Rockspring Property Investment Managers, on behalf of its UK Value 2 Fund, has let two further units at its Clayton Square shopping centre in Liverpool.
A 3,500 sq ft unit at 18-22 Church Street has been leased to McDonald’s on a 20-year lease at 40% above the previous rent.
A 13,000 sq ft unit on Great Charlotte Street on a 20-year lease has been let to Bon Land Investments, trading as Bon Pan Asian restaurant.
The asset is now 98% occupied, with two remaining units.
Kim Sardar, European director at Rockspring, said: “When we acquired Clayton Square, we identified a number of opportunities to drive income. In just over a year of ownership, we have substantially implemented our business plan well ahead of projected timelines and secured a number of lettings which have significantly improved the income profile of the centre, and diversified the tenant mix, driving footfall and increasing the vitality of the scheme.”
Rockspring was advised by Barker Proudlove and KLM.
To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette
