GCW has secured two new tenants for King Edward Court Shopping Centre in Windsor, which is owned by London and Associated Properties Plc.
GCW secured a simultaneous surrender of a lease at 52 King Edward Court and re-let the property to Pret a Manger, for their new Pret Coffee Kitchen concept. Pret a Manger have taken a 1,400 sq ft unit on a 10 year lease at a rent of £87,500pax, with 6 months rent free.
Independent card and gift retailer Temptation Gifts, who were the online gift retailer of the year in 2009 and 2010, have taken a 1,440 sq ft unit on a 10 year lease, with a tenant break at the 5th year, at a rent of £85,000 pax, with 4 months rent free.
Both lettings represent a significant improvement to the tenant mix as part of the strategy implemented by GCW. The lettings equate to a net effective Zone A £115, which reinforces the tone established since early 2008.