Pears Group - London, Prelets agreed to anchor Shoreditch development
Date: 22 Feb 2013
Prelets agreed to anchor Shoreditch development
Prelets have been agreed to Sainsbury's and Busaba to anchor thr Avant Garde development on Bethnal Green Road in Shoreditch, E1.
The development is a joint venture between The Pears Group and Telford Homes.
Sainsbury's has agreed a 15-year lease for a 5,000 sq ft Local store and Busaba has agreed a 25 year lease for a 5,500 sq ft restaurant on ground and first floors for their new all day Thai café Naamyaa.
The Avant Garde development includes 13 commercial units totalling 34,500 sq ft of mixed uses that are due to be completed between November 2013 and May 2014. The residential element comprises 360 flats with the majority pre-sold.
Jonathan Rose, Group Managing Director of the Pears Group said: "We are delighted with the interest in Avant Garde and these two pre-lets demonstrate the quality of operator we have been able to attract to our well located scheme."
CWM and Paul Belchak are appointed joint agents for the joint venture partners.
Bethnal Green Road in Shoreditch. Photo by Dr Neil Clifton.