Property agency secures new lease for supermarket giant

A supermarket chain has committed itself to Nottingham after property agency NG Chartered Surveyors brokered a deal for it to extends its stay in the city centre.

Acting on behalf of a private landlord client, Richard Sutton, NG’s managing director, secured a new lease with Tesco for its convenience store on Long Row.

Sutton said: “Despite the bad headlines, canny city centre retailers are thriving and we’re delighted to be able to ensure that a prestigious name like Tesco remains at this prime site on Long Row. This is a win-win for both our clients – who have extended their relationship with a quality tenant – and for Tesco who will continue to serve the people as they have done so successfully over the years.”

Paul Hinchliffe, partner at Nelsons, provided legal advice on the deal and said: “What a good way to start the New Year. Convenience stores in city centre locations are important for the high street, so it’s positive to see Tesco committing to this location for the foreseeable future.”