CHELTENHAM SHOPPING PARADE FULLY LET

A community shopping parade in Cheltenham is fully let again after signing up two new tenants.

A takeaway and a pet shop have agreed leases at Coronation Square, in Edinburgh Place, with LCP, the national commercial property and investment company that manages the parade on behalf of Sheet Anchor Investments Ltd.

Gloucester Birds R Us & Furries has relocated to 2-3 Gresham Court from its former home in Barton Street, Gloucester, as it looks to expand the business. It has signed a six-year lease for the 1,556 sq ft unit.

Peri Peri Hut, a takeaway that specialises in fried chicken, wraps, burgers and salads, has taken a 10-year lease at 72, Edinburgh Place.

LCP acquired the parade and took over its management in 2018, since which time it has invested in refurbishments of the retail units and have carried out additional works, including repairs to the exterior structure, resurfacing of Tarmac areas in the rear service yards and building bin stores to improve refuse collection.

Rakesh Joshi, associate director (convenience parades) at LCP, said: “Coronation Square is a busy parade and it’s good for the local community to have such a great mix of tenants on their doorstep and especially to see a new retailer and an expanding business choose the square.”

Coronation Square is located three miles west of Cheltenham town centre and comprises 30 stores, anchored by Farmfoods, Savers, BHF and Iceland. A large car park to the rear, owned by the local authority, can accommodate up to 100 vehicles.