Three LCP-owned and managed retail convenience parades are now fully let after a successful period of marketing.
No.18 Coffee and Eatery has agreed a five-year lease for unit 6 at Kimberley Shopping Centre, in Kimberley, Nottingham. It will join 12 other retailers at the scheme, including Greggs, Card Factory, Wilko and Heron Foods.
The 760 sq ft unit is undergoing fit out and is expected to open in April.
At St Wilfrid’s Square Shopping Centre, in Calverton, Nottingham, will be divided into a Barber shop on the ground floor and Vape Shop on the first floor. They have agreed a seven-year lease for no.17, a 1,425 sq ft unit. This popular open-air parade has 16 retail units, including Sainsburys, Greggs and Boots. It is expected to open in April.
The final letting is at Forge Corner, Blaby, Leicestershire, where Huntsmen Barbers has signed a five-year lease for unit 4, a 811 sq ft shop. Fit out is under way , with an anticipated opening of April. It will join nine other occupiers at the parade, including McColls, Nationwide, Age UK and Your Move.
Barry Flint, Asset Manager of LCP, said: “Signing three new tenants in quick succession shows that the local convenience sector is thriving, and local, independent operators are keen to grow their businesses within their communities. We’re looking forward to welcoming them to our parades.”
FHP work closely with leading commercial property and investment company LCP, acting as agents for their East Midlands property portfolio and Oliver Marshall, Associate Director at FHP is clearly delighted about the deals.
Oliver told Business Link: “It has been great working with LCP on these instructions and concluding matters swiftly. LCP have properties across the UK and we are pleased to be their agents across the East Midlands. These lettings show a snapshot of where we are in the market, where there is still very strong retail demand particularly in town and suburb locations especially within neighbourhood retail parades. We continue to see demand from new businesses and growing independent and regional businesses who are looking to secure prominent retail positions.
The schemes mentioned all have excellent parking facilities onsite or close by and are well shopped serving the local communities.
We work hard to identify and target uses and operators who are not present in order to deliver the best result and improve the tenant mix in each scheme.”
