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 advises on acquisition of long-let Premier Inn
ESH have advised their private client on the acquisition of the Premier Inn in Birkenhead for a purchase price of £4,700,000. Stephens Maguire acted for the vendor.
The property is a 67 room hotel occupied by Premier Inn with an attractive unexpired term for over 12 years to break and 17 years to expiry.
GJL Property Developers fully let Friary Retail Park
Acting on behalf of GJL Property Developers Limited, ESH along with joint agents Harvey Spack Field have transformed the scheme from 1 trading tenant in June 2022 to a fully let position in 4 months.
New lettings have been agreed with Majestic Wine, IVC Evidensia and The Gym Group. Please contact Chris Fenton further.
Savills IM brew new Costa and Greggs lettings in Uttoxeter
Savills Investment Management on behalf of the Charities Property Fund has completed two new lettings to Costa Coffee and Greggs at Dovefields Retail Park in Uttoxeter.
Costa and Greggs have both signed new 10 year leases on 1,861 sq ft GIA & 1,518 sq ft GIA respectively. The unit formerly occupied by a Frankie & Benny’s restaurant has been subdivided by the Landlord to suit operator requirements. The Costa is now open and Greggs is set to open shortly.
ESH acted solely on behalf of Savills IM.
Ropemaker Properties add to the Tenant blend in Walsall with new Costa letting
Ropemaker Properties, solely advised by ESH have successfully completed a new letting to Costa Coffee at Reedswood Retail Park Walsall.
Costa have taken occupation of the former Carphone Warehouse unit on the Park, which has now been converted into a fit for purpose drive-thru unit extending to approx. 2,200 sq ft GIA. Costa have taken a new 15 year lease on the unit. The letting will further enhance the existing F&B offering at the fully let scheme and is illustrative of the continuing strength of the drive-thru/ roadside market.
NEW INSTRUCTION: Springfields Retail Park, Newcastle-Under-Lyme.
NEW INSTRUCTION: ESH are delighted to have been appointed by Glenbrook, alongside joint agents Petch & Co, on Springfields Retail Park in Newcastle-Under-Lyme.
The scheme has a great line-up including B&M, The Food Warehouse, Pets at Home and Halfords, with Greggs drive thru coming soon (STP). There is a final unit of 6,931 sq ft immediately available, so please get in touch with any potential requirements. For further information please contact either Adam Patrick or Giles Pickford.
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...