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C&R agrees further lettings on former BHS space

07 February 2017 07:39

Capital & Regional has completed further lettings totalling 64,000 sq ft across two former BHS units at its shopping centres in Walthamstow and Redditch, bringing new occupiers Lidl and The Range into the respective schemes.

Lidl has taken 18,000 sq ft on the ground floor at The Mall, Walthamstow on a 25 year lease, with an expected opening in early summer 2017.

Together with the previously reported 15,000 sq ft letting to The Gym Group the company has already secured a 40% uplift in contracted rent compared to that previously received from BHS, with further significant income expected to be realised upon letting of the remaining 12,000 sq ft of available space, of which over 50% is now under offer.

At The Kingfisher Centre in Redditch, in which Capital & Regional has a 20% joint venture interest, the home, leisure and garden retailer The Range has taken a 10 year lease over the entire 46,000 sq ft unit previously occupied by BHS.

Story provided by StockMarketWire.com

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