Retail Property - Lakeland and Sony commit to Eldon Garden

The Peer Group has completed two more pre-lets at its new five-storey extension of the Eldon Garden Shopping Centre in Newcastle.

The 32,100 sq ft (2,980 sq m) extension is scheduled to open in November and only 13,000 sq ft (1,200 sq m) remains to be let.

Lakeland has agreed to take the entire 8,880 sq ft (825 sq m) first floor of the extension on a 10-year lease. Sony Centre has taken the whole ground floor of the scheme, providing 5,200 sq ft (485 sq m) on a 15-year lease at£104,000 a year exclusive.

Peer Group director Robert Couchman said: 'These two lettings to national multiple retailers demonstrate the high demand for space in this prominent site.'

Churston Heard and Storeys SSP are letting agents and Harmer Ray Hoffbrand advised Lakeland.