Epsom's Ashley Centre drives up rental values

February 2016

GCW was appointed letting agent for the Ashley Centre in 2015 following its acquisition by CBRE Global Investors. GCW advised on the purchase and assessed that the centre offered an exciting opportunity with potential from pent-up demand from retailers. Although it was fully occupied, there were obvious brands not represented.

Remodelling work and improvements to the tenant mix have prompted a series of deals at the centre. Holland & Barrett has upsized and moved to the former H Samuel and the Signet Group on behalf of its Ernest Jones brand has also made a long-term commitment to the centre taking a new lease. As part of the reconfiguration, New Look is relocating to the old Holland & Barrett store which will be combined with the next door unit to create an 8,000 sq ft store. New Look will be committing to a 10 year lease.

Contact duncan.kite@gcw.co.uk