On behalf of DTZ Investors, MMX Retail separately acquired two buildings on the Northgate Quarter in Oxford.
The property comprises ground floor retail units spanning 50,000 sq ft, let to Schuh, Sainsburys, Tesco, Cosmo, and at the time a Debenhams department store occupying 120,000 sq ft above.
Following the purchase, MMX was retained as sole advisors on this asset and was successful in driving the rental tone forward and improving the unexpired lease profile, through both rent reviews on the Tescos and Sainsburys, together with new lettings to the likes of Wendy's, Tiger and Turtle Bay.
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