lettings
Published: 28 August, 2008
== ? Borehamwood ==
British Land's Hercules Unit Trust has recently let the 5,121 sq ft Unit 1a2 on the Borehamwood shopping park to Clarks on a new 10-year lease at £192,038 pa, which equates to £37.50 per sq ft. Wilkinson Williams and Harvey Spack Field are letting agents and Green & Partners represented
the tenant.
== ? Croydon ==
Swedish homewares store operator Clas Ohlson has taken a 20,500-sq ft store in The Whitgift centre on a new 15-year lease at a commencing rental of £700,000 pax. DTZ and Douglas Stevens & Company were letting agents on behalf of The Whitgift Trust and Jones Lang LaSalle advised the tenant.
== ? Liverpool ==
Frogmore Real Estate Partners has completed two lettings at the Belle Vale centre. New Look has signed a 10-year lease on 7,642 sq ft of a new 15,500 sq ft extension. Subway has taken a 10-year lease on 710 sq ft at £13,000 pa. DTZ and Jones Lang LaSalle are letting agents while CBRE advised New Look and Burns Property Consultants Subway.
== ? Bangor ==
Poundland has taken a new 10-year lease on 5,322 sq ft at Units 12 & 13, The Menai Centre, from Cathco Property Holdings. The commencing rent is £140,500 pa. Poundland was represented by Jones Retail and Cathco Property Holdings was represented by Cheetham & Mortimer.
== ? Birmingham ==
The Propinvest Birmingham Limited Partnership has leased the 1,500-sq ft Unit S27 in Martineau Place to Yum Yum on a five-year lease at an average rent of £49,000 pax. The unit has a sales area of 700 sq ft with a 1,200-sq ft first floor. Green & Partners and Cushman & Wakefield were letting agents.
== ? Blackpool ==
Land Securities has let 10,000 sq ft on the Blackpool retail park to Homestyle trading as Harveys, simultaneous with a surrender of Poundstretcher's lease. A new 10-year lease has been agreed at £220,000 pa. Cushman & Wakefield and Morgan Williams were letting agents.
== ? BROMBOROUGH ==
Unit A3.2a on the Croft retail & leisure park, providing 1,000 sq ft, has been taken by Greggs on a 10-year lease at £28,333pa. Jones Lang LaSalle was letting agent on behalf of CSS while Mason Owen represented the tenant.
== ? CAMBRIDGE ==
Poundland has taken an assignment of a 25-year lease at Unit 28B, The Grafton Centre, Cambridge from W Heffer & Sons. The passing rent was £251,000 pa. The property provides 4,326 sq ft of ground floor sales area and 1,087 sq ft of first floor storage space. Poundland was represented by Capital Retail and W Heffer & Sons was represented by Knight Frank.
== ? CUMBERNAULD ==
Gamestation has acquired 1,609 sq ft at 29A The Antonine Centre on a new 10-year lease with an option to break at year five. The initial rent is £70,750 pax. Williams Gunter Hardwick represented the tenant and Montagu Evans was letting agent on behalf of London & Regional.
== ? Dundee ==
Swarovski has taken a unit of 1,221 sq ft on the lower level of the Overgate shopping centre on a new 10-year lease at £75,000 pax. SGM Property Consultants is sole letting agent for Overgate. Swarovski was represented by Harper Dennis Hobbs.
== ? Exmouth ==
Demac Properties has let Unit 15, Chapel Street at the Magnolia Centre to Sportswift, trading as Card Factory. A new 15-year lease on the unit totalling 1,313 sq ft has been agreed at £42,500 pa. The landlord was advised by Savills and Sportswift was represented by Fawley Watson Booth.
== ? FLEETWOOD ==
YMCA has acquired the 1,562-sq ft 2 Carleton Court on a new 10-year lease at £22,500 pax. Williams Gunter Hardwick represented YMCA, the landlord was represented by Mason Owen.
== ? Hammersmith ==
Poundland has taken a new 10-year lease at 48/49 King's Mall from St Martins Property Corporation. The commencing rent is £245,000 pa and the property provides 3,181 sq ft of ground floor sales space and 3,195 sq ft of basement storage. Poundland was represented by Capital Retail and St Martins Property Corporation was represented by Cushman & Wakefield.
== ? Hartlepool ==
Healthways Chemists has relocated within the Middleton Grange shopping centre into the 509-sq ft Unit 38A(2) on the first floor mall. It has taken a new five-year lease at £19,000 pax after a three-month rent free period. Cushman & Wakefield and Central Retail are joint letting agents.
== ? Hull ==
Poundland has taken a new two-year lease on Unit 1B, Northpoint shopping centre, Bransholme, from Wildmoor. The commencing rent is £132,500 pa and the property provides 2,550 sq ft of ground floor sales space and 1,650 sq ft of first floor storage. Poundland was represented by Jones Retail and Wildmoor was represented by Jackson Criss.
== ? Kettering ==
PR Kettering has agreed a surrender of Tchibo's lease on the 1,900-sq ft Unit 5 in the Newlands Centre and re-let the unit to Body Shop on a new 10-year lease at £59,000 pa with three months rent free. The property has 1,300 sq ft of ground floor sales and a 500-sq ft first floor. Cushman & Wakefield was letting agent.
== ? LEEDS ==
Town Centre Securities has let 40 Woodhouse Lane at the Merrion Centre to Shared Earth. It has agreed a 10-year lease on 2,318 sq ft at £47,500 pa. Town Centre Securities was advised by Savills. Shared Earth was represented by Towlers.
== ? NEWCASTLE UPON TYNE ==
Poundland has taken an assignment of a 10- year lease at 24-26 Sidgate, Eldon Square. The passing rent is £190,000 pa. The property provides 4,185 sq ft of ground floor sales, a 985-sq ft mezzanine and a 330-sq ft basement. Poundland was represented by Jones Retail.
== ? Nottingham ==
British Land has let Unit A on the Giltbrook retail park to Bhs on a new 15-year lease at £674,640 pa, equating to £22.50 per sq ft on the 29,984-sq ft unit. Wilkinson Williams and Havills were letting agents and CBRE advised the tenant.
== ? Selby ==
Yeoman's Outdoors has taken a 1,042-sq ft unit in the Market Cross shopping centre which is owned by Dransfield Properties and Ethel Austin Properties. A 10-lease has been agreed at £22,500 pa. Rees Denton acted for both parties
== ? Skelmersdale ==
London & Cambridge has let Unit 149, The Concourse shopping centre, providing 1,195 sq ft, to Subway Realty on a new 10-year lease at £16,000 pa. Brady Chartered Surveyors and Churston Heard represented the landlord. The tenant was represented by Burns Property Consultants.
== ? Stafford ==
British Land's Hercules Unit Trust has let Unit 1d on the Queens retail park to Peacocks on a 10-year lease at £164,000 pa. The rent equates to £21.00 per sq ft on the 7,500-sq ft ground floor and £3.00 per sq ft on the 2,153-sq ft mezzanine. Letting agents were Wilkinson Williams and Savills. Mason & Partners advised the tenant.
== ? Stockton-on-Tees ==
British Land has let the 3,197-sq ft Unit 4a on the Teesside shopping park to Deichmann on a 10-year lease at £151,858 pa. Wilkinson Williams and Harvey Spack Field were letting agents and DTZ advised the tenant.
== ? Stratford-Upon-Avon ==
Citicorp Trustee has let Unit 6 in Bards Walk, providing 500 sq ft, at £28,000 pa to Simon Prankard on a new 5-year lease with four weeks rent free. Cushman & Wakefield was letting agent.
== ? Walsall ==
Threadneedle Property Investments has let Units 25/27 in the Old Square shopping centre to Caversham Finance. The property provides 3,000 sq ft of ground floor sales space with a 1,500 sq ft first floor. A new 10-year lease has been agreed at a commencing rental of £70,000 pa. Cushman & Wakefield was letting agent and Smith Price advised the tenant.
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=== Manchester Arndale boosts value offer ===
Prupim has let units L20/21 in the Arndale Northern Extension, totalling 6,500 sq ft, to Poundland on a new 10-year lease at £200,000 pax. Poundland will open on the lower level of the Winter Gardens area of the centre and will help boost the footfall already being generated by TK Maxx and Peacocks.
At the same time Prupim has let Unit 173 Halle Mall in the Manchester Arndale to Poundworld on a five-year lease at £160,000 pa. The property provides a 2,142- sq ft ground floor with a 2,208-sq ft first floor. Tushingham Moore is letting agent.
