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Boots sign in St Stephen’s, Hull

Boots sign in St Stephen’s, Hull

Acting on behalf of British Land, Green and Partners have successfully secured a new 30,000 sq ft Boots MSU, reinforcing the dominance of St Stephen’s which comprises 552,000 sq ft of retail and leisure dominating the retail offer of Hull. Other notable retailers include; Next, H&M, Topshop/Topman, River Island, Tesco and TK Maxx.

To facilitate the provision of the new store surrenders were undertaken from Peacocks, Clintons and Sports Direct. Boots entered into a 15-year lease, at an undisclosed rent, with a programmed opening in May 2019.

For further information please contact Paul Cooper or Adam Bindman.

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Two new openings in Westwood Cross

Two new openings in Westwood Cross

Acting on behalf of Landsec, Green and Partners, jointly with Morgan Williams, have undertaken the 2 following transactions in Westwood Cross, Thanet, Kent:

Foot Asylum took a new 10-year lease of the former Poundworld, which comprises 5,030 sq ft, at a commencing rental of £157,500.

EE have taken a new 10-year lease of the former Five Guys, which comprises 2,335 sq ft, at a commencing rental of £125,000 pax.

Please contact Paul Cooper for further information.

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Green and Partners land Boots in Lincoln

Green and Partners land Boots in Lincoln

Acting on behalf of M&G, Green and Partners have let the former Bhs to Boots.

The store comprises 33,500 sq ft over 2 trading floors. A new 15-year lease was entered into by Boots at the passing rent of £491,250 pax.

Please contact Paul Cooper for further information.

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Nationwide Bank on Leamington Spa

Nationwide Bank on Leamington Spa

The world’s largest building society has recently completed on a new lease at 79/81 The Parade, Leamington Spa. Acting on behalf of Royal London Investment Management, Green & Partners have secured Nationwide on a new 10-year lease of the amalgamated accommodation at a rental of £95,000 per annum exclusive.

For further information please contact Matt Beardall.

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Green & Partners Advise Clients on Another Guildford Investment Acquisition

Green & Partners Advise Clients on Another Guildford Investment Acquisition

Green & Partners Investment Team has advised a family trust on the acquisition of the freehold interest in 138-140 High Street, Guildford.

The property is let to Moss Bros Plc, at a rental of £280,000 pax, expiring in June 2024.

For more information please contact Ed Smith

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Green & Partners Investment Team Disposes in St Albans

Green & Partners Investment Team Disposes in St Albans

On behalf of an institutional client Green & Partners sold 17-23 Chequer Street, a high street retail parade in St Albans.

17-23 Chequer Street is prominently and centrally located between both the Maltings Shopping Centre and Christopher Place and opposite Fat Face and Joules. The subject property is well secured to strong national covenants of Nandos and Toni & Guy with a weighted average unexpired lease term of 8 years. Both retailers are let on FRI leases with upcoming rent reviews and with sufficient transactional evidence on the pitch, there is a real opportunity to improve the performance of the asset.

Green & Partners achieved a price of £2,725,000 which reflects a NIY of 4.83%, 67bps above asking.

For more information please get in touch with Simona Malinova or Patrick Over.

 

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Yours Clothing bolsters the line up at the Fareham Shopping Centre

Yours Clothing bolsters the line up at the Fareham Shopping Centre

Acting for the Landlord, Roubaix Group, Green and Partners have let Unit 64 to Yours Clothing, the plus-sized clothing retailer.

The opening follows the letting to B&M earlier this year and cements Fareham Shopping Centre as a primary retail offer in the town centre.

For further information please speak to James Jenkins or Mike Willoughby.

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G&P Investment Team Complete Another Foodstore Deal

G&P Investment Team Complete Another Foodstore Deal

Green & Partners has advised St Modwen on the freehold sale of a completed development leased to Lidl at Wolverton Works.

Having successfully concluded the letting to Lidl on a 25 year FR&I lease (TBO in year 15) at a rental of £400,000 pax, the Investment Team  have now successfully disposed of the freehold interest for £7,750,000 reflecting a Net Initial Yield of 4.85%, to a private investor.

The lease benefits from 5 yearly rent reviews, upwards only to open market rental value, capped at 2% per annum. The site spans circa 2 acres, and comprises a 26,000 sq ft purpose built foodstore and 135 demised car parking spaces. The development forms part of a wider regeneration of Wolverton Works currently being undertaken by St Modwen.

The deal marks the teams second successful foodstore deal in 2018 following the acquisition of a newly built Aldi Investment in the North East of England on behalf of a retained client.

For  more information please contact Ed Smith or David Freeman.

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G&P Investment Team Feature in the CoStar Disposal & Acquisitions League Table for Q2 2018

G&P Investment Team Feature in the CoStar Disposal & Acquisitions League Table for Q2 2018

Green & Partners Investment Team has featured in the Co Star Disposal and Acquisition League table for Q2 2018.

Their activity has spanned, High Street assets, two Food Stores, a Shopping Centre and Retail Warehouse. Do get in touch with one of the team for more details.

 

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Green & Partners secure new anchors at the Elmsleigh Centre in Staines-Upon-Thames

Green & Partners secure new anchors at the Elmsleigh Centre in Staines-Upon-Thames

Acting for the Landlord, Aberdeen Standard, Green & Partners have recently completed lettings to two new anchors in Elmsleigh Shopping Centre, Staines-Upon-Thames.

Primark opened a new 50,000 sqft store in February resulting in a 19% increase in footfall year on year. Decathlon have opened 18,000 sq ft in South Mall. Both lettings followed H&M upsizing to 20,000 sqft in the East Mall in 2017.

The new anchors are supported by recent lettings to Muffin Break and Toy Barnhaus. Muffin Break agreed a 10-year lease on the last available unit in the north mall and Toy Barnhaus agreed a new 3-year lease from May in the south mall.

For further information please contact either Paul Cooper or Olly Gardner.

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