Shopping Centre

British Land cheques Metro Bank into Orpington

Published:  02 September, 2014

Metro Bank has signed for a 5,300-sq ft unit on a 25-year lease at Nugent shopping park

The bank, which is due to open in November, will be the company's second in Kent and the first in British Land's current portfolio. The deal makes good use of the relaxation in planning policy earlier in the year permitting change of use from retail A1 to A2.

The signing follows recent lettings at the park to Card Factory and pop up restaurant concept Pizza1889.

Edward Cree, senior asset manager for British Land, said: "Metro Bank is an excellent addition to Nugent shopping park's mix and will be a welcome community amenity, providing consumers with a seven day banking facility. The letting is part of our continued focus on creating well managed environments with a broad, convenient and high quality tenant line up."

Nugent shopping park is a 115,000 sq ft purpose-built 22-unit scheme with 363 car park spaces. Occupiers include Debenhams, M&S, Next, Clarks, Hobbycraft, Waterstones, Nando's and Costa.

British Land was represented by Wilkinson Williams.