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Agreement for lease signed with Natuzzi for a new unit at Colne Valley Retail Park, Watford

Agreement for lease signed with Natuzzi for a new unit at Colne Valley Retail Park, Watford

An agreement for lease has been signed with Natuzzi to take a 10 year lease on a new 7,800 sq ft unit. Construction is due to finish in December 2017 with a lease commencement after practical completion. Planning consent for the new unit was obtained in 2015 but work on site only began in June 2017 following completion of the pre-letting. The programme of works has been accelerated to enable Natuzzi to be open for trade by Boxing Day 2017.

Natuzzi is one of Italy’s most established furniture brands, with a particular focus on sofas. The company was founded in 1959 and is listed on the NYSE, in 2015 total revenue was €490m.