The Trustees of the BlackRock UK Property Fund, advised by Edgerley Simpson Howe, have secured planning consent to let a store to Marks & Spencer Simply Food at Castlefields Retail Park in Wellingborough.
The retailer will open a 10,106 sq ft store in a former Allied Carpets unit on the retail park after being granted planning for food sales on the site earlier this month.
M&S Simply Food has taken a 15 year lease with a stepped rent over the first five years averaging £19.40 per sq ft. Work will begin shortly on the preparation of the unit allowing M&S to take possession in January next year and open during the Spring.
The prime scheme also includes retailers such as B&Q, Dunelm, Pets At Home and Dreams.
ESH advised BlackRock. M&S were advised by CBRE.