Online mattress retailer Mattressman has expanded its physical portfolio with the acquisition of three new stores.
Represented by international real estate advisor Savills, Mattressman has acquired three outlets in Coventry, Kent and the Isle of Wight, bringing its total store estate to 21.
Mattressman has secured 10-year leases on the property’s, which include a 5,500sq ft unit at The Link Retail Park in Thanet, Kent, a 4,976sq ft unit at Gallagher Retail Park, Coventry and a 3,280sq ft unit at Towngate Retail Park in Newport, Isle of Wight.
Matt McCue, out of town retail director at Savills, comments: “Mattressman is a great example of a retailer successfully operating across the online and physical worlds and we are pleased to be supporting its ongoing expansion.
“A number of deals have been agreed with major institutional landlords which is testament to the fact that the brand is now an accepted covenant.”
In Coventry, the landlord Savills IM was represented by Harvey Spack Field, while BNP Paribas Real Estate acted for the landlord Standard Life Investments in Thanet. In the Isle of Wight, the landlord LMB Overseas Investment Limited was represented by CBRE.