Ediston Property Investment Company plc ('Ediston' or 'the Company') is a UK-listed Real Estate
Investment Trust (REIT) investing in commercial property throughout the UK.

10 May 2023

Marks and Spencer is coming to Plas Coch Retail Park, Wrexham

The Company has completed an Agreement for Lease with Marks and Spencer at Plas Coch Retail Park, Wrexham.

On completion of landlord works, expected in August 2023, M&S will sign a 10-year lease on a newly created 21,000 sq. ft. unit and will pay a market rent which is 27% ahead of the independent valuer’s Estimated Rental Value.

A separate unit of 4,000 sq. ft. will be created as part of the works, which will provide additional income to the Company once let. We believe this unit will be attractive to occupiers given it is adjacent to M&S.

Calum Bruce, Investment Manager, commented:

“Securing a tenant of M&S’s calibre is transformational for our asset and underscores the strength of the location and its attractiveness to national tenants. It also illustrates the preference of many retailers to choose out-of-town retail warehouse parks ahead of the high street and shopping centres as their favoured trading destinations.”