Schroders Capital UK Real Estate Fund (SCREF) has announced that it has completed 121,000sq ft of new lettings across its portfolio of retail warehousing assets in the East of England – with deals signed in Essex, Kent, East London, and Norfolk.
The lettings, which take SCREF’s total retail warehouse and leisure portfolio to 93 per cent let by ERV, were agreed at the fund’s retail parks in Chatham, Norwich, Colchester, Chelmsford, and Romford. With all of the deals being committed on 10- or 15-year terms, the news highlights the expertise of Schroders Capital team in this area to continue to cater to the demand for retail warehousing units from convenience and leisure-led occupiers.
At the popular Chatham Waterside in Kent, SCREF has signed fast-growing dessert chain Kaspas and global coffee shop operator Costa on 10-year leases. Kaspas will occupy a 1,650sq ft unit, while Costa will move into a 1,450sq ft unit with both set to open in the next month.
The arrival of Kaspas and Costa follows the recent openings of KFC, Gymfinity Kids and Ninja Warrior UK at Chatham Waterside. The leisure scheme also includes Odeon Cinema and Pure Gym, as well as well-known restaurant operators such as Nandos, Subway and Pizza Hut. This recent run of new lettings means that only one unit remains available at the 123,000sq ft site.
