The Gym has signed a 15 year lease on Unit G, comprising 7,500 sq ft at Unit G Stechford Retail Park in Birmingham. They will occupy the former Poundworld unit.
Stechford Retail Park comprises 104,090 sq ft with 602 car parking spaces. The retail park is home to Matalan, Home Bargains, Pets at Home, Peacocks, The Food Warehouse, Bensons for Beds, Argos, McDonalds Drive Thru and the recently signed B&M Retail for unit of 20,000 sq ft plus a new 5,000 sq ft garden centre.
Susan Harrison of SPACE – Retail Property Consultants comments “Stechford Retail Park is a strong retail park with a great mix of occupiers. We are delighted to have secured representation on behalf of The Gym here”
SPACE – Retail Property Consultants acted on behalf of the Gym Group.
InflataNation will open its doors next month in Peterborough and represents the first attraction of its kind for the region. The new indoor inflatable theme park will be located at Peterborough One Retail Park in the recently vacated Cotswold Outdoor unit and will boast 14,000 sq ft of inflatable fun for adults as well as children. Offering climbing walls, obstacle courses, gigantic ball pools and an ‘Inflata Bubbles’ section which is designed for visitors to achieve optimum bounce heights.
Matt Ball, co-founder of Inflata Nation, said: “We are very excited to be opening a brand new venue in Peterborough and we believe it’s Cambridgeshire’s first ever indoor inflatable theme park. The message from us is simple – Everyone is welcome, no matter your age, and we think big kids will have just as much fun on the inflatables as the wee ones. The park itself will boast a whole host of features designed to put a smile on your face”
Paul Dunn, Asset Manager for Peterborough One Retail Park said: “We are delighted to have this unique leisure offer here at Peterborough One. The feedback we have received from other tenants and local people has been nothing short of fantastic. This is an integral part of our plan to maintain vibrancy here on this well-loved retail park~”
Inflata Nation is a national franchise with other outlets in Manchester, Birmingham, Glasgow, Newcastle, West Bromwich and Runcorn.
SPACE – Retail Property Consultants acted on behalf of the Landlord Barrow Close Investments Limited.
The doors have finally opened in yet another new arrival on Stamford’s high street. Mint Velvet are now open at 6 High Street where they have taken 1,700 sq ft on a 10 year lease. The High Wycombe based Mint Velvet which promotes “relaxed glamour” was launched 9 years ago and has around 40 stores across the UK, plus several in Dubai. Stamford’s main shopping street is enjoying a boost with several additional traders moving in recently.
SPACE acted for the landlord Narans & Johal Limited.
SPACE – Retail Property Consultants have been retained by QD to search for new destination stores throughout the UK.
QD Stores are an independently owned chain of discount retail outlets situated throughout the East of England and the Home Counties. Based in many of the region’s larger towns and cities, QD Stores represent the very best in ‘value retailing’ – offering customers constantly changing quality stock at the very lowest prices.
Acting on behalf of RREEF Spezial Invest GmbH, SPACE are delighted to have let Unit 3 Springfields Retail Park, Market Harborough, comprising 6,000 sq ft to Shoe Zone. The unit adjoins Pets at Home and Sainsbury’s and is close to Homebase. The unit fronts a 650 space car park forming one of the town’s main car parks.
SPACE are delighted to have advised Harborough District Commercial Services Limited in an investment purchase of the Tesco Metro store, B&M and residential units at 10 The Commons and 19/ 21 The Square, Market Harborough, from New River Retail at a purchase price of £3,800,000 reflecting a net initial yield of 6.6%.
This is part of our ongoing strategic advice and support to Harborough District Council.
SPACE acted on behalf of The Gym Group in taking a new lease from Lidl of their former store at Sixfields, following Lidl’s relocation to a larger store nearby. The unit comprises just under 17,000 sqft on ground floor with a generous customer car park – ideal for The Gym’s trading format.
The Bracknell Regeneration Partnership is a joint venture between Legal & General Capital and Schroder UK Real Estate Fund. Together with Bracknell Forest Council, the Partnership is investing over £240 million to transform Bracknell town centre into an exciting one million square foot shopping and leisure destination, The Lexicon Bracknell.
The Lexicon represents one of the biggest town centre regenerations in the UK. In addition to 70 new shops and restaurants, the project also encompasses improvements to the existing High Street buildings and the restoration and extension of local landmark, The Bull.
SPACE Retail Property Consultants represented Harborough District Council in the freehold sale of the Settling Room located on Springfield Retail park car park. The sale was to private investor for an undisclosed sum.
Acting on behalf of Norwich based property investor and developer Targetfollow, SPACE Retail Property Consultants has successfully agreed a new letting to baby and children’s goods specialist Kiddicare, which is taking a new lease on a 888 m2 (9,560 sq ft) store at the newly rebranded Peterborough One Retail Park.
Planning consent has been granted for a new 55,000 sq ft Trade Park at Thurmaston, Leicester, where SPACE acted on behalf of our client Travis Perkins PLC to take a new lease for their brands Wickes Building Supplies, Travis Perkins Builders Merchant, Benchmarx Kitchens and BSS Pipeline and Heating.
After 5 years acting as agents jointly with JLL on shopping centre agency in the Charles Darwin Centre in Shrewsbury, we are delighted to confirm that our clients UK Commercial Property Trust, advised by Standard Life, have exchanged with Primark for a new 50,000 sq ft store.