeds asset.

CCLA has successfully acquired The Range unit, which forms part of Birstall Shopping Park.

The solus store which extends to approx. 43,000 sq ft was previously occupied by Toys R Us but fell vacant following the retailers administration. The Range opened in October 2019 and is positioned in a prime out-of-town retailing destination alongside Birstall Retail Park. Adjacent and nearby occupiers include IKEA, Next, Boots, M&S, Curry’s, Pets at Home & Barker & Stonehouse.

The unit is let off a low starting rent of £10.00 per sq ft and benefits from a WAULT of 10 years. CCLA purchased the asset for £5.545m, reflecting a net initial yield of 7.25%.

Edgerley Simpson Howe acted on behalf of CCLA.

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May 2020

PICTON COMPLETE FARMFOODS LETTING AND PETS AT HOME LEASE EXTENSION IN SWANSEA

Picton complete new Farmfoods letting and Pets at Home lease extension in Swansea.

Despite the uncertainty created by the coronavirus pandemic, Picton have successfully completed transactions with two essential retailers at Parc Tawe Retail Park (North), Swansea, following the recent upsize of Lidl, which opened in November 2019.

Farmfoods completed a new 15 year lease in the unit formerly occupied by Lidl extending to 10,000 sq ft.

Pets at Home occupy a unit of 10,000 sq ft and have agreed to extend the current expiry of their lease by five years to 2027.

Lidl upsized into the former Homebase unit extending to 36,000 sq ft on a new 20 year lease.

Jay Cable, Head of Asset Management at Picton, commented “In a challenging market, we are delighted to have worked with our existing occupiers to satisfy their requirements and to welcome Farmfoods to the park. The demand for space is a testament to how our occupiers are trading and how the park presents to customers following recent modernisation works.”

Edgerley Simpson Howe and Fletcher Morgan represent Picton.

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April 2020

PUREGYM continue growth across London

Pure Gym continue growth across London

Pure Gym have continued their growth across London having completed a sub-lease from UBS on the lower ground floor at 21 Lombard Street adjacent to Bank station.

Pure Gym is one of the largest gym operators in the UK and have acquired further sites across London and the UK throughout the beginning of the year. ESH acted for Pure Gym.

 


Pictured: 21 Lombard Street

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March 2020

Aberdeen standard investments complete sale of retail park portfolio

Aberdeen Standard Investments complete sale of retail park portfolio

Aberdeen Standard Investments have completed on the sale of 6 retail parks with a combined capital value of over £290m in Q4 2019 and Q1 2020.

The retail parks were located in Guildford, Crawley, Luton, Solihull, Chippenham and Horsham.

ESH solely advised Aberdeen Standard Investments.

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March 2020

Starbucks complete trio of new drive thu units in Coventry

Starbucks complete trio of new drive thru units in Coventry. 

Starbucks Equity have recently completed on three new leaseholds, each for a term of 15 years.

The three locations are:

  • Vanguard Avenue
  • Crosspoint Business Park
  • Binley Wood, A46

ESH advised Starbucks Equity on the three drive-thru units.

January 2024

ESH represents Columbia Threadneedle on the purchase of Parkgate Shopping Park

Columbia Threadneedle Investments, represented by ESH, have purchased the dominant Parkgate Shoppi...

January 2024

ESH represents Fund on sale of south-east foodstore investment

Savills IM, represented by ESH, have disposed of the Waitrose in Kings Hill, Kent to a private ove...

December 2023

ESH advises on the sale of south-east retail park

ESH, on behalf of a client, has disposed of Hampden Park in Eastbourne to a private investor. The ...