Norbury Sansom advises Poundstretcher on CVA
Retail property advisor, Norbury Sansom, has helped Poundstretcher, working alongside KPMG, to achieve success in their recent CVA by providing property guidance to interested parties prior to the voting period. This resulted in the CVA being voted through at a level of circa 92%. The business should now be on a much better footing for the future.
Furthermore, Norbury Sansom have been further asked to agree a number of post CVA deals on stores in which Poundstretcher would, if the terms are acceptable, like to stay in occupation.
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Swindon Co-Op acquired for Pure Gym
Pure Gym have acquired the former Co-Op adjoining Dobbies Garden Centre in North Swindon. The unit, extending to 13,500 sq.ft, is visible from the A419 giving easy access to this part of Swindon and the M4 motorway. The unit will be re-clad and will be completely re-furbished to provide modern space with car parking.
Norbury Sansom acted for Pure Gym.
Pure Gym acquire in Hemel Hempstead
Pure Gym have acquired 15,000 sq.ft of space in The Marlowes Shopping Centre in Hemel Hempstead. The gym is at a first floor level with its own entrance externally and car parking for members. Pure Gym took a 15 year lease at a rental of £240,000 per annum.
Norbury Sansom acted for Pure Gym. The landlord is Capital & Regional
Poundstretcher surrender in Swansea
Poundstretcher have agreed a surrender of their store at Junction 47 Retail Park in Gorseinon to make way for future development. They have two stores in the area, having taken the former B&Q and this store was surplus to requirements. The store was handed back unconditionally with no dilapidations liability.
Norbury Sansom acted on behalf of Poundstretcher.
Pure Gym acquire DW Fitness in Aylesbury
Pure Gym have acquired the DW Fitness First in Aylesbury in an off market transaction. The gym is at first floor level on Aylesbury Shopping Park and extends to circa 20,000 sq.ft.
Norbury Sansom acted on behalf of Pure Gym. Avison Young acted for the landlord.