Kitchens manufacturer to move its Warrington store in retail park swap
Wren has signed a 10-year lease, which will see the national kitchen retailer move its Warrington store from Riverside Retail Park to Junction Nine Retail Park.
The company will take Units 6D and 6E at Junction Nine, which total 14,000 sq ft and were previously occupied by Mothercare.
James Maule-Finch, senior asset manager for The Derwent Group which owns Junction Nine, said: “This is exceptional news for Junction Nine, particularly in the midst of perhaps the most challenging retail market in history and it shows that, even in difficult times, retailers will commit to the right locations.
“Wren will enhance our already strong line of home-focused retailers which includes Dunelm, Dreams and Carpetright and is sure to benefit from its high profile location on one of the longest and most prominent retail park frontages in the UK.”
The new Wren store is expected to open in the first quarter of 2021.
CSP acted for the Derwent Group and Mason Partners LLP acted for Wren.
Junction Nine Retail Park totals 188,000 sq ft of retail space and 963 car parking spaces, with an additional 50,000 sq ft under development as part of The Derwent Group’s expansion of the park.
The park’s existing retailers include Currys PC World, Pets at Home, Home Bargains, Nando’s and Starbucks
Junction Nine Retail Park is owned by The Derwent Group which is part of the Albert Gubay Charitable Foundation and operates across the retail, leisure, industrial and commercial sectors, with a commercial property portfolio in excess of 2.8 million sq ft.
Through The Albert Gubay Charitable Foundation, The Derwent Group generates grants to charitable causes in excess of £10m per annum.