Addington, the investment and asset management specialist announce the first letting from the Retail Plus Portfolio, the £60 million portfolio acquired with Och-Ziff Real Estate(OZRE) from Rockspring, at the end of 2015.
Wildwood Restaurants have exchanged contracts to take a new 15 year lease of circa 4,500 sq ft of newly refurbished space at a rent of £100,000 pax. The space had previously consisted of two separate units which have been combined and redeveloped by the asset managers for Wildwood.
Alex Wagstaff, Partner at Addington said, ” Ilkley is a thriving Yorkshire town which is increasingly attracting investment. This Parade is located around the town’s train station and benefits from a strong tenant line up including Pizza Express, Café Nero, Laura Ashley and M&S Simply Food amongst others. We are excited about this and other opportunities to re-position and re-let the high street properties in the portfolio.”
Barker Proudlove will act for the Landlords going forward on this asset.
