GCW has helped client CBRE Investment Management secure a flurry of new deals at its Lion Walk Shopping Centre in Colchester. Independent operator Black Sheep Coffee has taken a 15-year lease on a newly created unit close to Primark and JD Sports. US sports merchandise retailer Lids has signed a 5-year lease, whilst phone repair and accessories operator Imobile has also committed to 5 years on space next to The Perfume Shop and EE. On the F&B front, GCW is on the verge of securing a new premium grab-and-go operator to the scheme.
GCW has acted for CBRE IM on the letting of the former Topshop/Topman unit at 33/35 Above Bar Street in Southampton to JD Sports. The retailer is relocating from their existing unit to a new 18,000 sq ft flagship store. They have taken a 10-year lease, with tenant breaks at years 5 and 7, at an initial rent of £320,000 pa exclusive.
GCW is acting for LabTech in letting four key retail units on Camden High Street. The team has agreed a deal with Starbucks which sees the brand sign a 10-year lease at £100,000, with a break at year 5. The deal follows a hattrick of other lettings within the portfolio to restaurant Leon, clinic Therapy and a local supermarket. All units have now been let.
Since Orchard Square’s Sheffield Plate food hall opened in September 2021, GCW has helped client London & Associated Properties create a successful F&B destination. The latest deal sees Proove Pizza agree to open its 4th restaurant in the 125,000 sq ft shopping centre. It is taking SU 18 on a 15-year lease at £56,000 per annum. Bar concept Cheap Dates has also taken the last balcony unit on Orchard Terrace, signing a new 7-year lease at £15,000 per annum.
GAIL’s Bakery has signed a 15-year lease at 22 Market Place, Henley-on- Thames. GCW has secured the letting at a rent of £70,000 pa. The brand opened its first unit in Hampstead in 2005 and now has more than 40 UK outlets.
Charles Tyrwhitt has continued on its growth trajectory with the opening of a new store at Cambridge’s Grand Arcade. GCW was instructed to assist the menswear retailer on its expansion
programme in 2020 by providing support with acquisitions and disposals. The latest 1,250 sq ft unit in the much sought-after university town is a major boost to the brand’s portfolio.
Redevco’s Hanningtons Estate shopping district in Brighton has attracted a host of new occupiers. GCW has enhanced its client’s aspirational pitch by agreeing deals with two prominent retailers. White Stuff is paying £90,000 pa base rent with turnover top up, whilst US leisure brand Lululemon has signed a 5-year lease for a 1,700 sq ft unit formerly occupied by Cath Kidston.
GCW has secured further lettings at Berkeley Capital’s Goodman’s Fields in Aldgate. Boom Battle Bar has taken 8,000 sq ft on a 15-year lease and will open in March within a unit close to the four-screen Curzon cinema. The deal sits alongside recent lettings at the seven-acre mixed use development to Amazon Fresh, Dan Dan Noodles and Kova Patisserie.