Fosse Park pays high premium

7 May 1999

Landlords Pillar, Schroder Exempt Property Unit Trust and SITQ have paid Dixons £4.75m for its lease so that Gap can take over Dixons’ 936 sq m (10,000 sq ft) store. The premium raised the rent to 25% above Burtons’ previous record of £645/sq m (£60/sq ft).

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