REI moves quick to secure final tenant for Bearwood shopping centre

Real Estate Investors has secured a new tenant for a vacant unit at its Bearwood Shopping Centre. The empty store resulted from the recent administration of Solihull-based clothing retailer, Store 21. Coffee Lovers (Bearwood) Ltd, trading as Costa Coffee, has agreed a 15-year lease at an annual rent of £42,500, with five yearly rent reviews. It joins existing tenants Aldi, Poundland, Greggs and Lloyds Pharmacy. Jack Sears, REI asset manager, said: “The decision of Costa Coffee to invest in Bearwood illustrates the strong r... For the full story register now for free or login below...
Close