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LXB Retail Properties Reports Progress At Rushden Lakes, Truro, Sutton

Thu, 25th Jun 2015 09:38

LONDON (Alliance News) - LXB Retail Properties PLC on Thursday said it has made progress at its Rushden Lakes, Truro and Sutton projects.

LXB said it has now secured a second anchor tenant for the Rushden Lakes development in House of Fraser, the third major letting at the site. It said discussions are in progress with other retailers to take up leases on the other anchor sites at the development.

LXB also said its application for a mixed-use development in Truro has progressed after the National Planning Casework Unit decided against calling in the application for a public inquiry.

The company has also completed the sale of its investment in the residential element of its project in Sutton to Linden Homes, the housebuilding arm of FTSE 250-listed Galliford Try PLC, for GBP12.5 million.

LXB shares were up 0.9% to 88.25 pence on Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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LXB Retail Properties Reports Progress At Rushden Lakes, Truro, Sutton

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