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February 2020

Schroders secure trio of lettings at Norwich retail park

Schroders secure trio of lettings at Norwich retail park. 

Schroders have successfully secured new lettings at Hall Road Retail Park to retailers Home Bargains and Food Warehouse. The deals also see Homebase, who currently trade from the scheme, right-sizing from 80,000 sq ft to a reconfigured 30,000 sq ft unit.

Home Bargains has taken 20,000 sq ft on a 15 year lease, whilst Food Warehouse has taken 15,000 sq ft on a 10 year lease. Both stores are expected to open by the end of the year.

The retailers will join existing tenants Aldi, Pets at Home, Aldis and Hughes.

ESH acted for Schroders.

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February 2020

CBRE GLOBAL INVESTORS SELL B&M NEWCASTLE

CBRE Global Investors sell B&M Newcastle.

Following a letting to B&M in the unit formerly occupied by Homebase, CBRE Global Investors, advised by ESH have successfully completed the sale of the stand-alone asset in Kingston Park, Newcastle.

The Kingston Park area is a well established retail warehousing destination with retailers including M&S, Next, Matalan, TK Maxx, Sports Direct, and Curry’s PC World all represented.

The property which extends to approximately 34,500 sq ft was let at a rent of £9.87 per sq ft on a new 15 year lease from April 2019 and was purchased by a private investor for £4.40 million, reflecting a net initial yield of 7.25%.

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February 2020

Aberdeen standard investments secure two new lettings in Colchester

Aberdeen Standard Investments secure two new lettings in Colchester.

Aberdeen Standard Investments, advised by ESH have completed two new lettings to Pure Gym and Subway at Colchester Retail Park. The tenants will occupy a sub-division of the unit formerly occupied by DW Sports and line-up alongside occupiers including Matalan, Poundland, Shoezone, Choice Discount Stores and Starbucks.

Pure Gym have taken a 15 year lease on the premises extending to approximately 10,400 sq ft and are expected to open to members in Spring 2020.

Subway have also taken a 15 year lease on a unit extending to approximately 1,200 sq ft.

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February 2020

TOPPS TILES TAKE NEW LEASE IN BANBURY

Topps Tiles take new lease in Banbury.

Topps Tiles are set to open a new store at the two-unit Linkway scheme on Southam Road, Banbury, adjacent to Wickes.

The tiling specialist retailer has agreed a 10 year lease on a unit formerly occupied by Office Outlet and it will become of their largest stores to date extending to approximately 10,500 sq ft.

The letting will see Topps Tiles re-locate from their existing unit along Southam Road, adjacent to Dunelm.

ESH acted for the Landlord, Barings Real Estate.

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February 2020

ESH represents institutional client on retail warehouse portfolio sale

ESH represents institutional client on retail warehouse portfolio sale.

An institutional client, advised by ESH, has successfully completed the sale of a retail warehouse portfolio. The price paid was a headline of approximately £190 million and includes assets in Guildford, Crawley and Luton.

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February 2020

Primark continue UK expansion with Tamworth addition

Primark continue UK expansion with Tamworth addition

The global fashion retailer Primark is continuing its UK expansion by signing a new 10 year lease on Phase 1, Ventura Retail Park.

The unit which is currently under construction is due to open later this year and will comprise a total GIA of approximately 49,000 sq ft across two floors.

Primark intend to continue their UK expansion over the coming financial year having announced 18 possible new store openings.

ESH advised Primark.

January 2024

ESH represents Columbia Threadneedle on the purchase of Parkgate Shopping Park

Columbia Threadneedle Investments, represented by ESH, have purchased the dominant Parkgate Shoppi...

January 2024

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...

December 2023

ESH advises on the sale of south-east retail park

ESH, on behalf of a client, has disposed of Hampden Park in Eastbourne to a private investor. The ...