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Redefine Int'l leases Derby unit to TK Maxx

12 May 2017 07:19

Redefine International has signed a 15-year lease with TK Maxx for a new 22,000 sq ft store at Albion Street, Derby.

The company would begin a redevelopment of 9-11 Albion Street in late spring 2017 to combine the basement, ground, first and second floors of the three existing units into a single, modern space to accommodate TK Maxx.

The new store was scheduled to open by late 2018, once internal fittings have been installed, creating 35 new jobs and improving the retail pitch for the city.

The agreed rent of £0.2 million is 50 per cent. ahead of the February 2017 ERV. Capital expenditure to reconfigure the space is anticipated to be £2.2 million.

Story provided by StockMarketWire.com

Related Company: RDI

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