Glenbrook Investments has secured planning for a new Salvation Army Donation Centre at Springfields Retail Park in Newcastle Under Lyme. This letting completes the tenant line-up and means that the retail park is now fully let following the refurbishment of the vacant unit earlier this year.
The Salvation Army Trading Company Ltd (SATCoL), the trading of the charity is taking unit three, measuring 6,931 sq ft on a 10-year lease with a five-year break at a rent of £13.00 per sq ft. The unit was fully refurbished to offer high quality accommodation including a new fully glazed shopfront. The Salvation Army will join existing tenants, B&M, Food Warehouse, Pets at Home, Halfords, McDonald’s – and a new, soon to open, Greggs drive thru.
Salvation Army Trading Company Limited has been rolling out its donation centres across the UK with now over 40 outlets operating effectively alongside approximately 200 smaller, more traditional, high street charity shops.
Speaking about the success of the Park, Scott Griffiths, Investment Manager at Glenbrook, commented: “Since we purchased Springfields, we have been implementing a comprehensive programme of improvements to enhance the quality and profile of the Park. We’re delighted to now welcome The Salvation Army to complete the strong tenant line-up, particularly because of its contribution to society at large, but also in the local community, where this facility will enable the recycling of furniture and other bulky goods to homes in need, at the same time reducing unnecessary waste.
Martin Way, The Salvation Army, said: “Having these donation centres in retail parks such as Springfields has been hugely beneficial for the charity; these stores are larger than those on the high street to enable us to receive well needed donations of larger household items such as furniture and homeware. The money generated from the sale of all of these items is used to support the Salvation Army’s ongoing mission to help those most in need.”
Petch & Co., Edgerley Simpson Howe and Brabners represented Glenbrook Investments and Norbury Samson represented The Salvation Army.