Social Network

Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

30,000 sq ft Jewson lease renewal at Northampton

Red Kite with the assistance of Tesni Thacker at GVA Grimley have negotiated with Saint Gobin a renewal of their current lease at the Spencer Bridge treade counter retail unit in Northampton.

The property comprises 36,000 sq ft and a new 5 year full repairing and insuring lease has been agreed. The rent has been reduced to reflect the market environment and is now £90,000 p.a., but provides a positive cash flow to the Distribution Warehouse Fund that Red Kite asset manage over this 5 year period.

Yet another difficult deal to do in the current environment and Red Kite Asset Management would like to thank Tesni and GVA Grimley for their hard work in bringing this together.