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Ediston

Two New Tenants at Kingston Retail Park, Hull

By | News
Ediston has now completed the lettings of units 5a, 5b and 5c which extend to a total of 18,868 sq. ft. Iceland Foods Limited has signed a new 10 year lease, on units 5b and 5c which have a total area of 13,672 sq. ft. Iceland will trade the store as a ‘Food Warehouse’. Sue Ryder has signed a 10 year lease with a 5 year tenant break option on unit 5a, which extends to 5,196 sq. ft. Both tenants were granted a short rent-free period of only three months. The retail park was acquired in December 2017. Units 5a, 5b and 5c were vacant, but benefited from a rental guarantee from the previous owner, which was due to expire
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This is Money, Investing Show: Is commercial property an unloved UK investment that’s ripe for returns?

By | News
Britain’s commercial property market can be as much of a soap opera as its residential one. In recent years it has swung from its post-financial crisis woes, to being firmly on the up, before buckling under the burden of Brexit and fears for the retail sector. The latest trouble for the sector comes in the world of shopping centres and high streets, where retailers are attempted to negotiate their way out of expensive rents – and in some cases going bust. Yet, despite the worries, property can remain a profitable place to invest and deliver solid income as part of a portfolio. Navigating their way through that, investment trusts such as Ediston Property Investment Company, can chunky dividends – 5.5
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First handovers at Devongrange

By | News
Ediston Homes have completed and handed over the first new homes to customers at our Devongrange development in Sauchie. This marks an important milestone as the first homes to be completed from Ediston’s brand new range of contemporary house designs incorporating high quality specification, functional family layouts and stylish finishing touches. The Marketing Suite at Devongrange is open seven days a week and can be visited between 10.30am and 5pm – drop by and see what we have to offer.
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New Commercial Director in the residential team

By | News
Mark Coughlan has recently joined the residential team in the role of Commercial Director. Mark brings valuable commercial experience to the Ediston residential team having previously worked with the likes of Miller Homes and Robertson Homes, and immediately prior to joining Ediston Mark was employed as Commercial Director with Avant Homes. This is a key appointment in the continued growth of the residential team, assisting Ediston to deliver our current project pipeline ranging from family housing to city centre apartment developments.
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New letting in Barnsley East Retail Park

By | News
Ediston, on behalf of its listed REIT, the Ediston Property Investment Company plc, has signed a lease on unit B, Barnsley East Retail Park, with B&M Retail Limited (‘B&M’).  The new letting has increased B&M’s occupation on the park by 40%. B&M occupy the adjoining unit A which extends to c. 25,000 sq. ft. on a lease expiring in September 2027.  Unit B, which extends to c. 10,000 sq. ft., was previously occupied by Carpetright, who completed a Company Voluntary Arrangement (CVA) in 2018.  Under the terms of the CVA Ediston was able to secure vacant possession of the unit to facilitate the new letting. B&M has signed a lease on unit B and will trade from both units as
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Lease activity secures increases in passing rents for Pallion Retail Park

By | News
GO Outdoors signed an Agreement for Lease (AFL) on unit 2, which comprises 11,345 sq. ft., in June 2018.  The AFL was conditional on Ediston carrying out various repairs to the property.  These repairs were required following Ediston securing early possession of the unit from B&M following its relocation to larger premises on the park. The works have now been undertaken and a new 10-year lease with a five-year break clause has been completed.  The rent passing of £187,192 per annum is 20% higher than the rent paid by the previous tenant. This letting follows the lease renewal to The Wallpaper Warehouse which completed in December 2018.  The Wallpaper Warehouse has remained in unit four, which extends to c. 6,000
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Widnes Shopping Park, Widnes

By | Projects
There are significant development opportunities to accommodate tenant demand, as well as lease re-gears and asset management initiatives to undertake. PURCHASE The Shopping Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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Barnsley East Retail Park, Barnsley

By | Projects
There are significant development opportunities to accommodate tenant demand on the property and there exists lease re-gears and asset management initiatives to complete. PURCHASE Barnsley East Retail Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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Prestatyn Shopping Park, Prestatyn

By | Projects
There is reversionary potential across the park and also development opportunities to accommodate tenant demand. PURCHASE Prestatyn Shopping Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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Kingston Retail Park, Hull

By | Projects
The park was purchased with vacancy and existing tenant demand and development opportunities to meet this demand further increasing value at the property. PURCHASE Kingston Retail Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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