DTZ Investment Management has completed lettings to B&M Retail Limited and Costa Coffee at Parc Pemberton, Llanelli, a 136,799 sq ft retail warehousing park. B&M have taken a 10 year lease of the old Comet and Allied units which have been combined to create a new 15,109 sq ft unit.
DTZ Investment Management has also completed the construction of a new 1,700 sq ft pod for Costa Coffee who has taken a 10 year lease on the unit. Maplin have also recently regeared their lease to 10 years. The park is now fully let.
Mark Sealey, Associate Director at DTZ Investment Management, commented: “through these lettings we have added two new weekly footfall drivers to an already strong tenant line up on a park that is now fully let”
DTZ Investment Management has let the 20,548 sq ft anchor store at the Octagon Centre, Burton on Trent to Poundland on a 10 year lease. This follows an active 3 months at the Octagon which has also seen TK Maxx regear their lease to 10 years and committing to refit their store and create a second entrance with a new glazed shop front into the car park. Bon Marche have also regeared their lease and Greenwoods have upsized and taken a new lease on a 1,935 sq ft store. Three new local traders have recently taken units at the Octagon and the whole of the Burton on Trent indoor market has relocated to the first floor.
Mark commented: “It is a challenging environment for secondary shopping centres but we have actively moved the Octagon through a transition period over the past twelve months and are very pleased to see the successful implementation of our asset management strategy culminating in the Centre’s anchor store letting to Poundland and long term commitment to and investment in the centre by TK Maxx.”