You are here
Home > Region > Harrogate > Lateral Property Group completes forward funding of new-build M&S Simply Food store

Lateral Property Group completes forward funding of new-build M&S Simply Food store

Group announces that it has completed the forward funding of a new build M&S Simply Food store in Reading to a major pension fund for £9.2 million.

Lateral obtained planning permission for the new 15,000 sq ft store in November last year and M&S will be taking a 20 year lease from practical completion. Construction will commence imminently with completion scheduled for the Autumn.

This 1.4 acre site is strategically located on the A4 ( Road) which serves the catchment, situated 1.5 miles east of the town centre.

, joint managing director of Lateral said:

Successfully achieving planning and the forward funding at Reading is another significant achievement for Lateral and strengthens our relationship with M&S in this prime location where they have had a long standing requirement. We look forward to completing the development to allow them to open for Christmas trade.

were advised by Fawcett Mead. Clay Street acted for the fund.

1b M&S
M&S Simply Food store in Reading


 

Related Post

Leave a Reply

Time limit is exhausted. Please reload the CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top