GCW acted for a private landlord to agree a new 10-year lease with contemporary jeweller Astrid & Miyu. The retailer has undertaken a major expansion drive and is paying £45,000 pa for a unit at 17 Market Place in Kingston upon Thames.
Coffee ~1 has opened at 124 High Street in Cheltenham. GCW acted on behalf of the landlord to agree a new 10-year lease at £60,000 pa on a unit opposite John Lewis.
CBRE IM, advised by GCW, has agreed a 15 year lease with fried chicken operator Popeyes for 3 – 4 Market Hill in Cambridge. The new 3,646 sq ft shop opened in February in the former Gap unit with the landlord securing a rent of £180,000 pa.
GCW helped secure a letting to Loungers in Petersfield’s Rams Walk on behalf of East Hampshire District Council. The operator has taken a 3,900 sq ft unit, transforming a former Waterstones store into Clavio Lounge, let on a 15-year lease.
GCW has advised client StoreAway on securing the long leasehold interest, expiring September 2110, on the former 37,000 sq ft Toys R Us unit in Basildon. The unit at Southernhay has been vacant for five years and will be used by residents and businesses for archiving, additional stock room space, furniture, and IT storage.
Blackrock has agreed new lettings at Hempstead Valley Shopping Centre. GCW has helped agree deals with Burger King for a 2,750 sq ft purpose-built drive thru, together with lettings to Greggs and Bakers + Baristas. All three are now open and trading. Specsavers will open a new branch this Summer.
Savers has continued it expansion drive by agreeing a trio of new lettings. GCW advised the retailer on new leases at 56 High Street in Whitstable, Unit 2 67-83 Seven Sisters Road in Holloway, and 23 Heralds Way in South Woodham Ferrer.
GCW acted on behalf of a private individual to let 27F The Quadrant in Richmond to fried chicken operator Popeyes. The deal saw the operator sign a 15-year lease at £150,000 pa in a prime location close to the train station.
Redevco has signed a lease with Sports Direct at 74 – 76 Commercial Road in Bournemouth. GCW helped the landlord let the former 20,000 sq ft H&M store on a 10-year lease. In the same block, the team has also secured a letting at number 68 to HSBC, also on a straight ten year term at a rent of £80,000 pa.
Furniture retailer Loaf has signed a new 10-year lease for a unit of nearly 9,000 sq ft at Straiton Retail Park in Edinburgh. The retailer was advised by GCW and is paying a headline rental of £200,130, with 18 months’ rent free and £133,500 capital contribution.