Acting on behalf of West Coast Estates, Knight Frank has completed the record letting of a new unit at Middleton Park in Bridge of Don, Aberdeen.

Unit 7 on the park has been let to Baguette Express on a 10 year lease at a rent of £23,000 per annum - at just over £40 per sq ft the deal represents a record rate for a neighbourhood retail unit in the Granite City.

Eric Shearer, partner at Knight Frank, said: "Since West Coast Estates acquired this parade over two years ago they have breathed new life into the scheme via active asset management, improving the appearance of the shops and changing the mix of tenants. Not only are occupiers benefiting from improved footfall, but the owners have seen rents improve significantly - as evidenced by this recent letting."

Iftikar Mian, director at West Coast Estates, said: "Middleton Park, situated in one of Aberdeen's most densely populated suburbs, is located adjacent to an Asda store and within minutes of Oldmachar Academy. Whilst the retail market is having a very difficult time it is clear that the right product, in the right location will continue to let.

"We have found that neighbourhood retail centres regularly change in their make-up from year to year and we are constantly reviewing what works best for our tenants."