M&S Foodhall to anchor new out of town retail development in Ripon, Yorkshire

28 July 2017

Peveril Securities, in a joint venture with Rothstone Estates and represented by Savills, has secured M&S Foodhall as the anchor for Rotary Way, a new out of town retail development in Ripon, North Yorkshire. Pets at Home will also open a store, with both lettings confirmed after planning consent for the scheme was granted this week.

M&S Foodhall has agreed a new 20-year lease for a 11,000 sq ft (1,022 sq m) unit at an annual rent of £220,000, while Pets at Home has taken a 15-year lease on a 5,000 sq ft (465 sq m) store at £87,500 per annum. A third unit of 6,000 sq ft is under offer to a major national retailer leaving only 3,000 sq ft remaining available.

The Rotary Way development is being managed by Rothstone, with completion due in 2018. It is located on the A61 Ripon Bypass and will total 25,000 sq ft (2,685 sq m) of new ground floor retail space plus mezzanines and parking for 150 vehicles.

Charlie Greenhalgh, out of town retail director at Savills, comments: “We are pleased to have secured these lettings to M&S Foodhall and Pets at Home, providing strong anchors to the retail line up at Rotary Way, and, with planning permission now secured, we look forward to announcing further deals in due course.”

Savills is joint letting agent with Cheetham & Mortimer. M&S was represented by Cheetham & Mortimer and Pets at Home was represented by CWM.

 
 

General Enquiries

Savills Margaret Street

 

Key Contacts

Charles Greenhalgh

Charles Greenhalgh

Director
Out of Town Retail

Savills Manchester

+44 (0) 161 277 7213

 

Ashley McKeown

Ashley McKeown

Associate
Press Office

Savills Margaret Street

+44 (0) 20 7409 8884