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.

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"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.