A rent of £1.025 million ($1.45 million) per annum with a sixmonth rent free period has been grantedby Prudential with breakclauses and rent reviews after five and a halfand 10 and a halfyears. Although originally zoned as B1 a B8 user hasbeen grantedfor the specific use of Target. The new site will providethecompany with its second major site in Coventry and willhandledistribution throughout the north of England, Scotland andIreland.

Target has also signed up for 45,000 sf on a 2.2 acre site at3-4Patching Trading Estate at the junction of the M4 and M5 inBristol.Landlord, Coal Pension Properties has refurbished thebuilding as wellas granting a four month rent free at £190,000($268,000) per annum on a 10 year leasewith a review after fiveyears.

George Barrett, director of agency Meyrick in Haywards Heath,WestSussex, which advises Target in its nationwide expansionprogramme,said, 'We are looking for at least five more prime sitesover the next12 months in locations throughout the UK.' GVA Grimleyacted for thelandlord in Coventry and Hartnell Taylor Cook inBristol.