Bank set to replace River Island on Fargate in Sheffield

River Island on Fargate is set to be replaced by a bank.

By David Walsh

Tuesday, 25 June, 2019, 08:46

Metro Bank has exchanged contracts on a lease for a prominent site in Sheffield.

Metro Bank has bought a 999-year lease from Orchard Square owners London & Associated Properties for £9.5m.

LAP chief executive John Heller said: "This is one of the most prominent units in Sheffield and we are delighted that Metro Bank will be an occupier at the front of our shopping centre.

Sign up to our daily newsletter

"Metro’s arrival gives us added confidence that Orchard Square will continue to be a successful shopping centre even at a time of great upheaval in retail generally."

River Island pays £495,000 a year in rent.