lettings
Published: 30 September, 2008
== ? Amersham ==
The Coriander Indian Restaurant has taken 1,900 sq ft of retail space at Metro Court, Station Approach, at £38,500 pa. The landlord, Michael Shanley Homes, was represented by Brasier Freeth.
== ? Ballymena ==
Subway has taken Unit 3 in the food court at the Fairhill shopping centre on a 15-year lease with an option to break at the tenth year. An initial rent of £31,500 pa was agreed for the 800-sq ft unit. The landlord, Corbo, was advised by BTWShiells.
== ? Birmingham ==
Vodafone has sub-let the 323-sq ft Kiosk E4 The Pallasades to Ditsch on a co-terminous under-lease expiring in June 2015 at £67,500 pa. Rowley Hughes Thompson was letting agent.
== ? Bolton ==
Orbit Developments has let the 1,485-sq ft Unit 19D on the Middlebrook retail park in Horwich to Costa on a 15-year lease at £70,537.50 pa or £47.50 per sq ft. Savills was letting agent and Legat Owen advised the tenant.
== ? Bradford ==
British Land has leased 21,703 sq ft at Unit 10, Forster Square retail park, to Asda Living on a 15-year lease at £60,768 pa, equating to £28.00 per sq ft. Wilkinson Williams and Hill Woolhouse were letting agents.
== ? charlton ==
Prupim has agreed a surrender of JJB's lease on the 15,072-sq ft Unit 1B on the Peninsular retail park and re-let the property to Smyth's Toys. A new 10-year lease was granted at £452,160 pa. Savills advised Prupim, Capital Retail Smyths and Morgan Williams JJB.
== ? colchester ==
Prupim has let the 2,343-sq ft 8 Culver Square to Paperchase on a 10-year lease at £105,000 pa. Cushman & Wakefield was letting agent and CBRE represented the tenant.
== ? croydon ==
Howard Holdings has leased Unit 44 North End and Units 1113-1117 The Whitgift Centre to Clas Ohlson. A 15-year lease was granted on the 20,581-sq ft unit at a commencing rent of £700,000 pa. Douglas Stevens & Co was letting agent and Jones Lang LaSalle advised the tenant.
== ? Edinburgh ==
Gap has agreed a renewal of its lease on the 7,200-sq ft Unit 25/29 at the Gyle shopping centre. A new five-year lease has been granted by the Gyle shopping centre general partner at £158,000 pax. Cushman & Wakefield and Jones lang LaSalle advised the landlord and Eric Young & Co the tenant.
== ? Harlow ==
British Land and Schroders' Hercules Unit Trust, owner of the 225,000-sq ft Queensgate Centre, has negotiated a surrender agreement with Tragus for its 5,000-sq ft Ortega unit and converted the space into three flexible, smaller units. Of this, 1,500 sq ft has been let to Costa at £40.00 per sq ft; 2,500 sq ft has been let to Sony Centre at £38.00 per sq ft; and 1,000 sq ft has been taken by Subway at £40.00 per sq ft.
== ? Hartlepool ==
PPG Metro 500 has let the 1,253-sq ft Unit 112, East Mall in the Middleton Grange shopping centre to John Stoves on a five-year lease at £31,500 pax, with three months rent free. Cushman & Wakefield was letting agent.
== ? Hull ==
Unit K2 in the St Stephens shopping centre has been taken by Mooshakes on a five-year lease with a break option at the end of year three. The 130-sq ft kiosk has been leased at £30,000 pax. Lunson Mitchenalll was letting agent on behalf of ING and Brasier Freeth represented the tenant.
== ? Kidderminster ==
The Glanmore Kidderminster Guernsey Unit Trust has let 4 Derrick Burchers Mall, which provides 831 sq ft of ground floor sales space and a further 245 sq ft of first floor storage, to Carol Willoughby trading as Tiger's Eye on a new five-year lease at £15,000 pa. Rowley Hughes Thompson was letting agent.
== ? Llantrisant ==
Orchard Street Investment Management has let a recently vacated 14,982-sq ft unit at the 116,500-sq ft Glamorgan Vale retail park to Asda Stores for a new Asda Living store. The letting is on a 5-year lease, with a tenant's break at the tenth year, at a rent of £23.50 per sq ft, with fixed increases at five-yearly intervals. Edgerley Simpson Howe & Partners acted for Orchard Street, and AtisReal acted for Asda.
== ? Morecambe ==
Royletest has agreed to a surrender of Burger King's lease on a 3,476-sq ft unit on Central Drive. The unit has been re-let to Centre Restaurants trading as Frankie & Benny's on a new lease at £82,625 pa. Cushman & Wakefield advised the landlord.
== ? Newtonards ==
Belfast Office Properties has let Unit C23 in the Ards shopping centre, totalling 9,600 sq ft, to JJB on a 15-year lease at £113,500 pa. The retailer is relocating from a 2,000-sq ft unit within the centre. At the same time Argento has taken the 425-sq ft Unit A2/5 on a 15-year lease at an initial rent of £27,500 pa and McGee's Butchers has taken the 906-sq ft Unit B22 on a 15-year lease at £52,650 pa. BTWShiells was letting agent.
== ? PRESTON ==
Zurich Assurance has taken a surrender of Topshop/Topman's existing lease on 125-127 Fishergate, Preston. The unit has been reconfigured to produce 12,507 sq ft of retail space and has been re-let to Topshop/Topman on a new 15-year lease at a commencing rent of £476,000 pa. CBRE acted for Arcadia Group and Threadneedle Property Investments, acting on behalf of Zurich Assurance, was advised by Strutt & Parker.
== ? Scarborough ==
The Prudential Assurance Company has let Unit 23 at Brunswick shopping centre to Publishers Book Clearance. The book retailer has agreed a new three-year lease on the unit totalling 988 sq ft and will pay an annual rent of £27,500. The Prudential Assurance Company was advised by Savills and Reesdenton.
== ? Shrewsbury ==
Card Warehouse has taken a new 10-year lease on the 1,159-sq ft Unit SU4 in the Darwin Centre at £67,500 pa with six months rent free. Cushman & Wakefield was letting agent on behalf of Charles Darwin Trustees and King Sturge represented the tenant.
== ? Wolverhampton ==
Costa has taken 1,443 sq ft at 4 Victoria Street/8 Queens Arcade in the Mander Centre on a new 10-year lease. The commencing rent is £50,000 pa. Wright Silverwood was the letting agent on behalf of landlord Propinvest, while the tenant was represented by Brasier Freeth.
== ? Croydon ==
St Martins Property Corporation has agreed a new 10-year lease on 3,000 sq ft at Unit 70, Centrale, to TM Lewin & Sons at £225,000 pax. Cushman & Wakefield was letting agent. The 800,000-sq ft centre is accessed off Croydon's prime pitch and is anchored by House of Fraser and Debenhams, and also includes major stores for Next, Zara and H&M, which has a 16,000-sq ft store. Centrale's restaurant gallery offers six catering units with 600 covers.
== ? Darlington ==
Tesco Express has taken 3,900 sq ft in two units formerly let to Au Naturale and Rymans in Market Way, the lower level of the Cornmill shopping centre, at £69,950 pa. On this occasion Tesco Express was represented by Davidson Blackett, while DTZ and Kitchen La Frenais Morgan acted for the Moorfield Group, which is the investment and asset manager of the Moorfield Real Estate Fund, which owns the centre.
== ? Motherwell ==
CALA Properties has secured two lettings at the Brandon shopping centre. First Group has taken a 10-year lease on 1,178 sq ft at 6-8 Brandon Arcade, at £23,500 pa after nine months rent free. The Salvation Army has taken a 10-year lease on 16-18 Brandon Arcade. CALA Properties was advised by Cushman & Wakefield and Eric Young & Co. First Group was advised by Ryden and Philip Wragg acted for The Salvation Army.
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=== Claire's signs Cardiff pre-let ===
The St David's Limited Partnership, made up of Land Securities and Capital Shopping Centres, has pre-let the 892-sq ft Unit UG45 in its St David's 2 development to Claire's Accessories on a new 10-year lease at £145,000 pax, representing 80 per cent of rack rental value, or 12 per cent of turnover. A three-month rent-free period will run from the date of occupation. The million-sq ft St David's 2 is due for completion in September 2009. Letting agents are E J Hales, Lunson Mitchenall and Cushman & Wakefield.
