Addington Capital announce office and retail lettings in Shrewsbury

Addington Capital, the property  investment and asset management company has been completed a trio of office deals at Princess House, Shrewsbury Town Centre in recent months and the upper floor is now fully let.

  • The Secretary of State for Communities & Local Government has signed a 10 year lease renewal to occupy circa 12,000 sq ft across the ground, first, second and third floors.
  • Capita Business Services Ltd (on behalf of The Ministry of Defence) has taken a new 10 year lease on circa 5,970 sq ft of space on the second floor
  • Shropshire Community Health NHS Trust has signed a new 5 year lease on circa 6,000 sq ft at 3rd floor.

Furthermore, a new letting to Cote Brasserie has been completed on a new 25 year lease on the ground floor of the premises fronting The Square at 14/16 The Square.

Addington acquired the building as part of the Retail Plus portfolio acquired from Rockspring in November 2015 and has been actively asset managing since.

Alex Wagstaff, partner at Addington Capital said, ” We are delighted with what we’ve been able to achieve with this building in Shrewsbury which is a bustling market town. Securing a popular chain such as Cote to Market Square, as well as strong tenants in the offices above bodes well for the town.”

Addington has also recently refurbished a small vacant unit on Princess Street extending to circa 5,000 sq ft that is now available to let via the letting agents Ockleston Bailey and Cooper Green Pooks.