Double commitment from bed retailer Dreams at two retail parks
Nationwide bed retailer Dreams has signed a 10-year lease at Liverpool Shopping Park and agreed a move to a larger unit at White City Retail Park, Manchester.
Dreams will occupy a 10,021 sq ft unit on the Lifestyle part of Liverpool Shopping Park, which is already home to B&Q and fronts on to main route Edge Lane.
At White City Retail Park, Dreams has renewed its lease for a further 10 years and will move from its current corner location to a larger unit, which increases its footprint by almost 2,000 sq ft.
White City Retail Park’s other tenants include Currys PC World, Halfords, Wren and Furniture Village as well as M&S Food Hall, Iceland Warehouse, Aldi, Nandos and Costa.
James Maule-Finch, senior asset manager for The Derwent Group, which owns both Liverpool Shopping Park and White City Retail Park, said: “This is excellent news for both retail parks as it builds on our relationship with Dreams and reiterates that retailers are still willing to commit to high footfall locations and open new sites, even in a very challenging market.”
CSP acted for The Derwent Group at White City, and CSP and McMullen RE at Liverpool Shopping Park.
White City Retail Park and Liverpool Shopping Park are owned by The Derwent Group which is part of the Albert Gubay Charitable Foundation and operates across the retail, leisure, industrial and commercial sectors.
The Derwent Group has a commercial property portfolio of three million sq ft, including 2.1 million sq ft of retail and leisure space.
Through The Albert Gubay Charitable Foundation, The Derwent Group generates grants to charitable causes in excess of £10m per annum.