ING Retail Property Fund Britannica has signed three tenants at its Town Square and Spindles Shopping Centre in Oldham following the opening of H&M in March 2008 in the redeveloped Rotunda area. Cinnzeo and Alpha News have opened in Spindles and in Town Square ING Britannica has secured Poundworld in a significant unit.
Cinnzeo has opened its third franchise in the North West of England selling freshly baked cinnamon rolls and drinks has taken approximately 600 sq ft on a 10-year lease at a rental of £27,500 pa.
Alpha News has opened for trade in a 260-sq ft unit on a 10-year lease at a rental of £17,000 pa. And Poundworld has taken approximately 8,800 sq ft on a 10-year lease at Town Square for a rental of £160,000 pa.
Following these lettings the upper level at Spindles has now reached full occupancy. Town Square & Spindles totals 460,000 sq ft of retail space and represents core prime shopping in Oldham. The centre, which is one of eight retail schemes owned by ING Britannica, provides 88 retail units anchored by a Debenhams department Store.
Joint letting agents for the scheme are Tushingham Moore and Lunson Mitchenall.
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