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Courtesy of Knight Frank
UK & European Investments acquired the Debenhams department store in Stratford-upon-Avon for £12.6M.
The acquisition (completed after the Brexit outcome of the EU Referendum) adds to UK & European’s existing holding in Stratford-upon-Avon; the department store adjoins Town Square/Bell Court Shopping Centre, which UK & European acquired off-market in 2014.
UK & European is redeveloping the site to bring new retail and leisure space to Stratford-upon-Avon. Bell Court will deliver over 70k SF of shops, restaurants and leisure space, anchored by a four-screen, 12k SF Everyman cinema, opening in mid-2017.
Advised by Knight Frank, the department store is let for a further 18 years, and the lease has fixed minimum uplifts throughout the term.
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