F&C REIT has let its former Rosebys shop at Newbury Retail Park in Newbury, Berkshire , to value retailer Peacocks and coffee chain Costa Coffee.
Peacocks has taken a 10-year lease for 7,800 sq ft at £25 per sq ft and Costa Coffee has taken a 10-year lease on a smaller shop of 1,900 sq ft at £32.50 per sq ft.
The lettings mean the retail park is now fully let.
Newbury Retail Park comprises 170,000 sq ft of open A1 retail and restaurants. Other tenants include New Look, Arcadia , Next, Argos , Currys and Homebase.
George Cotton, head of out of town retail at F&C REIT, said: “Following the closure of the store, we are delighted that we have relet the former Rosebys unit to Peacocks and Costa Coffee, maintaining a high-quality level of tenants at Newbury Retail Park . It is clear that dominant out-of-town retail warehouse space remains attractive to retailers seeking prime locations with high footfall.”
annabel.dixon@estatesgazette.com
