Derwent signs new tenants to Warrington retail park

Derwent Group has announced a series of deals on units at its JunctionNINE Retail Park, formerly Alban Retail Park, following a £9m refurbishment programme.

The £9m investment has seen the park refurbished and extended, leading to around 22,000 sq ft of deals with new tenants in recent months.

Fast food chain Subway, which has secured a 969 sq ft unit 6G on a 10-year lease; specialist bed retailer Dreams has signed up to a 10-year lease on 8,000 sq ft; Nandos is due to exchange this month on 3,500 sq ft on a 20-year term; Starbucks has signed for a 1,850 sq ft unit on a 20-year term; and Pets at Home exchanged last month on an 8,758 sq ft unit on a 10-year lease.

Derwent Group said it is currently in detailed negotiations with a further three retail and leisure brands.

James Maule-Ffinch, senior asset manager at The Derwent Group, said: “The rebrand of Alban Retail Park to JunctionNINE Retail Park, following the latest round of store openings, represents a major milestone in our ongoing development of this important scheme. As part of this investment and transformation we have sought to bring together an exciting and diverse mix of operators to form one major retail and leisure destination for Warrington and its surrounding catchment areas.”

JunctionNINE Retail Park totals 211,000 sq ft of retail space and 963 free car parking spaces.

Joint agents for JunctionNINE Retail Park are CSP and Petch & Co.