Foxtons signs new 15-year straight term in Stratford

Local Retail Fund has completed a lease renewal with Foxtons in Stratford, east London, for a straight 15-year period with five-yearly open market rent reviews.

The 3,395 sq ft ground floor unit in The Grove forms part of a busy retail parade and is adjacent to a Morrisons supermarket.

Madeline O’Driscoll, asset manager at Waypoint, commented: “Renewing Foxtons’ lease on a new 15-year unbroken term is a great result for both parties and is indicative of Foxtons’ commitment to this thriving east London market.”

Waypoint Asset Management acted for Local Retail Fund.

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