ESH advise on Suffolk Retail Park sale
Acting on behalf of clients Hobart Activum, ESH are delighted to have advised on the sale of Studlands Retail Park in Newmarket, to Hathaway Opportunity Fund.
ESH helped acquire the 73,000 sq ft retail park in early 2021 and successfully delivered on a progressive asset management strategy that involved 4 lease renewals/regears and 2 new lettings to enhance the overall income and expiry profile of the scheme.
Morgan Williams acted for the purchaser.
Barker & Stonehouse Open in Gateshead
Barker & Stonehouse have opened their brand new store in Gateshead. The established furniture retailer purchased the land through the simultaneous acquisition of the long leasehold from CBRE investment managers and freehold from a private investor. The store was built out and will be retained by Barker & Stonehouse.
The new unit extends to approx. 27,000 sq ft GIA and will greatly enhance Barker & Stonehouse’s offering in the region.
ESH represents Barker & Stonehouse.
New Lettings to Big Labels in Weybridge
ESH are delighted to have helped M7 secure new lettings to TK Maxx (now fitting out) and KFC at Weybridge – The Paddock Retail Park.
TKs are now installing their mezzanine and should be opening in July. KFC is a new build, with planning now granted and works commencing imminently, so they should be fitting out by late summer.
TK Maxx will occupy a unit extending to 10,089 sq ft GIa and have taken a new lease for 10 years whilst KFC’s new build unit will extend to approx. 1,800 sq ft GIA. KFC have agreed to a 20 year lease.
The Crown Estate sign three new occupiers
The Crown Estate have completed three new lettings to Greggs, Tui & Claires at Banbury Gateway Shopping Park. The three occupiers join The Works who opened on the scheme back in 2021. Greggs and Claires signed up to new 10 year leases, whilst Tui agreed a new 5 year lease.
ESH acted for The Crown Estate alongside joint agent Avison Young.
Pure Gym HIIT two more openings in Heanor & Yate
Pure Gym, advised by ESH have opened two further gyms in Yate & Heanor.
The leading discount gym operator has taken 11,400 sq ft over ground and first floor at Riverside Retail Park & Leisure Park in Yate. Ellandi are the Landlord. Pure Gym has also taken 6,700 sq ft over ground and mezz at Heanor Retail Park, Heanor. CBREIM are the Landlord.
Lidl disposes of solus Chichester asset
ESH are pleased to have acted on behalf of Lidl on the disposal of The Gym in Chichester to a private investor for £2,300,000.
The property consists of 13,279 sq ft of accommodation let to The Gym at £12.05 psf, expiring in August 2035.
ESH represents Columbia Threadneedle on the purchase of Parkgate Shopping Park
Columbia Threadneedle Investments, represented by ESH, have purchased the dominant Parkgate Shoppi...
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...