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

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR