Property News - Next and Sports Soccer bag Newbury retail park deals

Isis Property has agreed two new lettings at the Newbury Retail Park in Berkshire. Next has taken the 10,000 sq ft (930 sq m) Unit 3 and Sports Soccer has signed up for the 745 sq m (8,000 sq ft) Unit 2, both on 15-year leases.

The Newbury Retail Park comprises 129,875 sq ft (12,065 sq m) of open A1 non-food retail warehousing, and produces an annual rent of more than£2.25 million. Tenants include Mothercare, Boots, Homebase, JJB Sports, Pizza Hut, Carpetright and McDonalds.

Isis Property has agreed to extend the park by 25 per cent following the acquisition of an adjoining 2-acre (0.9 ha) site. The extension will provide a further 38,500 sq ft (3,575 sq m) of open A1 non-food retail space.

Isis was advised by Knight Frank. Cushman & Wakefield Healey & Baker represented Sports Soccer.