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 advises on purchase of fully let south east park
ESH are delighted to have acted for an institutional investor on the acquisition of Churchill Retail Park in Andover. The vendor was represented by Montagu Evans.
The park is located in a prime retail warehouse position off Enham Arch roundabout. The scheme consists of 32,987 sq ft which is fully occupied by Currys, TK Maxx and Carpetright at an average passing rent of £16.60 per sq ft.
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.
Barker & Stonehouse Open in Gateshead
Barker & Stonehouse have opened their brand new store in Gateshead. The established furniture ...
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 We...