DOUBLE SUCCESS FOR SALMON IN WIGAN

October 4, 2018

Salmon Harvester Opportunity Fund (SHOF) has secured two deals totaling 47,400 sq ft at its Marus Bridge Retail Park in Wigan.

SHOF has agreed a new letting to Iceland Foods, trading as Food Warehouse, on a 10,400 sq ft store. The occupier has signed a 10-year lease at a rent of £16 per sq ft.

B&M Stores, an existing retailer on the park, has signed a 10-year lease extension on a 37,000 sq ft store at a revised rent of £13.50 per sq ft.

Marus Bridge is an open A1 retail park on the south western edge of Wigan town centre and is located adjacent to a Sainsbury’s supermarket.

Matthew Meaden, Fund Manager at SHOF said: “The decision by Iceland to take a new store and B&M’s lease extension are both a fantastic endorsement the retail park.”

Salmon Harvester Opportunity Fund was represented in this transaction by Edgerley Simpson Howe, Mason Owen advised Iceland and BPC advised B&M.

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