Three vacant units in Hull have been let to two new tenants for a total of £262,736 a year by Edinburgh-based Ediston Property Investment Company.
Iceland Foods has signed a 10-year lease, without break, on two units at Kingston Retail Park with a total of 13,672 sq ft, trading as a 'Food Warehouse'.
B&M deal boosts Edinburgh firm Ediston Property at Barnsley retail park
Sue Ryder has signed a 10-year lease with a five-year tenant break option on a 5,196 sq ft unit.
It follows the letting to B&M last year, which increased its representation on the park from 10,271 sq. ft. to 24,225 sq ft. The retail park was acquired in December 2017.
Ediston, launched in October 2014, is a UK real estate investment trust (REIT) listed on the London Stock Exchange. It owns 17 properties with a value of £332 million.
Edinburgh firm Ediston secures £274,000 a year rent deal at two shop units
Calum Bruce, Director of Investment, said: "Whilst fully accepting the challenging conditions for retail generally, the leasing transactions announced by the Company thus far in 2019 in Sunderland, Barnsley, Prestatyn and now Hull show that well located retail parks, let off sensible rental levels, continue to be attractive to retailers with propositions relevant to the needs of their customers."
