New lease negotiated on Penarth Road retail premises

On behalf of landlords Crayford Investment Holdings Ltd., Fletcher Morgan and Oxygen Asset Management Ltd. have negotiated the renewal of the lease on a prominent retail and warehouse premises on Penarth Road, Cardiff.

The property, 242 Penarth Road, occupies 2.54 acres, has floorspace of 43,767 sq ft, and is let to the bed specialist Dreams.

The financial details of the deal are confidential.