JD and Wilko commit to One Stop

Published:  05 May, 2017

Europa Capital agrees over 30,000 sq ft of lettings at Perry Barr

Europa Capital in partnership with Sovereign Centros has signed a new letting to JD Sports and a lease renewal with Wilko at One Stop shopping centre in Perry Barr, Birmingham. Two further lettings are expected to complete shortly.

JD Sports has signed a 10-year lease on a 5,430-sq ft unit with a tenant-only break at year five. It is understood that the retailer will be introducing a new brand to the store which is being fitted out in time for an opening in July 2017. In addition, Wilko has renewed its existing lease on a 25,000-sq ft unit for a further five years.

Sovereign Centros director Simon Phipps said: “We have exciting plans for One Stop shopping centre, which sits within an area of Birmingham undergoing significant investment. We have spent the last few months talking to retailers about our plans and there are several deals now coming to fruition.”

The Europa Capital and Sovereign Centros partnership acquired One Stop and the adjacent retail park in December 2016. The 380,000-sq ft sq asset is three miles from Birmingham city centre, and sits on a site of 28 acres and was constructed in 1990. Other key retailers include Asda, Marks and Spencer’s, Nike, Argos, Boots, New Look, Arcadia, and Home Bargains.

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