« THERE’S LIFE IN THE OLD DOG YET… | Home | SOMERFIELD’S KWIK SALES BOOST BARBERRY GROUP »
BARBERRY GROUP INVEST £4M IN ‘LEICESTER’S EXCITING RETAIL FUTURE’
By Barques | March 31, 2008
Please click on the picture to download the press article (PDF), or click below to view the rest of the story.
West Midlands based developer Barberry Group has purchased a prominent 16,500 sq ft four storey building on Leicester high street citing Leicester’s “exciting retail future” as the reason behind the purchase.
The building currently let by interior design retailer Habitat is located at 40-50 High Street right at the heart of the regeneration taking place within the city centre.
“Barberry Group has identified Leicester as one of the top ten cities in the UK. We are witness to the rapid and positive change in Leicester city centre. The high street is being pedestrianised to increase footfall and a new John Lewis department store is due to open this year within the prestigious Highcross shopping centre, directly opposite the high street. This is very good news and heralds exciting times ahead for Leicester shoppers. Our purchase demonstrates our confidence in the city as a location where retail has a bright future.” Said Jason Jasper, Project Manager for Barberry Developments.
The sale was completed in January 2008 and yielded net 6.07%. Habitat has an option to determine the lease in 2010.
Topics: News, Retail and Leisure |