Purchase of Prescot Shopping Centre
Group Geraud UK, advised by Norbury Sansom, has purchased the Prescot Shopping Centre near Liverpool. Tenants include M&Co, Home Bargains, Superdrug, Heron Frozen Foods, Farmfoods and Card Factory. Further asset management will be actioned over the next few months
Currys lease re-gear at Fareham
Retail Property Advisor, Norbury Sansom, has acted for Marchmont Investment Management to agree a lease extension to the DSG Retail lease, trading as Currys, at Parkgate Retail Park in Fareham. The lease has been extended by 5 years, now expiring in 2021.
Site purchase for the Co-Op
Norbury Sansom has acted on behalf of the Co-operative Stores main group in acquiring a freehold development site. It fronts Mid Devon Business Park in Willand, close to Exeter, where the Co-Operative will build a new 4,000 sq.ft generation 2 convenience store . Planning consent has been secured and the Co-op expect to be on site shortly.
Peacocks opens in Bexleyheath
Peacocks Stores, part of the Edinburgh Woollen Mill Group, has taken a new 5,000 sq.ft store in Units 62,63 & 64 of the Broadway Shopping Centre in Bexleyheath at a rental of £140,000pa. Norbury Sansom is delighted to have acquired this on behalf of their client, Peacocks.
Halfords take new lease at Fareham
Landlord, Marchmont Investment Management has negotiated a new lease with Halfords on Park Gate Retail Park in Fareham, Hampshire. They have taken a new 10 year term on their existing premises at a rent of £289,250pa. The park, located on Southampton Road, also includes a PC World & Currys superstore. Norbury Sansom acted on behalf
Tunbridge Site Purchase for Wickes
Norbury Sansom has acted for Travis Perkins Properties Ltd in purchasing the former Courier Newspaper site on Longfield Road in Tunbridge Wells. They will build a Wickes Building Supplies store, subject to securing the relevant planning consent
Norbury Sansom appointed by Peacocks
Retail Property Advisors Norbury Sansom are delighted to have been retained by fashion retailer Peacocks in the south east. Peacocks, part of the EWM Group, operates from around 450 stores throughout the UK and is now seeking further stores to enable rapid expansion. We require units of 4,000 sq.ft upwards in shopping centres, retail parks
Ponden Home on the Acquisition Trail
Ponden Home has appointed Norbury Sansom to find further stores in the south east to expand their current portfolio. We are looking at High Streets or shopping centres and require a minimum of 1,700sq.ft of sales plus some ancillary storage.
99p Stores expands further
99p Stores has acquired a number of units recently to continue their expansion across the UK. Norbury Sansom acted on their behalf to secure units in Chadwell Heath, Bletchley, Margate, Surrey Quays and Torquay. We are still seeking more units for 2014 and beyond so please send us any details you think might be suitable.
Former Travis Perkins Head of Group Property Acquisitions joins Norbury Sansom
Norbury Sansom are pleased to welcome Mike Hill who will join the company as a Consultant with immediate effect. Mike, who is well known in the retail property market, has worked in the sector for over 25 years in a variety of senior agency and corporate roles. Having completed over 10 years in the Property
Market Village appoints Norbury Sansom
Specialist market retailer, Market Village, has appointed Norbury Sansom to secure new opportunities to add to their current list of outlets. Market Village is part of French company Groupe Geraud who own the successful Brixton Village & Market Row. We are seeking stores of circa 20,000 to 30,000 sq.ft in prominent locations in High Streets
Norbury Sansom has been very busy this month securing further new units on behalf of 99p Stores. We have acquired the former Peacocks in Chadwell Heath, Gravesend Retail Park, The Place in Milton Keynes, Houndstone Retail Park in Yeovil and Colchester Retail Park. All these stores will open in the coming months.
More Shops Required – 99p Stores
Single price discounter, 99p Stores is actively searching for 40 new stores for 2014. Norbury Sansom are retained to advise. Please click on the attached flyer for further information.
Wickes continues to build
Norbury Sansom were very busy at the end of 2013 completing a number of deals on behalf of Wickes Building Supplies including re-gears of existing stores and acquiring new sites. We continue to help them with their asset management and new acquisitions, with an aggressive opening programme planned for the next few years. Please contact
New 99p for Portishead
99p Stores have acquired the former Dreams store on Wyndham Way Retail Park in Portishead, close to the city of Bristol. The unit, built in 2009, provides modern retail space and extends to 5,083 sq.ft. It sits alongside Peacocks, Pets at Home and New Look with excellent frontage to Wyndham Way Rowe Estates is the
Retailer sails into the Isle of Wight
The former HMV in High Street, Newport, Isle of Wight has been taken by 99p Stores. The retailer has taken a new 10 year lease from Shell Pensions Trust on the large unit at a rent of £175,000 per annum. Norbury Sansom acted on behalf of 99p Stores. CBRE acted for Shell Pensions Trust
Single price discounter 99p Stores has taken a unit on Orchard Street’s Imperial Retail Park in Gravesend. The unit, extending to 7,013 sq.ft is located on the park with retailers including B&Q, Lidl, Pets at Home and Halfords. The landlord obtained planning consent for 99p’s use and the store will open for trade in March
Worcester St Martins Quarter new opening
99p Stores have taken units 7A and 7B of Richardson’s St Martin’s Quarter scheme in Worcester, anchored by an ASDA foodstore. The new unit will be over 6,000 sq.ft and offer a full product line to customers. Norbury Sansom acted on behalf of 99p Stores.
Ipswich gets a big discount
Norbury Sansom, acting on behalf of 99p Stores, have taken the former QD store on Carr Street in Ipswich and will open a very large unit with a sales area of around 20,000 sq.ft. This will be one of the largest single price stores in the UK.
Norbury Sansom will be attending the BCSC conference on the 11th-12th September and Completely Retail Marketplace on the 24th September. Please call us if you’d like to meet up We look forward to seeing you there!
Wickes secures site in Christchurch
Norbury Sansom, acting on behalf of Travis Perkins, have acquired a circa 1.5 acre site in Christchurch, Dorset for their Wickes Building Supplies fascia. A planning application is due to be submitted shortly for a circa 20k sq.ft. ground floor store. This acquisition is part of the property strategy for Wickes in the Christchurch/Poole/Bournemouth conurbations
Acquisition on Cirencester’s only retail park
99p Stores have signed terms for a unit on Consolidated Property Group’s new out of town development of the former Vygon site, Bridge Street in Cirencester. This will be the only retail park in the town and 99p Stores will line up alongside the likes of Sports Direct and Pets at Home in an 8,000
Where Next For Retail Stores
In light of the blurred boundaries between physical and virtual retail space, retailers are looking very closely at how this impacts on the role and function of existing and futures stores. Norbury Sansom believes that there will be an on-going need for physical space albeit, for some retailers, this may well be on a smaller scale
99p to open at The Meads, Farnborough
99p Stores has exchanged for a new store in St Modwen’s The Mead’s Scheme in Farnborough Town Centre. The unit will provide over 6,000 sq.ft of new space in a prime position on the High Street. Norbury Sansom acted for 99p Stores
New retail park unit in Cornwall for 99p Stores
99p Stores have taken the former Comet Unit on Camborne Retail Park in Redruth. The 10,000 sq.ft unit is now open and trading successfully.
New 99p Store for Exeter
99p Stores have signed a new lease to take a store at Exe Bridges Retail Park in the Marsh Barton area of Exeter. It sits adjacent to Exeter St Thomas train station and fronts Alphington Road (A377). The park, owned by LaSalle Investment Management, has an excellent line up and is one of the only open
Wickes secures relocation in Borehamwood
Wickes have secured a relocation for their store in Borehamwood. This allows them to vacate the retail park and take a standalone bespoke store on Legal & General’s scheme on Elstree Way. Norbury Sansom acted for Wickes
Wickes takes former Comet in Cambridge
Norbury Sansom, acting on behalf of Wickes Building Supplies Ltd have secured an assignment of the former Comet lease at 393-395 Newmarket Road, Cambridge. Wickes will be opening a store of 15,000 sq.ft. later this year.
99p stores sent to coventry
Norbury Sansom, acting on behalf of 99p Stores, have acquired a new unit at Central Six Shopping Park in Coventry. The unit, previously occupied by Peacocks and extending to 697.88 sq.m (7,512 sq.ft, is due to open at the end of February 2012 and will provide the full array of products. The store will sit
launceston gets new 99p store
99p Stores has taken a new unit of 6,300 sq.ft on Launceston Retail Park, which is owned by landlord, London Metric Property PLC. The store is trading very well and the opening has increased footfall across the park by 30%. Norbury Sansom facilitated the deal in just three weeks for 99p Stores Limited.