The Schroders Capital UK Real Estate Fund has signed up Turtle Bay and Wagamama at The Brewery, the prime supermarket-anchored, retail warehouse and leisure scheme in Romford, Essex.
The Brewery is now 98 per cent with these signings, with the Caribbean restaurant and bar chain Turtle Bay set to occupy a 3,773sq ft unit on a 15-year lease, and Wagamama due to fit-out a 3,478sq ft unit also on a 15-year lease.
Tom Woolven, Asset Manager at Schroders Capital, said: “In recent months we have been delighted to announce 120,000 sq ft of new F&B and retail lettings across our portfolio. It is testament to our partnership approach with tenants that gives us a strategic insight into how best to mould our assets to provide the physical real estate modern occupiers need to improve their trading performance and tackle the challenges brought about by the pandemic and online shopping. With affordable rents and near full occupancy, our retail warehouse assets continue to create long-term sustainable income growth and strong returns for SCREF investors.”
