Property News - Out-of-town rent record set by Leather Sofas

Leather Sofas Direct has set a new out-of-town record rent for Stevenage, Hertfordshire. The retailer has agreed to pay£23 per sq ft (£247 per sq m) on a 15-year lease for an 8,000 sq ft (745 sq m) unit at the Roaring Meg Retail Park.

This letting follows the completion last year of a£10 million refurbishment at the retail park, which removed an ice rink and a bowling alley to create 60,000 sq ft (5,575 sq m) of space.

Aberdeen Property Investors, which manages the scheme on behalf of the Regent Retail Parks Partnership, was represented by Harvey Spack Field.