mean Coronation Square is fully let PLUMBWORLD GOES FOR GROWTH AT ASPARAGUS POINT

The Coronation Square shopping parade in Cheltenham is fully let for the first time in more than 10 years after four new tenants signed up for the final retail units.

Eastern European supermarket Biedronki.com, which has shops in Tewkesbury and Gloucester, is to open a 1,556 sq ft store at 4-5 Gresham Court. It has agreed a 15-year lease with LCP, the national commercial property and investment company that manages the parade on behalf of Sheet Anchor Investments (part of the LCP group of companies).

Golden Spa has exchanged contracts for 44 Goldsmith Road, a 408 sq ft unit, and plans to convert it into a health and beauty salon.

An organisation that provides care services to older people has signed a five-year lease for 92 Edinburgh Place.

Rakesh Joshi, senior asset manager at LCP, said: “Since we took over the management of Coronation Square in 2018, we’ve been refurbishing the available units to help attract new tenants and have plans to carry out high level works to the external fabric and structure of the building and yards.

“Now we have a full complement of tenants, local shoppers have a vibrant mix of retailers on their doorstep, from nationally known names to small, independent shops.”

Coronation Square in Hester’s Way includes 30 stores, anchored by Farmfoods, Savers, BHF and Iceland.

Asparagus Point at Vale Park in Evesham is fully occupied following the letting to online bathroom retailer Plumbworld.

Online Home Retail Limited, trading as Plumbworld, has agreed a new 10-year lease on 39,100 sq ft with landlord Hortons’ Estate.

The new unit, close to Plumbworld’s existing base in Enterprise Way, will be used for storage and distribution and enable the company to expand.

Richard Norgrove, Property Director at Hortons’ Estate, said: “Just months after construction of the units at Asparagus Point was completed, we’re extremely pleased the park is fully occupied, justifying our decision to speculatively build the scheme.”

Mark Satterley, Finance and Operations Director at Plumbworld, said: “Moving into Asparagus Point will allow us to handle much more of our product fulfilment in-house, reducing our reliance on our third-party logistics partner.”

Joint agents Fisher German and Harris Lamb advised Hortons’ Estate on the letting. Paul Rabbette acted for Plumbworld.

Blade motor group leases two petrol stations to Ascona

Heritage Automotive, which recently acquired Blade Motor Group, has sold the leasehold interest in two Gloucestershire forecourts to Ascona Group Holdings with the help of Christie & Co, for an undisclosed sum.

One is on the A40 bypass near Longford, next to Blade’s Honda dealership. The other is in Twigworth on the A38 next to a Skoda dealership. The A40 forecourt is supplied by AF Blakemore and Shell. The Twigworth forecourt is supplied by BP.

Heritage leased the forecourts to a third party shortly after acquiring Blade. It now operates 19 car dealerships across the South West.

Owned by Darren Briggs, Ascona Group Holdings has rapidly expanded over the last two years and this acquisition takes it to 18 operational forecourts.

Duncan Morris, Group Property Director, said: “This is just the first of a number of planned multi-site acquisitions expected to be completed in the near future.”

Petrol station at Twigworth