The Gym Group have unconditionally exchanged contracts on a new letting at Victoria Retail Park, Grimsby. The Gym will occupy the existing Poundstretcher unit which extends to approx. 11,266 sq ft on a new 15 year lease. The deal represents the first acquisition for The Gym in Grimsby as the 24/7 value operator continues to expand across the UK.

Other occupiers on the scheme include Next, Smyths Toys, Sports Direct and Bensons.

ESH represented The Gym Group.

BP Investment Management, solely advised by ESH have completed two new lettings to Pure Gym and Dreams at Taunton Retail Park.

Dreams have taken the former Office Outlet unit extending to approx. 9,000 sq ft on a new 10 year lease and Pure Gym will occupy the former PC World unit extending to approx. 12,000 sq ft on a new 15 year lease. Elsewhere on the Park Curry’s have also committed longer term by way of a lease renewal and a further leasing transaction is currently under offer.

RO Real Estate advised by ESH have served up two new drive thru restaurant units at their Solstice Park scheme, Amesbury. Food retailers Greggs and Taco Bell will occupy the units, which have now reached Practical Completion alongside Gridserve the sustainable energy solutions provider who will install eight High Power Chargers for electric vehicles, located adjacent to the food retailers.

Both food occupiers have taken 15 year leases and Gridserve has taken a 20 year lease.

Pure Gym, advised by ESH have secured planning and exchanged contracts on a new Large Box gym at Otford Road Retail Park, Sevenoaks. Pure Gym will occupy the former Curry’s unit which extends to approximately 10,000 sq ft on a new 10 year lease. Curry’s vacated the premises following a lease expiry. Pure Gym is due to open later this year.

ESH, acting on behalf of abrdn, have completed a new letting to Burger King on the former Gourmet 4 unit at Princess Alice Retail Park. The lease was concluded in a timely fashion for a term of 20 years and achieving a rent in excess of that of the previous tenant.

AEW have agreed a new 10 year reversionary lease with Magnet on their existing store on Portrack Lane, Stockton on tees where the existing lease expires 23.06.2024.

ESH advised AEW.