Stephen Kane & Company - Retail - Basildon, South Walk

Date: 10 Aug 1999

Advised by Stephen Kane & Company, the nation-wide bakery related retail chain Greggs Plc, has announced that it is to open a further outlet in Basildon, bringing the total of stores throughout the UK to in excess of 1,080.

A unit at 20 South Walk will be Greggs Plc first store in Basildon, although the chain is seeking further stores in East Walk and Market Pavement. The 98 sq m (1,064 sq ft) unit is located within the bus station and was let to Greggs by landlords London & Cambridge Properties Ltd on a 15 year lease at a rent of £18,500 per annum exclusive.

Commenting on the recent deals Robin Burn, Associate at Stephen Kane & Company said:

'With in excess of 1,080 outlets throughout the country, 350 of which are in London and the South East, Greggs continues it's successful expansion programme at a rapid pace and are interested to talk to many landlords. In particular Central London where they wish to open a number of stores." Stephen Kane & Company is retained by Greggs Plc as a sole property adviser in London, inside the M25 and throughout the South East.

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