Property News - HMV grows chain with five stores

HMV has secured five prime sites in the run-up to Christmas, with new stores in Colchester, Newbury, Redditch, Shrewsbury and Winchester.

Its property consultant, Jackson Criss, advised on the deals.

In Colchester, Essex, HMV has signed a new 15-year lease with Isis Property on the 835 sq m former Mothercare unit at 16/17 Culver Walk.

In Newbury, Berkshire, HMV took an assignment of the 1,250 sq m former Mothercare store at 79 Northbrook Street, held on a 35-year lease from 1989. In Redditch, Worcestershire, HMV has agreed a new 15-year lease on the 515 sq m unit 11 Walford Walk in the Kingfisher Centre.

In Shrewsbury, Shropshire, HMV has taken the 615 sq m Unit 10a in Isis Property's Pride Hill Centre on a 15-year lease. And in Winchester, Hampshire, HMV has taken Boots Properties' 500 sq m 18/20 High Street on a 15-year lease.