Costa expands in the North
Published: 17 January, 2014
Costa signs for a further five stores
Costa has agreed tenancy agreements for six properties in prominent out of town locations across the North of England including York, Sheffield, Wrexham and Lincoln.
The coffee retailer has agreed new leases on the stores at The Carlton Centre and Valentine Retail Park in Lincoln, Island Green Retail Park in Wrexham, Vangarde Shopping Park and Monks Cross Shopping Park, York and a new format drive thru store at Meadowhall in Sheffield.
The new Costa stores range in size from 1,500 sq ft to 2,165 sq ft with rents ranging from £43,000 pa. The Lincoln and Wrexham stores opened before Christmas and the York and Sheffield stores are scheduled to open in 2014.
Costa is advised by Savills, and the agent’s retail director Charlie Greenhalgh said: “Costa is the largest and fastest-growing coffee shop chain in the UK and these latest lettings are part of its expansion strategy across the UK.”