The Loom Weaves Its Final Strand With Last Signing

February 8, 2012

Salmon Harvester and LaSalle Investment Management, have completed the letting of their new retail and leisure park The Loom in Leigh, near Manchester after signing Nando’s as the final tenant to the scheme.

The PERI PERI chicken restaurant group will take a 3,400 square feet unit at the site after signing a 20- year lease.

The Nando’s deal marks the successful completion of a major regeneration project for the town of Leigh which saw the £50 million, 150,000 square feet scheme built on the 14-acre site of a redundant radiator factory.

The completed line-up includes a seven screen Cineworld multiplex cinema, 120,000 square feet Tesco Extra and complementary restaurants including The Real China and Frankie and Benny’s in addition to the new Nando’s unit.

Will Hardyment, of LaSalle Investment Management, said: “We are pleased that The Loom is now fully let since its launch last year, proving a successful scheme. The park has become one of the main retail destinations in Leigh, as well as providing the town with a high quality leisure offer.”

Doug Stewart, chief executive of developer Salmon Harvester said: “We are thrilled to have successfully completed the line-up at The Loom. The scheme brings a new leisure offer to the town, a major food retail store as well as much needed new catering options. Since its opening in November The Loom has already weaved its magic on locals and with this final signing will continue to do so creating both a vibrant day and evening destination for local shoppers and leisure customers.”

Salmon Harvester was advised by DMR and Lyndon Yeomans, while Hoddell Stotesbury Morgan and Montagu Evans advised LaSalle. .

 -ends-

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