Furniture retailer's first small store format to open in Scotland

LaSalle Investment Management has agreed a 15-year lease with DFS Trading on Phase 1 of Springkerse Retail Park, Stirling in Scotland.

The sofa and furniture retailer will be piloting its small store format for the first time in the UK from a 10,020 square feet Unit 6. The store will open in December 2012.

At 300,000 square feet, Springkerse is Stirling’s only retail warehouse location. Phase 1 is anchored by B&Q and Morrisons with other significant occupiers including Currys, Pets at Home and Halfords.

Richard Debney at LaSalle commented: 'We’re delighted to have agreed this long lease with such a significant tenant. It’s a real boost to Springkerse Retail Park that it has been chosen to trial the new small store scheme for the first time in the UK and highlights the park’s strong retail position in Scotland.'

LaSalle was advised by Savills and DFS by BNP Paribas Real Estate.