British Land and Tesco announced that they have fully pre-let the new £19 million (approx. €24 million) extension at Clifton Moor Shopping Park in York, increasing the occupancy and value of the park.
The extension provides five new high quality units that enhance the attraction of the park to both retailers and shoppers alike. Planning consent has been obtained and works are on site, the extension is due to open in autumn 2014. In addition to the extension, a new cycle path is to be installed by the City of York Council to link the park with the surrounding residential and leisure provisions, to further aid connectivity along Stirling Road.
Duncan Reader, Asset Manager for British Land, said: “The extension at Clifton Moor Shopping Park is part of our ongoing improvement works across our UK portfolio. We are delighted to have fully pre-let the space and to expand our relationship with a number of well-established operators. The new development enhances the visibility of the park, enables the upgrading of common areas and provides high quality units to meet consumer demand.”
British Land was represented by Wilkinson Williams.
Source: British Land