Costa have opened a new drive thru on Bexwell Road, Downham Market.

The new Costa is next to a recently opened McDonalds drive thru and just off the A10, so easily accessible to drivers travelling along the A10 between Cambridge and Ely, and Kings Lynn.

The Costa was developed by Life Property.

MP Real Estate acted for Aldi Ltd.

Aldi have submitted a planning application to relocate their existing discount food store in Diss to a new, purpose-built store along Park Road.

Aldi has been at their current store on Mere Street since 2014, but it no longer meets Aldi’s requirements, nor provides a modern shopping experience for their customers.

The application includes the demolition of existing buildings at the disused former Norfolk Feathers site factory in Park Road, and will include the construction of a new retail store of circa 20,000 sq ft with 119 car parking spaces, including 7 accessible, 10 family, 17 staff and 4 electric vehicle charging spaces.

A planning application has been submitted to South Norfolk District Council. If approved, the new store could be open as early as 2024.

MP Real Estate acted for Aldi.

Joseph King Holdings Limited, acting on behalf of Joseph King Properties Limited, has acquired the freehold interest in 12-14 Market Street, Sudbury, Suffolk.

The prominent retail unit occupies a prime position on Market Street, fronting Market Hill, adjacent to national retailers that include Costa, Spec Savers, Clarks, and Savers.

Let to Boots UK Limited on a new 10 year full repairing and insuring lease, subject to an upwards only rent review in the 5th year, the unit provides an income of £47,750 per annum.

The acquisition forms part of a strategy to recycle capital from recent property sales into assets offering secure fundamentals and let on rebased retail rents.

MP Real Estate acted for Joseph King Holdings Limited and Allsop advised the vendor.

Co Op have taken a new lease on unit 1, Jubilee Square Local Centre, Marleigh, Cambridge.

The unit measures 4,208 sq ft and is scheduled to open towards the end of 2023.

Marleigh is the new neighbourhood in Cambridge East under development by Hill Marshall LLP. Upon completion it will provide around 1,300 homes. The 420-place Marleigh Primary Academy opened in September 2022 and Monkey Puzzle Day Nursery opened in November 2022. Other retail and café units will open in 2023.

MP Real Estate acted for Hill Marshall LLP.

Sector Three acted for Co Op.

Monkey Puzzle Day Nurseries Ltd, have opened in the Jubilee Square Local Centre, Marleigh, Cambridge.

Marleigh is the new neighbourhood in Cambridge East under development by Hill Marshall LLP. Upon completion it will provide around 1,300 homes. The 420-place primary school opened in September 2022 and other retail and café units will open in 2023.

Monkey Puzzle took a new lease on unit 4 providing 3,254 sq ft with a rear play area of 2,435 sq ft.

MP Real Estate acted for Hill Marshall LLP.

De Villiers acted for Monkey Puzzle.

Orchard Street Investment Management, investment manager of Cambridge Commercial Park, Cowley Road, Cambridge, has achieved rents of £13.00 per sq ft on the estate, as the growth in the city's industrial rents shows little sign of slowing.

A lease renewal on units 8 & 9 Cowley Road to Rexel UK Limited and a rent review with Scintacor Limited on unit 4B saw a significant uplift in rents, reaching £13.00 per sq ft.

The estate is well located to serve the city and is surrounded by the proposed developments at Cambridge North, St John's Innovation Park, Cambridge Business Park and North East Cambridge (Anglian Water/Cambridge City Council).

MP Real Estate acquired Cambridge Commercial Park on behalf of institutional clients of Orchard Street Investment Management in 2014 and has continued to act on their behalf in an asset management capacity.

A new Costa drive thru has opened on the Forest Retail Park in Thetford.

Located on London Road and just off the A11, Forest Retail Park provides units for B&Q, Currys, Carpetright, Sports Direct and McDonalds and is next to a Sainsburys. In addition to the new Costa drive thru, KFC have also recently opened a drive thru.

MP Real Estate acted for Acca Ltd (t/a Costa)

Roche acted for the owner, Thetford Estate Company.

West Suffolk Council's planning department have approved plans for a new Costa drive through to be built within the Studlands Retail Park in Newmarket.

The retail park currently houses tenants including Homebase, Halfords, Carpetright, The Food Warehouse and Pets at Home and is owned by Hobart. The new Costa is to be built in the corner of the car park opposite Homebase, fronting Fordham Road (A142).

MP Real Estate acted for Costa Ltd.

Edgerley Simpson Howe acted for the owner, Hobart Activium (Newmarket) Ltd.

Aldi have been granted planning permission for a new store on the ‘One-O-One Field’ site fronting Ampthill Road, Flitwick, Bedfordshire.

The 2.3 acre greenfield, greenbelt site, in an out-of-town location, raised a range of complex planning policy challenges which resulted in it becoming the first consent of this kind in the UK.

The new store will be around 20,500 sq ft with circa 147 customer car parking spaces. Construction will begin in 2023 with the store scheduled to open in late 20232024.

MP Real Estate acted for Aldi Ltd.

Poundstretcher have opened on the Gateway Retail Park in Pakefield, Lowestoft.

The 10,000 sq ft unit is located next to The Range and The Gym with other occupiers on the park including Aldi, Card Factory, Costa, Greggs and Subway.

MP Real Estate acted jointly with Stockford Anderson on behalf of the Landlord, Metropolitan Properties (Investment) Ltd.

Joseph King Holdings Limited, acting on behalf of Joseph King Properties Limited (the “Vendor”), has completed the sale of the freehold interest in Rosebery Court, St Andrews Business Park, Norwich (the “Property”) to funds managed by Equitix Investment Management Limited (“Equitix” or the “Purchaser”).

Rosebery Court is located at the heart of St Andrews Business Park, Norwich and provides 68,300 sq ft of modern office accommodation over three floors, together with 306 car parking spaces.

The principal tenant is The Secretary of State for Housing, Communities and Local Government who occupy the ground and second floors of the property under a 10-year lease due to expire in June 2029. The current leases in respect of the property benefit from a WAULT of 7.2 years to expiries and 3.2 years to breaks.

The vendor was represented by MP Real Estate and the purchaser by Cooke & Arkwright (“C&A”).

Aldi have bought a 2 acre site within the Longwater Business Park at Costessey, Norwich.

The site sits just off the A47 within an established retail area, opposite Sainsbury's, next to the Next superstore and close to the Longwater Retail Park.

Aldi secured planning permission in 2021 and will be commencing construction later this year.

MP Real Estate acted for Aldi.

Gregory Moore Property acted for the vendor, Citygate Developments.