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TH Real Estate welcomes new tenants to Craigleith Shopping Park

Craigleith retail park

TH Real Estate has secured three new tenants to Craigleith Shopping Park, Edinburgh, including Homestore & More’s first UK store.

Homestore & More, Ireland’s leading independent homeware store, has agreed to pay £27.50 per sq ft (£296 per sq m) on a 15-year lease across 18,340 sq ft (1,703 sq m), and is the latest in a number of significant lettings at the scheme.

In addition, Card Factory and Starbucks have both agreed new 10-year leases on 1,970 sq ft (183 sq m) units, paying £40 per sq ft (£431 per sq m), while Toys R Us has committed to a 12,000 sq ft (1,115 sq m) store which will open to the public from Autumn 2017.

Mark Cruddas, Senior Portfolio and Investment Manager at TH Real Estate, comments: "We have recently undertaken a refurbishment programme, investing significantly in the repositioning of the park. These new lettings, especially Homestore & More’s first UK store, will help to breathe new life into the park, delivering an enhanced retail experience for our customers."

Mike Spens, Director in the retail team at Savills Scotland, added: "We are extremely pleased to announce these latest lettings at Craigleith, including Homestore & More’s first UK store, which together further enrich the already strong retail offer on the park." 

Craigleith comprises 182,180 sq ft (16,925 sq m) of prime retail space, in an affluent North Edinburgh catchment area. Existing tenants at the scheme include M&S, TK Maxx, Boots and Homebase, with Currys relocating to a new Dixsons Carphone.

Homestore & More were advised by CBRE, Card Factory were advised by HAS Retail, Starbucks by Eric Young & Co, and Mason & Partners represented Toys R Us. 

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. COMP201700577

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