Commercial Property News

Best Buy to move into Merseyside commercial property

Consumer electronics retailer Best Buy is to take up retail commercial property at a site on Merseyside.

London & Stamford Property has signed an agreement with the company, which already has an established presence in the US but is now looking to expand into the UK in a joint venture with Carphone Warehouse.

It will occupy a retail unit at the Racecourse Retail Park, Aintree, which counts Marks & Spencer, Next, B&Q and Boots as its tenants.

"London & Stamford is delighted to welcome Best Buy to Racecourse Retail Park Aintree, further endorsing the solid trading potential of this park," non-executive chairman of the business property group Raymond Mould stated.

He added that the letting will bring another "premium anchor store" to the site, which London & Stamford acquired from a subsidiary of Land Securities in June 2009 for £60.928 million.

The firm's current portfolio also consists of the Meadowhall Shopping Centre in Sheffield, as well as office space in cities including Leeds and London.ADNFCR-2842-ID-19633966-ADNFCR

Wed, 24th Feb 2010

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