Flurry of activity at Parkgate Shopping
ESH are proud to have helped deliver a flurry of deals on Parkgate Shopping, Rotherham for our client Tim Cornford @ Ellandi in the last few weeks, welcoming new names over the coming months including Frasers/Flannels, Wren Kitchens, Popeyes and a relocated, upsized Poundland. This along with lease regears completed with TK Maxx, Superdrug, Matalan and Wilko.
2023 is also looking to be nice and busy!
Thanks also to our joint agents Simon Cole & Richard Padley @ Smith Young.
ESH adds to investment team
Edgerley Simpson Howe are delighted to announce the recruitment of Dom Barnard as associate partner in our investment team.
Barnard leaves Cushman & Wakefield, where he worked in the retail warehouse capital markets team for seven years.
He has worked with a range of institutional investors as well as REITs and property companies in both acquisition and disposal roles.
At ESH he will advise clients of the investment team alongside Jamie Naughton, David Cooke and Flora Nash.
Adam Patrick, managing partner at ESH, said: “We identified Dom as someone who is young and ambitious, has all the right qualities and crucially has specific experience working within the retail warehouse space, an important attribute when joining a niche advisory business like ours.
“As an agile partnership we believe it’s important to continually improve the team so that we continue to provide our clients with the best possible advice.”
NEW INSTRUCTION: Lime Square Retail Park, Openshaw, Manchester
ESH are delighted to have been appointed by London & Cambridge Properties (LCP), alongside joint agents Barker Proudlove on Lime Square Retail Park in Openshaw, Manchester.
The scheme is anchored by a Morrisons foodstore with other occupiers including B&M, The Range, The Gym Group, Farmfoods, Savers & PDSA, among others. There are two units of approx. 7,028 sq ft & 3,120 sq ft available ‘to let’ subject to vacant possession so please get in touch with any potential requirements. For further information please contact Henry Phipps.
The Colonel comes to Taunton
BP Investment Management solely represented by ESH have successfully completed a new letting to Euro Garages t/a KFC at Taunton Retail Park.
Euro Garages have taken an unbroken 20 year lease on the former Pizza Hut unit extending to 3,163 sq ft GIA, which has been converted from a standalone restaurant unit into a fully functioning drive-thru unit. The rent agreed with the tenant pushes forward the rental income from this unit and the introduction of the drive-thru lane ensures the space is now aligned more closely with modern occupier requirements.
Loughborough gets the Royale treatment
Surrey County Council, solely advised by ESH, has completed a new letting to Burger King at Willowbrook Retail Park in Loughborough.
The global burger chain has taken a new 20 year lease on the former Pizza Hut unit, which extends to approximately 3,640 sq ft and occupies a prominent roadside position, fronting Derby Road. The deal was concluded in a timely fashion and significantly enhances the rental income from this unit.
Hattrick of deals at 28 East Retail Park
Savills IM, jointly advised by ESH and Xprop, has completed a trio of lease regears at 28 East Retail Park in Newport.
The Range have committed to a new 15 year lease to 2037, whilst B&M and Halfords have both signed 5 year reversionary leases, extending their occupation to 2032 and 2028 respectively. These initiatives not only demonstrate the retailers commitment to the scheme, but also significantly enhanced the WAULT whilst maintaining the income profile.
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 fo...
Lidl disposes of south east long income asset
ESH are pleased to have advised Lidl on the sale of Charters Estates Agents ...