DREAMS EXPANDS STORE IN TURNSTONE’S CHELMSFORD SCHEME

February 22, 2010

Dreams plc is expanding its bedding superstore at Turnstone Estates’ £20m development Army & Navy on Parkway, Chelmsford.

Dreams will add an additional 4,058 sq ft at a rent of £22.50 per sq ft to its existing 7,509 sq ft store. The deal is coterminous with its 15-year lease which expires in 2024.

Chris Goldsmith, managing director of Turnstone Estates, comments: “It would seem that Dreams is following the earlier lead of The Restaurant Group in taking more space at this prominent scheme following better than expected trading results. This is a terrific endorsement for our Army & Navy development and leaves just 5,265sq ft to let, the majority of which we have just placed under offer.”
Other occupiers at the Army and Navy development on Parkway include an 81-bedroom Travelodge Hotel and TRG restaurants, Frankie & Benny’s and Chiquito.

Januarys and Waring & Partners represented Turnstone Estates. Dreams plc was unrepresented.

Latest News

HANOVER GREEN RECRUITS NEW PARTNER

July 2, 2024 - 08:51

Hanover Green has appointed Stuart Barron as a Partner in its Lease Advisory team. Barron joins the firm after spending 10 years at JLL and 7 years at CBRE prior to that, and specialises in providing [...]

+ Read More

Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management

June 24, 2024 - 09:55

  New CEO Neil Slater further strengthens Redevco’s leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management. This is the fourth key hire for Redevco in 2[...]

+ Read More

Haslams Score a Touchdown with Newest Hire

June 24, 2024 - 09:49

The largest independent Thames Valley surveying and commercial property firm Haslams Surveyors LLP has announced the appointment Tom Holwell as their newest Commercial Agency Surveyor. “Tom will pla[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR