Belgrave Land has prelet 39,000 sq ft at the second phase of its Telegraph Park retail scheme in Kettering.
PC World is taking 14,000 sq ft on a 15-year lease at £20 per sq ft at the Dunbar Bank-funded Telegraph Park on Northfield Avenue.
Comet is taking 20,000 sq ft on a 15-year lease at £19 per sq ft. Maplin is taking 5,000 sq ft on a 15-year lease at £20 per sq ft.
The first 62,000 sq ft phase of Telegraph Park comprises a 50,000 sq ft Wickes store and a 12,000 sq ft Carpetright store.
Belgrave Land director, Richard Swaine, said: “Wickes is now a well established anchor which is trading well. This was obviously an attraction to the new tenants who also see strong sales potential based on the town’s exponential residential growth prospects.”
Belgrave Land, owned and managed by Jonathan Willoughby, Richard Swaine and John Hoyle, has a 600,000 sq ft portfolio of which the majority is retail warehousing.
Dunbar Bank provided the development finance for the £15m first phase and is now providing £5m for site acquisition and development finance for the second phase of Telegraph Park which is scheduled to complete around March 2009, with the store openings scheduled for Easter 2009.
