Our Next Development
Posted by Mark on 2nd Dec 2008
We're delighted to announce that we have agreed terms with Next plc, to work with them on redeveloping their existing store in Bury St Edmunds.
In Spring 2009, Next will be relocating into The Arc Shopping Centre and vacating their existing unit fronting onto Cornmarket.
This attactive building was once three smaller units, which Ellandi will reinstate on Next's behalf.
CBRE will be instructed to market the units in the New Year.
As a result of this partnership, Next will get the benefit of Ellandi's development expertise, will not have to sell a unit with vacant possession into what is a very difficult market as well as retaining much of the "developers" profit.
This approach is one that Ellandi will be delighted to roll out with other retailers in the New Year, to help them maximise value from their property holdings.