New retail park lettings for Aberdeen Asset Management
Published: 17 October, 2011
Aberdeen Asset Management has agreed six new lettings across it retail park portfolio.
At the Newcastle shopping park, the 70,000-sq ft former Woolworths unit has been let to Asda and at the Two Rivers shopping centre in Staines the 8,500-sq ft former JJB unit has been let to Hobbycraft at £35 per sq ft.
On the London Road retail park in Newbury, Dunelm will be taking the 24,000-sq ft former MFI unit at £15 per sq ft while at the Suffolk retail park, Ipswich - Next will be taking 8,500 sq ft, part of the downsized Halfords unit, at £25 psf.
At the Townsend Road site in Chesham, Wickes is taking the 23,000-sq ft former Focus unit at a rent of £13.50 per sq ft and on the Bexhill Road retail park in Hastings Poundstretcher taking 6,500 sq ft, part of the downsized Carpetright unit, at £20 per sq ft.
Simon Moscow, director, fund management said: "Given the current challenging climate we are delighted with these lettings which are in line with our long term strategy and have kept void rates to a minimum across our funds. We are in an environment where out performance is heavily reliant on active asset management and we continue to add value across all of our schemes."
