RELETTING AT THE LODDON CENTRE
BDT are able to announce the reletting of Unit I on The Loddon Centre in Wade Road, to Edge Nails Ltd.
The Tenant has agreed a new 10 year lease term with a 5th year break option, at a headline rent of £8.25 per sq ft. A rent free period was agreed, but mainly funded by the outgoing tenant, Videlio Media, who surrendered their lease on the unit by way of a simultaneous transaction.
BDT oversaw the 3-way deal on behalf of clients of Colliers Capital, specialist Fund Managers in London. In the process, separate transactions were agreed with the advising agents for Edge Nails and Videlio Media. The deal allowed the Fund to increase the overall capital value on the estate, whilst Videlio achieved their objective of an early lease surrender, and Edge Nails have safeguarded their immediate future in the town, moving from the nearby Kingsland Business Park.
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Contact for further information:
Richard Thomas
Baker Davidson Thomas
E-mail: richard.thomas@bdt.uk.com
Telephone: 01256 840 777
6th August 2019
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