REDEVCO SECURES NEW TENANTS FOR FORMER WOOLIES

August 28, 2009

Redevco has secured deals on two former Woolworths stores in Derby and Ilford, east London.

The unit formerly occupied by Woolworths at 1 London Road in Derby has been let to TJ Hughes. The department store retailer has agreed a 10 years lease at an annual rent of £315,000 for the 35,540 sq ft unit. TJ Hughes received a three month rent-free period as part of the incentive package.

Redevco has also let the former Woolworths at 1-4 Balfour Road in Ilford, east London to Wilkinsons. The homeware retailer has signed a 20 year lease initially paying £370,000 annual rent, which will increase to £510,000 after the fifth year. The store measures 51,751 sq ft. Wilkinsons received a significant capital contribution.

Tushingham Moore advised Redevco in both transactions with CBRE acting for both TJ Hughes and Wilkinson’s.

– ends –

Latest News

KLM REAL ESTATE PROMOTES TOM JAMSON TO PARTNER

June 27, 2022 - 10:34

KLM Real Estate has boosted its retail advisory team with the promotion of Tom Jamson to partner. Having joined the firm in 2013, Tom focusses primarily on designer outlets, central London high street[...]

+ Read More

HANOVER GREEN RETAIL APPOINTS CHRIS BRAITHWAITE AS NON-EXEC DIRECTOR

June 21, 2022 - 09:11

Hanover Green Retail has appointed Chris Braithwaite, a former Senior Director at Apple as a Non-Executive Director. While at Apple, Braithwaite was responsible for leading their Global Retail Real E[...]

+ Read More

Harrods celebrates the highly anticipated launch of H beauty Gateshead

June 20, 2022 - 08:39

Harrods is proud to celebrate the opening of H beauty Gateshead, the brand’s fifth standalone beauty store in the UK, located in the Metrocentre. Offering an unparalleled beauty utopia, the 30,203 s[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR