lettings
Published: 14 December, 2007
== ? Antrim ==
Centenary Investments' Active Retail Fund has let Unit 45 in Phase II of the Castle Centre to Woolworths. The 10,000-sq ft unit has been let for 15 years at a stepped rent rising from £120,000 pa in year one to £125,000 pa in year five. BTWShiells was letting agent.
== ? Armagh ==
Drumragh Investments has let the 1,000-sq ft Unit 7, The Mall to O'Brien's Irish Sandwich bars on a 15-year lease with a tenant's option to break at year 10. A rent of £30,000 pa has been agreed. BTWShiells was letting agent.
== ? CARDIFF ==
Virgin Media has taken 21 Cathedral Walk, St David's shopping centre, on a new five-year lease at a commencing rental of £165,000 pa. The store provides a ground floor sales area of 1,074 sq ft and first floor sales totalling 510 sq ft. Hartnell Taylor Cook advised Virgin Media and E J Hales represented Land Securities and CSC.
== ? CARLISLE ==
Next has taken Unit 79 Peascod Lane in The Lanes shopping centre, which totals 13,389 sq ft, on a 15-year lease at £315,000 pa. Hawkins Bazaar has taken Unit 4 (7 Globe Lane), totalling 1,716 sq ft, on a 10-year lease at £89,000 pa and Touch Nail Bar has taken Unit 90 East Tower Lane, totalling 70 sq ft, on a five-year lease, at £4,000 pa, rising to £5,200 pa in the third year. Landlord Morley was advised by Strutt & Parker and DTZ, and William Gunter Hardwick advised Hawkins Bazaar.
== ? Cwmbran ==
British Land has leased the 18,000-sq ft Unit 2, Cwmbran Retail Park to TK Maxx on a 15-year lease at £300,000 pa. The rent equates to £16.67 psf. Wilkinson Williams and Colliers CRE were letting agents and Brasier Harris advised the tenant.
== ? Enniskillen ==
Diageo Pension Trust has let 1,800 sq ft at Unit G in the Erneside shopping centre to Clockwork Orange on a 15-year lease at £70,000 pa. BTWShiells was letting agent and Osborne King advised the tenant.
== ? HAMMERSMITH ==
Plus Shops has let 1B The Broadway Centre to Scribbler on a new 10-year lease at £75,000 pa. The unit provides 453 sq ft of ground floor sales and 55 sq ft of ground floor storage. Kitchen La Frenais Morgan was letting agent and Michael Peddar & Co represented the tenant.
== ? Hull ==
British Land has leased 4,929 sq ft at Unit 4b, Kingswood Retail Park to WH Smith on a 10-year lease at £184,838 pa or £37.50 psf. Wilkinson Williams and Hill Woolhouse were letting agents.
== ? Leeds ==
Sportswift t/a Card Factory has taken the 2,443-sq ft Unit 14 in the White Rose Centre at £230,000 pa. Brassington Rowan was letting agent and Fawley Watson Booth represented the tenant.
== ? Liverpool ==
FX Currency Services has taken the 123-sq ft 58a Houghton Street in the St John's shopping centre on a five-year lease at £19,750 pa. Lessor Land Securities was represented by Legat Owen and Brasier Harris represented the tenant.
== ? North Shields ==
Holland & Barrett has taken a 10-year lease on Unit 1, The Beacon Centre, at £36,575 pa after a four-month rent-free period. The unit has a 1,001-sq ft ground floor with 710 sq ft at first floor. Smith Price advised the tenant while Jackson Criss was letting agent on behalf of Threadneedle Investments.
== ? Orpington ==
British Land has let the 2,000-sq ft Unit 6 on the Orpington Shopping Park to Thorntons on a 10-year lease at £100,000 pa or £50.00 psf. Wilkinson Williams and Harvey Spack Field were letting agents and Churston Heard represented the tenant.
== ? Preston ==
Greggs has taken a 15-year lease on 1,000 sq ft at Unit FC2B on the Deepdale Retail Park. A rent of £45,000 pa has been agreed. Petch Hall advised British Land's Hercules Unit Trust and Mason Owen represented Greggs.
== ? Stockport ==
Keystone Property Investments has let 5,196 sq ft at Units 1/3 in the Woodley Precinct to Grattan at £25,000 pax. A new 10-year lease has been agreed with a tenant's break option at year five. Lambert Smith Hampton was letting agent and Fawley Watson Booth represented the tenant.
== ? Stockton on Tees ==
Laura Ashley has taken a 15-year lease on 4,470 sq ft at Unit 9a on the Teesside Shopping Park at £258,813 pa or £57.90 psf. Wilkinson Williams and Colliers CRE advised landlord British Land.
== ? Walsall ==
Outfit has taken a 15-year lease on the 13,450-sq ft Unit 9 on the Crown Wharf Shopping Park at £336,250 pa or £25.00 psf. Wilkinson Williams and Jackson Criss advised British Land's Hercules Unit Trust and CBRE advised the tenant.
== ? Waltham Cross ==
Beddell Trust Company has leased Unit 73, The Pavilions shopping centre to Holland & Barrett on a 10-year lease at £35,000 pa. The unit has a 900-sq ft ground floor with 759 sq ft at first floor. Smith Price advised the tenant while Colliers CRE was letting agent.
== ? CARDIFF ==
Moorfield Group has let Unit 1 in the Capitol shopping centre to Soho Coffee Shops. The 740-sq ft unit has been taken on a new 10-year lease at a base rent of £65,000 pa (representing 80 per cent of ERV). Kitchen La Frenais Morgan and MacArthur Wilson were letting agents and Churston Heard represented Soho Coffee Shops.
== ? Leeds ==
The upmarket men's shoe retailer Church's Shoes has taken the 493-sq ft 4 County Arcade in the sensitively restored Victoria Quarter, which is owned by the Bank of Ireland, on a new 15-year lease at £65,000 pax. Fawley Watson Booth and King Sturge were letting agents and Michael Peddar & Co represented the tenant.
== ? WARRINGTON ==
Gamestation has acquired Unit Su49a in the Golden Square shopping centre, providing 1,480 sq ft, on a new 15-year lease from June 2007, with a tenant-only option to break at year 10 at an initial rent of £92,500 pax. Williams Gunter Hardwick represented Gamestation and Lend Lease was represented by Tushingham Moore.
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=== British Land signs four at Eastgate ===
British Land has confirmed the first wave of restaurant offers at the newly launched 'Food Terrace' at its Eastgate shopping centre in Basildon. Café Giardino will occupy a 2,455-sq ft restaurant with demised seating at the newly launched Food Terrace. The operator has taken a 15-year lease at £70,000 pa. And Spudulike has signed a 15-year lease for a 1,485-sq ft restaurant with demised seating at £55,000 pa.
Elsewhere in the centre, costume jewellery and fashion accessory store Diamonds & Pearls has taken a 1,068-sq ft unit for a term of 10 years at £72,500 pa. And branded sportswear retailer Lab is taking a 3,085-sq ft unit on a 10-year lease at £140,000 pa.
Brasier Harris acted for Spudulike, Capital Retail acted for Diamond & Pearls and CBRE represented Lab. Churston Heard acted for British Land while Shelley Sandzer is letting agent on the Food Terrace.
