September 19, 2014
Aberdeen Asset Management, advised by ESH, has let a 6,965 sq ft retail warehouse unit at Catford Hill Retail Park, Catford, south east London to Poundstretcher.
The variety retailer has taken an assignment of a lease on the former Paul Simon unit from the administrators with a simultaneous regear with the landlord resulting in a rent increase of £131,500 pa (£18.75 per sq ft) in return for a 14-month period of reduced rent.
Poundstretcher were unrepresented.
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