ESH acting for of the owner, Savills Investment Management on behalf of The Charities Property Fund, have completed a letting to Dreams Beds on this 9,907 sq ft former Poundstretcher unit on a new 10 year lease.  Dreams have since opened and installed a large premium “Feather & Black” concession within the store alongside the usual Dreams offering.

Knight Frank Investment Management, advised by ESH, have completed on the development of an Aldi and Home Bargains on Beacon Hill Road in Fleet. The purchase was a forward commitment with the tenants due to be open and trading shortly.

Upon completion Aldi will be secured for a term of 20 years and Home Bargains 15 years with an average rent of £17.78 per sq ft. The price paid was £10.975 million. Lewis & Partners and Avison Young acted for the developer.

ESH, acting for CBRE Investment Management, have completed a series of lease regears and a new letting on every unit at this busy retail park in recent months.  The scheme is situated alongside a Waitrose foodstore and within walking distance of Bury St Edmunds town centre and leisure park.  Both TK Maxx and Halfords have extended their leases by 5 years whilst rebasing their rents to market levels.  Separately our clients have completed a new letting of the former PC World to The Gym Group who’ve taken a 15 year lease on 13,002 sq ft following the landlord obtaining a widened planning consent for gym use on that space.

Abrdn, represented by ESH, have disposed the of Winterhill Retail Park in Milton Keynes owned on a Long Leasehold of c.90 years. The prime furniture park investment was purchased by Clearbell for a price of £15,500,000.

The scheme is let to Dunelm, Bensons for Beds, Fabb Furniture, Sofology, NCF Living and Natuzzi at an average rent of  approximately £20 per sq ft, with a WAULT to break of 4.75 years.

FPG, represented by ESH, have purchased the discount food anchored Crossley Retail Park in Halifax. The asset was sold by CBRE IM for a price of £9,350,000.

The scheme is fully let to Aldi, Home Bargains, Halfords, Pets at Home and Iceland at an average rent of £11.57 per sq ft, with a WAULT of 6.5 yrs to break and 7.11 years to expiry.

London Metric, advised by ESH, have successfully completed the purchase of a solus retail warehouse investment at Westwood Cross in Thanet from abrdn.

The unit is let to DFS for over 9 years and the price of £3.785m reflected a net initial yield of approximately 6.75%.