Ipswich signs up to GCW package

September 2013

GCW has won the business to carry out professional work on Tower Ramparts shopping centre in Ipswich.

GCW’s appointment by LaSalle Investment Management adds to the strong relationship between the two firms and GCW will also advise on a block of property on Ipswich’s Westgate Street where tenants include WH Smith, Office and Clarks.

It brings the number of shopping centres where GCW handles both letting agency and provides professional advice to 14.

“This arrangement works well as we have access to all the detailed evidence on rental activity within the scheme. We are a specialist in the field and will begin immediate negotiations on lease renewals on two units” says GCW director Lisa Manley.

GCW has just agreed terms to bring food retailer, Iceland to Tower Ramparts in a significant deal following the move of River Island to the centre’s flagship store earlier this year.

Iceland takes a 15 year lease on a 9,000 sq ft unit for £135,000 pa. The unit fronts onto Crown Street and Ipswich’s bus station and is part of the former Littlewoods store. LaSalle has sub-divided the store to create three separate units on the lower and upper ground floor and first floor. The Iceland deal is the first letting for one of these three large retail units.