Tag

JD Sports Archives - Ediston

Break notice served on Arcadia at Widnes Shopping Park

By | News
Following Arcadia’s CVA last year, Ediston, on behalf of the Ediston Property Investment Company plc has exercised its option to break the lease to Arcadia. Ediston considered that the rent set under the CVA was below market, so took the opportunity to exercise the break clause. The 13,202 sq. ft. unit will be split in two, and 6,792 sq. ft. has been pre-let to JD Sports and there is good tenant interest in the remaining 6,006 sq. ft. unit.
Read More

Trio of EPIC lease transactions

By | News
In a turbulent retail market, which is evolving in response to the changing needs of retailers, Ediston continues to do deals, completing one new letting and two lease extensions.  These deals take the number of deals completed in EPIC’s retail warehouse portfolio during the past 12 months to 21. At Clwyd Retail Park in Rhyl, anchor tenant B&Q committed to the park by signing a new 10-year lease, which will expire in 2029.  B&Q will continue to pay £508,644 per annum (£12.25 per sq. ft.). The second lease extension was at Barnsley East Retail Park.  Dunelm, who occupies 25,370 sq. ft. has also signed a new 10-year lease, at the passing rent of £213,600 per annum (£8.42 per sq. ft.).
Read More