TK Maxx have agree to extend their lease at Gallions Reach Shopping Park in Beckton

TK Maxx have agreed to extend their lease on a 30,000 sq ft unit at Gallions Reach Shopping Park in Beckton. The lease term will therefore now extend to September 2024.

Edgerley Simpson Howe advised the Landlord Standard Life Investments.

Poundstretcher regear their lease at Pallion Retail Park, Sunderland until September 2023.

On behalf of SWIP, Edgerley Simpson Howe have successfully regeared Poundstretcher’s lease at Pallion Retail Park in Sunderland.

Poundstretcher’s lease has now been extended by an additional 5 years which brings their expiry to 27th September 2023.

The scheme is soon to benefit from a new bridge which will cross the River Wear directly to the north of Pallion Retail Park. This increased flow of traffic directly past the scheme will further enhance the park as a key retail destination for the area. For further details please visit http://www.newsunderlandbridge.com/.

A multi-let industrial estate at Pump Lane in Hayes has be purchased by Chancerygate Asset Management and who were advised by Edgerley Simpson Howe.

A multi-let industrial estate at Pump Lane in Hayes has be purchased by Chancerygate Asset Management and who were advised by Edgerley Simpson Howe.

The 7 unit scheme was acquired from CWS at a price of £4.225m reflecting an initial yield of 8.34

On behalf of VALAD, Edgerley Simpson Howe have sold the freehold retail warehouse investment at Mansfield Road in Nottingham.

The unit is currently let to Wickes whose lease expires in December 2019. The 23,564 sq ft unit was sold to Travis Perkins Properties Ltd at a purchase price of £3.89m reflecting an initial yield of 8.39%

TK Maxx have signed a deal to take a 10,014 sq ft unit at Bury St Edmunds Retail Park.

Property landlord Petros, advised by Edgerley Simpson Howe, has signed a deal with designer value fashion and home retailer TK Maxx to take a store at its Robert Boby Way Retail Park in Bury St Edmunds.

The fashion giant has signed for a 10,014 sq ft unit on a new 15 year lease with a break option at the end of year 10. The store opened earlier this month and is trading very well.

The retailer joins Halfords and PC World on the 30,000 sq ft edge of town retail park, which is situated next to a busy Waitrose foodstore that was previously also developed by Petros.

Edgerley Simpson Howe acted for Petros, while Morgan Williams represented TK Maxx.

Greggs, Carphone Warehouse and Subway have opened at Lady Bay Retail Park in Nottingham.

Greggs, Carphone Warehouse and Subway have opened at Lady Bay Retail Park in Nottingham. The terrace of 3 units was purposely built at the entrance to the scheme with rents ranging from £22 – £26 psf.

Carphone Warehouse and Greggs took 10 year leases with Subway agreeing a 15 year lease.

Edgerley Simpson acted on behalf of the Landlord LaSalle Investment Management