December 2023
Exciting times at Reading Gateway
Following the opening of leading pet retailer Jollye’s at the end of November, Aldi have joined them also opening their doors last week.
They join the likes of Premier Inn, Costa, Nandos, Wren Kitchens and others already trading.
Edgerley Simpson Howe are proud to have acted for Abrdn on these lettings, working alongside our joint agent Fi Zeitlyn
For further details please contact Tim Hornor or Adam Patrick
November 2023
Columbia Threadneedle sign two new occupiers in Bournemouth
ESH has advised Columbia Threadneedle Investments on agreeing 2 new lettings to Farmfoods and Starbucks in the former Argos on Ringwood Road Retail Park in Bournemouth. Farmfoods have taken a new 15 year lease and Starbucks a 10 year lease. These new occupiers have joined Home Bargains, Sports Direct and TK Maxx on the scheme.
For further information please contact Chris Fenton
October 2023
TK Maxx opens in Banbury
TK Maxx opened their new store on Banbury Gateway Shopping Park in October. The former Outfit unit extends to 10,000 sq ft with a full cover mezzanine. TK Maxx have relocated from the town centre. We have also undertaken recent lettings to Greggs, TUI and Claires.
An exciting retailer will be coming to the Shopping Park next year.
ESH act on behalf of The Crown Estate along with our joint agents Park Place Retail.
September 2023
ESH represented Nuveen Real Estate on disposal of West Midlands retail warehouse unit
Nuveen, represented by ESH, have disposed of the Matalan in Kidderminster to a private investor for a sale price of £3,050,000.
The property is a standalone retail warehouse unit fully occupied by Matalan until December 2030. It consists of 31,114 sq ft let at a passing rent of £10.49 per sq ft.
July 2023
Lidl disposes of south east long income asset
ESH are pleased to have advised Lidl on the sale of Charters Estates Agents in Southampton. The asset was sold ahead of quote for a price of £1.35m, reflecting a 6.46% NIY. The purchaser was represented by CBRE.
The 6,533 sq ft prominent roadside unit is let to Charters Estate Agents Limited until August 2031 at a passing rent of £14.16 psf.
July 2023
LCP acquires dominant north east retail warehouse scheme
ESH are delighted to have represented LCP on the purchase of Alexandra Retail Park in Grimsby. The vendor was represented by Savills.
The park consists of approximately 126,000 sq ft of retail warehouse space, occupied by Food Warehouse, Pets at Home, Matalan, Poundstretcher, SCS, Argos and My Energi. The average passing rent is £10.80 per sq ft and WAULT of 3.7 yrs to expiry and 3.4 yrs to break.
