Following the demise of Maplin, we have re-marketed this unit and have now signed agreements for lease with Costa Coffee and Sue Ryder, both on 10 year terms on the basis we split the unit. The combined rent of £131,000 per annum reflects £21.95 per sq ft overall and this is 15% higher than the level previously being paid by Maplin. The park is therefore back up to 100% occupancy and the overall rental level has increased demonstrating that retailers are prepared to pay increased rents for good retail schemes in good locations.
