Luxury Leisure completes line-up at Walsall scheme
Luxury Leisure has signed a lease with Real Estate Investors (REI) agreeing to join a Walsall scheme and completing the line-up at the site.
The gaming and slots provider has agreed to open in a 9,500 sq ft unit at 9-11 Park Street on a ten-year lease.
The agreement is one of three recently secured by REI at the scheme, with leases also signed at 86 and 87 Bradford Street.
Santander renewed its lease in December for a further five years, meaning the scheme is now fully let for the first time since REI’s purchase in November 2017.
Jack Sears, asset manager at REI, said: “This deal was a long time in the making, since July 2021. It was subject to us obtaining vacant possession from the previous occupier and Luxury Leisure being granted the necessary licences from the local authority.
“We are delighted to have agreed these three deals, and signed a new lease with Santander, given that retailing is Walsall at present and this really breathes some life into the local high street marketplace.
“It also highlights the benefits of a well situated scheme at the prominent end of Park Street and Bradford Street.”
Scott Robinson at Creative Retail advised REI on the deal, with Donna Barnes at SHMA providing legal counsel.