26th Aug 2014 07:23
LONDON (Alliance News) - British Land Co PLC said Tuesday that it has agreed to let two new units amounting to 36,000 square feet at Wheatley Retail Park in Doncaster to Next PLC and Marks & Spencer Group PLC's Simply Food.
Next is to upsize into a 23,518 square foot unit with a full cover mezzanine floor, on a 15-year lease, whilst Marks & Spencer Simply Food will open its first store at the park, taking a 12,502 square foot unit, said the FTSE 100-listed real estate company.
No financial terms of the lets were disclosed.
"Both retailers are known for driving footfall and will enhance the already strong tenant mix at the park," said British Land Asset Manager Duncan Reader.
Wheatley Retail Park is located on the A630 on the North West edge of Doncaster. Other retailers at the park include TK Maxx, Boots, Matalan and Sports Direct.
British Land was represented by Morgan Williams.
Shares in the real estate company were trading 0.49% higher at 723.50 pence per share Tuesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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