LaSalle Investment Management has announced it has completed a new 15-year lease with Hobbycraft for a retail unit at Queensgate Centre, Edinburgh Way, Harlow, for £224,505 (EUR 261,284) per annum, on behalf of one of its pension fund clients.
LaSalle Investment Management has announced it has completed a new 15-year lease with Hobbycraft for a retail unit at Queensgate Centre, Edinburgh Way, Harlow, for £224,505 (EUR 261,284) per annum, on behalf of one of its pension fund clients.
LaSalle purchased the property for the pension fund in March of this year. Jones Lang LaSalle is joint letting agent with LaSalle.
Unit 5 is comprised of 927 m2 and was previously let to Land of Leather. Other tenants on the retail warehouse park include Toys R Us, Currys, PC World, Laura Ashley, Mothercare, Cineworld, Sports Soccer, Homebase (t/a Home Store & More), Brantano and SCS.
LaSalle was advised by Wilkinson Williams on the transaction.
