Leeds-based property investor and car park operator, Town Centre Securities PLC (TCS), has completed a new lease to high-profile national retailer, The Works, at 448-450 Holloway Road in London.
The Works has signed a 5 year lease for the retail unit which was formerly occupied by Mothercare and fronts Holloway Road, the main thoroughfare linking Central London to its northern suburbs. The Works will join a range of neighbouring retailers including Vodafone, Holland & Barrett and Carphone Warehouse.
The completion of the deal has released the first floor of the property for residential development to enable TCS to contribute to the thriving rental market in the busy North London suburb.
Matthew Coates, Investment Manager at Town Centre Securities said:
“TCS is pleased to announce the signing of the new lease to The Works at Holloway Road in London. To have secured a national retailer of this nature for this prominently positioned unit will undoubtedly enhance the retail offering in the locality and we are looking forward to progressing with the residential element on the upper floors of the property.”