St Modwen Developments Ltd, the development subsidiary of St Modwen Properties PLC, has agreed to let a 3,780 sq m (4,069 sq ft) restaurant to Pizza Hut on Shrub Hill Retail Park in Worcester, which will complete the construction of the first phase of the development.
Pizza Hut is taking a 25- year lease at a rent of £52,000. Construction will commence shortly and the restaurant is planned to open in November.
Wickes, Dreams, Blockbuster, Carphone Warehouse, Tiles R Us, Wilson Pets and Staples are now all trading on the park where only one unit of 929 sq m (10,000 sq ft ) remains available.
Alan Williams of St Modwen, said: “This letting is a significant endorsement of the success of this scheme. Pizza Hut had been interested at an early stage but reserved their position until the new road bridge and other infrastructure could be seen to have changed the local environment. Their commitment now is proof of that change.”
Ramsdens acted for St Modwen. For further information contact Alan Williams of St Modwen on 0121-456-2800.
Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).