ESH advises landlord client M&G Real Estate on Carlisle lettings.

ESH acting on behalf of landlord client M&G Real Estate have successfully completed two lettings to B&M and Smyths Toys at Kingstown Retail Park, Carlisle.

Both tenants occupy a sub-division of the former Homebase unit, which has been extensively refurbished by the landlord. B&M has agreed a new 15 year lease on a unit extending to approx. 24,450 sq ft, whilst Smyths Toys has also agreed a new 15 year lease on a unit extending to approx. 15,000 sq ft.

The scheme is now fully let with existing occupiers including Curry’s PC World, Next, M&S, Hobbycraft and Argos.

Local Authority purchases in-borough Waitrose foodstore.

A Local Authority client of ESH has successfully completed the purchase of an in-borough foodstore asset let to Waitrose.

The foodstore is let for approximately 8 years with ancillary shop income. It also occupies a prominent town centre position, providing in-borough regeneration potential for the Local Authority in the long term.

The Local Authority, advised by ESH, purchased the asset for £9.65m, reflecting a net initial yield of 6.95%.

ARP Properties secure B&M letting & Matalan re-gear in Cardiff.

ARP Properties have successfully secured a new letting to B&M at Avenue Retail Park, Cardiff .

The essential, FTSE 100 retailer will occupy with the former Homebase unit, which extends to approximately 46,000 sq ft on a new 10 year lease. Other occupiers on the scheme include Home Bargains, M&S and Matalan who also committed to the scheme longer term by means of a lease re-gear extending the unexpired term of the unit to 10 years.

Edgerley Simpson Howe represent the Landlord ARP Properties.

Aberdeen Standard Investments agree new lettings in Milton Keynes.

Aberdeen Standard Investments have completed two new lettings at Winterhill Retail Park, Milton Keynes.

Following the corporate restructuring by Harveys/ Bensons for Beds last year, the furniture retailer has relocated within the scheme to occupy the former Paul Simon unit, adjoining Dunelm, which extends to approx. 6,800 sq ft. Bensons for Beds will occupy the premises on a new 10 year lease.

At the same time, AHF agreed to take the existing Harveys unit extending to 13,500 sq ft on a new 10 year lease. The unit, when open will be traded under the Fabb Furniture banner. Milton Keynes will be the retailer’s 17th store in all—including the Nasons of Canterbury branch it picked up in 2018—with it having also lined up an 18th, at Fosse Park, Leicester which is due to open in spring 2021.

The Winterhill scheme is home to the majority of nationally-operating furniture and floorcoverings retailers.

Edgerley Simpson Howe act on behalf of the Landlord, Aberdeen Standard Investments.

ESH complete duo of Poundland lettings.

ESH have successfully completed two new lettings to the discount retailer Poundland. The new lettings at St Augustin Retail Park, Grantham and The Broad Centre, Sutton in Ashfield will be opened along with four other stores as part of the retailers ‘Super Saturday’ opening day prior to Christmas.

At Augustin Retail Park, Grantham, Poundland will occupy a unit of 8,285 sq ft alongside other occupiers including Sports Direct, Iceland, Next and Pets at Home. The scheme remains fully let. ESH represents the Landlord Aberdeen Standard Investments.

At The Broad Centre, Sutton in Ashfield, Poundland will occupy the former Poundstretcher unit which extends to c.8,000 sq ft. Other tenants include Lidl, Matalan, Pets at Home and Anytime Fitness. ESH represents the Landlord Orchard Street Investment Management.

The Food Warehouse expands portfolio with Weymouth acquisition.

The Food Warehouse, run by retail giants Iceland, will open at the former Aldi at Jubilee Retail Park in January 2021.

Edgerley Simpson Howe, acting on behalf of the Landlord Aberdeen Standard Investments successfully agreed a surrender with Aldi, who occupied the c.12,000 sq ft premises on a long leasehold agreement and agreed a new letting to The Food Warehouse on a 10 year lease. The Food Warehouse will commence fitting out in December with the store set to open to customers in January 2021.

The Food Warehouse joins occupiers Matalan, Curry’s PC World, Pets at Home and Carpetright.