The Company has completed three significant lease transactions which have secured £857,244 of income per annum, and reduced the vacancy rate by 15%.
In a turbulent retail market, which is evolving in response to the changing needs of retailers, the Company continues to do deals, completing one new letting and two lease extensions. These deals take the number of deals completed in EPIC’s retail warehouse portfolio during the past 12 months to 21.
At Clwyd Retail Park in Rhyl, anchor tenant B&Q committed to the park by signing a new 10-year lease, which will expire in 2029. B&Q will continue to pay £508,644 per annum (£12.25 per sq. ft.).
The second lease extension was at Barnsley East Retail Park. Dunelm,Read More