Aviva Investors secures Best Buy and ties in Halfords at Centaurus Retail Park, Bristol

May 4, 2010

Aviva Investors, advised by Edgerley Simpson Howe, has reconfigured a part-vacant store on its Centaurus Retail Park at Cribbs Causeway, Bristol enabling it to attract the electronics retailer Best Buy to the scheme and regear its lease with existing tenant Halfords.

The 48,668 sq ft store was previously occupied by Carpetright, MFI and Halfords but as part of Aviva’s asset management strategy Carpetright was relocated to another unit on the park after MFI went into administration.

The store was reformatted to create two units making way for Best Buy to take 39,934 sq ft on a 10-year deal at £1.2 million pa. Meanwhile Aviva also negotiated a surrender of Halfords’ former lease before it agreed new 15-year deal at a rent of £270,754 a year on the remaining 8,734 sq ft.

Jonathan East, Real Estate Asset Manager at Aviva Investors says: “We are delighted to have secured Best Buy, an exciting new entrant to the UK market, to our scheme. They are very much in the news at the moment and will attract strong consumer interest that will benefit our other retailers Halfords, Tesco Homeplus, TK Maxx, Hobbycraft and Carpetright.”

Briant Champion Long advised Best Buy. Halfords was unrepresented.

Latest News

Redevco hires Jonathan Cole as Transaction Manager UK

August 8, 2022 - 10:27

Redevco, one of Europe’s largest privately-owned real estate investment managers*, hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and w[...]

+ Read More

RAFT OF NEW RESTAURANTS ON THE MENU AT TOUCHWOOD SOLIHULL 10,000 sq ft of new restaurants opening, including The Real Greek

August 8, 2022 - 10:24

Touchwood shopping centre in Solihull has significantly expanded its dining offer with the opening of four new restaurants totalling nearly 10,000 sq ft of space. The four restaurants will generate a [...]

+ Read More

Melburg snap up 110,000 sq ft Bekaert HQ in off-market back to back

August 8, 2022 - 10:21

Melburg Capital (Melburg) announce the acquisition of the Bekaert manufacturing HQ, a 110,000 sq ft industrial asset located on Park House Road, Bradford in an off-market transaction. The asset was ac[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR