Vacancy has caused decline in shopping centre sales
The prayers of independent retailers have been answered in a south London suburb - by Sainsbury's. The supermarket giant has taken over the tenancy of the 42,000 sq ft (3,900 sq m) site in Upper Norwood, south London, which was vacated by Morrisons last November.
Retailers at the Norwood Heights shopping centre have complained that the vacant store has caused a sharp decline in sales in neighbouring shops.
Legal and General, which owns the shopping centre, said that it had been in 'active discussions with a number of potential occupiers' before it agreed terms with Sainsbury's.
The store is due to open this summer. The lease is for 25 years at a rent of£20 per sq foot.
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