Property News - Sainsbury's Local lease

Sainsbury's has secured another central London site for its Local format, taking 890 sq m on Mortimer Street in west London. Landlord Great Portland Estates took a lease surrender from the previous tenant Kinko and agreed a 20-year lease with Sainsbury's at£195,000 per annum. The deal equates to a Zone A of£67.50. GPE was represented by CWM. Harmer Ray Hoffbrand advised Sainsbury's.