Leasing surge at Sovereign centre
Published: 22 February, 2017
Weston-super-Mare centre attracts new brands
Vixcroft has completed a raft of new deals at the Sovereign shopping centre, Weston-super-Mare. In all 20 leasing transactions have been completed since Vixcroft acquired the scheme less than two years ago.
JD Sports has signed a 10-year lease on Unit 10/11, comprising4,693 sq ft, at a rent of £60,000 pa. The deal sees the retailer more than doubling the size of its store within the centre, having previously occupied a 1,600-sq ft store.
Yours has taken a new lease on unit 12 comprising 2,227 sq ft on a five-year lease at a rent of £42,500 pa. And Socialites has taken a new five- year lease on unit 36 at an average rent over five years of £27,000 pa.
Card Factory, Bon Marche and Blue Inc have all completed regears extending their commitment to the scheme until 2021 at a rent of £38,750 pa, 2022 at a rent of £77,500 pa, and 2020 at a rent of £62,500 pa respectively.
Fawcett Mead and GVA are letting agents. Savills acted for Yours, Latham High for Socialites and Capa for Bon Marche.