October 17, 2011
The BlackRock UK Property Fund, advised by Edgerley Simpson Howe and Indigo Planning, has secured planning permission to let a retail warehouse unit to Marks & Spencer Simply Food at its Castlefields Retail Park in Wellingborough.
The retailer will open a 10,106 sq ft store in the former Allied Carpets unit following the granting of consent for food sales on the site earlier this month.
M&S Simply Food has taken a 15 year lease with a stepped rent over the first five years averaging £19.40 per sq ft. Work will begin shortly on the preparation of the unit allowing M&S to take possession in January 2012 to open during the Spring.
M&S Simply Food will join other retailers on the Park including B&Q, Dunelm, Pets At Home and Dreams.
ESH & Indigo Planning advised BlackRock UK Property Fund; M&S were advised by CBRE.