Altum signs Sharps at Avenue Retail Park in Cardiff

June 2016
Walworth Road, London

Altum Capital has agreed a deal with Sharps Bedrooms at Avenue Retail Park in Cardiff.

Sharps has signed a 10-year lease at £37.50 per sq ft for Unit 6, which comprises a purpose built pod unit adjacent to Greggs. The store will open in August.

Altum acquired the 119,000 sq ft retail park, which fronts Newport Road in November 2015. Tenants include Home Bargains, Homebase, Magnet, Matalan and M&S Simply Food.

Scott Nicol of Altum Capital commented: “This was the only vacant unit at the time we acquired the Park and we feel Sharps are a good fit with the existing high quality tenant mix. Being the dominant retail park scheme on the east of Cardiff we believe we can add further value to the Park and are progressing further asset management initiatives”.

ESH and Fletcher Morgan advised Altum Capital while Sharps Bedrooms were represented internally.

Press Enquiries – Ian Purvis t: +44 (0) 20 7647 4420 e: ian@porterfield.co.uk