Newsteer negotiated the 2024 lease renewal of Tesco Express at 106 Bitton Park Road, Teignmouth, securing continued occupation of a high-performing store.
The client’s challenge
Tesco needed to protect continuity at an established trading location while agreeing appropriate terms for a new lease.
Our solution
Newsteer handled the lease renewal negotiations, using occupational and market knowledge to agree terms for Tesco’s continued occupation.
Beyond advice: how we added value
The advice focused on the operational importance of the store as well as the lease terms, helping ensure the property solution supported continued trading.
Outcomes and impact
A new lease was agreed in 2024, securing Tesco’s ongoing operation from the Teignmouth store.
