Property News - Double deal at Lion Walk mall in Colchester

Isis Property has signed New Look as the latest tenant at its its Lion Walk Shopping Centre at Colchester in Essex.

The fashion retailer has taken a 650 sq m unit in the 19,509 sq m centre, on a 15-year lease at£300,000 a year.

The space has been created following an agreement between the landlord and Boots The Chemist, which is releasing 650 sq m from its 2,975 sq m unit. Under the terms of the deal, Boots will manage the refurbishment of its store into a state-of-the-art 2,320 sq m unit, while at the same time create the New Look outlet.

Boots will begin on site at the end of this month. Completion is scheduled for June.

Isis Property, advised by Gooch Cunliffe Whale, acted for Friends Provident Life Pensions. Dalgleish represented New Look.