Wednesday, 16 June 2021 News
Card factory renew lease in magherafelt
As retailers start to trade out of the Northern Ireland lock down, they are making lease renewal decisions based on informed trading positions in current locations.
One of the first renewals I have carried out is for Card Factory in Meadow lane centre Magherafelt.
This local community shopping centre, while materially affected, has been resilient and trade is building again.
The landlord has adopted a pragmatic approach and agreed to a reduced rental, shorter lease term, incentives and modern pandemic lease provisions that meets current needs.
Let's hope shoppers will return to pre pandemic levels in the centre, over the coming 12 months.