Retail Property - Hercules Trust agrees 14 new retail park deals

The Hercules Unit Trust, the number one owner/manager of retail parks in the UK, has let more than 110,000 sq ft (10,220 sq m) of space already this year in 14 deals across its 23-strong UK portfolio.

In the biggest deals, Borders and Sports Soccer are taking 13,000 sq ft (1,200 sq m) each at the Silverlink Retail Park in Newcastle at£28 per sq ft (£300 per sq m).

On the Birstall Shopping Park in Leeds, HMV has exchanged on an 8,000 sq ft (745 sq m) unit at a rent of£45 per sq ft (£485per sq m). This is the final letting in phase 3 of the park, after Next relocated into a 16,000 sq ft (1,485 sq m) unit.

ScS has taken a 9,000 sq ft (835 sq m) unit on the Colne Valley park, Watford, for£34 per sq ft (£365 per sq m). On Riviera Way, Torquay, Allied Carpets has taken a 7,000 sq ft(650 sq m) unit.

Andrew Jones, director at Pillar Property, which manages Hercules, said: 'We are seeing good demand for out-of-town accommodation.'