LONDON (Alliance News) - LXB Retail Properties PLC on Wednesday said has exchanged contracts with Primark for a pre-let of a 53,000 square foot store at the group's Rushden Lakes investment.
Primark is the fourth major pre-letting at Rushden Lakes, according to LXB, which said the other companies in the tenant line-up are Marks & Spencer, House of Fraser and H&M.
"Following these four significant pre-lettings, the group is now very well placed to let the remaining space at competitive rents to the retailers who wish to trade alongside these key anchor tenants," LXB said.
LXB wants to open Rushden Lakes in spring 2017.
"Site remediation works are already in progress and the group is on schedule to appoint the main building contractor towards the end of the year. The aim is to hand over stores to the larger tenant occupiers for fitting out in October 2016," LXB said.
Shares in LXB were down 0.3% just after the open on Wednesday to 83.00 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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