Comet makes way for Pets At Home in Watford
Published: 07 November, 2011
Royal London Asset Management has let a newly created store at Century Retail Park in Watford to Pets at Home
Pets at Home will take the 9,722-sq ft store, which was previously occupied by Comet, on a new lease expiring December 2024 at a rent of £33.00 per sq ft.
Comet has agreed to right-size its existing store to make room for Pets At Home which will open in March 2012. Comet will remain trading throughout the process and has agreed to pay the same equivalent rent on a lease also expiring in 2024 on a unit of 9,903 sq ft., within which they will install a full cover trading mezzanine. This new store will open in mid-December 2011.
Other retailers on the scheme include Toys R Us, Hobbycraft, Halfords, Currys and Furniture Village.
Edgerley Simpson Howe acted for RLAM. Stephen Smart & Co acted for Comet. Curson Sowerby Partners advised Pets At Home.
