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 Weybridge – The Paddock Retail Park.
TKs are now installing their mezzanine and should be opening in July. KFC is a new build, with planning now granted and works commencing imminently, so they should be fitting out by late summer.
TK Maxx will occupy a unit extending to 10,089 sq ft GIa and have taken a new lease for 10 years whilst KFC’s new build unit will extend to approx. 1,800 sq ft GIA. KFC have agreed to a 20 year lease.
The Crown Estate sign three new occupiers
The Crown Estate have completed three new lettings to Greggs, Tui & Claires at Banbury Gateway Shopping Park. The three occupiers join The Works who opened on the scheme back in 2021. Greggs and Claires signed up to new 10 year leases, whilst Tui agreed a new 5 year lease.
ESH acted for The Crown Estate alongside joint agent Avison Young.
Pure Gym HIIT two more openings in Heanor & Yate
Pure Gym, advised by ESH have opened two further gyms in Yate & Heanor.
The leading discount gym operator has taken 11,400 sq ft over ground and first floor at Riverside Retail Park & Leisure Park in Yate. Ellandi are the Landlord. Pure Gym has also taken 6,700 sq ft over ground and mezz at Heanor Retail Park, Heanor. CBREIM are the Landlord.
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 represents Fund on the sale of solus discount retail investment
An Abrdn managed Fund, represented by ESH, have disposed of The Range in Monks Cross, York at a price of £7,615,000.
A former foodstore comprising approximately 65,666 sq ft, it’s now let to The Range who extended the building in 2006 to approximately 82,948 sq ft. The Range recently regeared to provide a lease expiry in 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.
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 ...