Sainsbury’s has been secured as the anchor tenant for the former Morrisons store at Norwood Heights Shopping Centre, Upper Norwood, London.
The 42,000 sq ft store was let on a new 25 year lease at rents of £20 per sq ft.
Sainsbury’s is now in the process of fitting out the store, which is due to open this summer.
Letting agents DTZ were instructed by Legal & General to find a replacement for the store following Morrisons decision to close and place their lease on the market.
Colliers CRE represented Sainsbury’s.
References: EGi News 24/04/06
