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| | | | 05/01/2012 | Egi, James Buckley - Next doubles space at Alhambra Centre | | | | | Next doubles space at Alhambra Centre in Barnsley | | | | | F&C REIT Asset Management has agreed a deal to let two shops at The Alhambra Centre in Barnsley, South Yorkshire, to Next.
The deal brings the shopping centre to full occupancy for the first time since it was bought in September.
Next has doubled the size of its existing store by taking the shops on either side to give it a total of 11,590 sq ft. The retailer took a 10-year lease at £175,000 pa.
F&C REIT relocated Shoe Zone, which was previously located adjacent to Next, as part of the deal. It has moved to a shop directly opposite, where it has opened outlets for both Shoe Zone and Stead & Simpson on a new 10-year lease at £65,000 pa.
Joanne Wilkes, head of In Town Retail at F&C REIT, said: "We are delighted that we have reached full occupancy so shortly after acquiring The Alhambra Centre, whilst maintaining a high-quality level of tenant.
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