Riverside, the 385,000 sq ft mixed-use extension to Hemel Hempstead town centre, is now more than 85% prelet.
The four new operators signing up to the scheme this week are :
- Fashion retailer Monsoon, which has taken 6,500 sq ft over ground and first floors on a 15-year lease at £175,000 pa.
- Mobile phone retailer The Link, which has taken a 657 sq ft store on a 15-year lease at £65,000 pa.
- Discount designer label chain TK Maxx , which has taken a further 4,800 sq ft in the scheme, extending its shop to a total of 34,800 sq ft on a 15-year lease at a total rent of £267,500 pa.
- Oriental restaurant Aroma has taken a 9,103 sq ft shop on a 25-year lease at a rent of £100,000 pa.
The scheme, developed by Crest Nicholson and funded by Arlington Securities, is scheduled to open this autumn.
Ian White, director of Crest Nicholson Developments, said: “With the anchor store, key operators already in place, and the scheme more than 85% let, these latest deals further strengthen our plans to increase our range of retailers and leisure operators at Riverside, as well as attract well known names to the town.”
Hartnell Taylor Cook and Donaldsons are retained letting agents on the scheme. Blair Kirkman acted for Monsoon and Colliers CRE acted for The Link.
References: EGi News 15/07/05
