A LEADING trader has taken space at Birstall’s Spring Ram Retail Park.
Property consultancy Knight Frank advised on the letting of a 11,400sq ft retail unit to Homesense, part of the US-based TJX Group, which also includes TK Maxx.
Homesense, which specialises in designer discount home furnishings, is moving into the unit previously leased by bookseller Borders. It has agreed a rental of £32.50 per sq ft on a 15-year lease.
Spring Ram Retail Park, off Junction 27 of the M62, was bought by Leeds and London Investment in April last year for £8.1m from NPI, part of the Pearl Group. The retail park’s other occupants include Habitat.
Alex Munro, head of commercial agency development at the Leeds office of property consultancy Knight Frank, advised Leeds and London Investment on the acquisition and the subsequent letting to TK Maxx
He said: “This transaction, involving a new tenant at one of the M62’s best-known retail parks, proves that deals can be done in this challenging climate if the product is right.
“In this case, the location is one of the best retail warehouse locations in the north of England. The two tenants, Homesense and Habitat are both household retail names and take up 22,000sq ft of prime retail space.
“The retail park itself is adjacent to Birstall Shopping Park and Junction 27 Retail Park as well as being close to IKEA. This is a major retail destination and a great move for Homesense.”
London-based retail warehouse specialists Morgan Williams advised Homesense.