Investor lands two new lettings at retail park

Southgate Retail Park

Real Estate Investors, the Birmingham-based Real Estate Investment Trust with a portfolio of 1.37m sq ft of investment property, has secured two new lettings at Southgate Retail Park in Derby.

Ian Clark, director, Asset Management, at REI, said that when the two units were vacated by Subway, they were “immediately” snapped up by local businesses.

The 1,600 sq ft retail unit to the front has been taken by Basat Mahmood and Aqib Iftikhar on a 15-year lease to open a local convenience store.

The rear unit, also 1,600 sq ft, has been taken on a five-year lease by Asgar Tair who runs a boxing gym as a charitable enterprise.

The park is anchored by a Lidl store and includes The Gym Group and the Royal Mencap Society.

Click here to sign up to receive our new South West business news...
Close