Shopping Centre

NewRiver signs Morrisons

Published:  21 May, 2013

NewRiver signs Morrisons to anchor extension at Locks Heath, Fareham

NewRiver Retail has signed a pre-lease agreement with supermarket group Morrisons at its Locks Heath shopping centre in Fareham, Hampshire.
Morrisons has agreed, subject to land acquisitions and securing planning consent, to a 25-year lease on a 71,000 sq ft food store which will anchor a major extension to the shopping centre.
Allan Lockhart, property director at NewRiver said: "NewRiver is delighted to have signed this important agreement with a Morrisons which will anchor the enlarged Locks Heath shopping centre. We are now planning to begin the process of presenting our masterplan for the centre to the local authority. The agreement is a significant endorsement by a leading UK food retailer and marks a positive step forward in the progression of our enhancement plans for the shopping centre.