Following Arcadia’s CVA last year, the Company has exercised its option to break the lease to Arcadia. The Investment Manager considered that the rent set under the CVA was below market, so took the opportunity to exercise the break clause. The 13,202 sq. ft. unit will be split in two, and 6,792 sq. ft. has been pre-let to JD Sports. With good tenant interest in the remaining 6,006 sq. ft. unit, the Investment Manager is confident of letting it up soon.
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