Redevco Signs Up Poundland In Midlands Double

May 14, 2012

Redevco UK has secured lettings to value retailer Poundland in two of its Midlands properties.

In Derby, the 35,540 sq ft former TJ Hughes store at 1 London Road has been let to Poundland on a new 15-year lease at an annual rent of £250,000.

Unit 2c in the Wulfrun Centre in Wolverhampton, previously occupied by TK Maxx, has also been taken on a new 15-year lease. The rent on the 61,000 sq ft store is £260,000 a year.

Tushingham Moore advised Redevco in both transactions with Jones Retail advising Poundland.

  –       Ends –

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