Month: April 2021

Please see the link below to see what our Andrew Shepherd had to say when the Requirement List interviewed him.

Q&A with Andrew Shepherd, Director at ‘AS Retail’ | The Requirement List

Congratulations to River Island for the long awaited opening of their new 12,000 sq ft flagship store in Lower Precinct, Coventry. With a combination of the former Select and Clarks on the upper gallery close to H&M and Next, the two units have been combined and reconfigured to provide Ground and First Floor trading space offering a full range of Men’s, Ladies and Kid’s clothing.

This letting consolidates Lower Precinct as the prime shopping pitch in the city where other occupiers include H&M, Next, New Look, Pandora, Lush and The Entertainer. The centre totals approximately 225,000 sq ft of space in an attractive covered setting. Lower Precinct had a pre-covid weekly footfall of around 200,000 and the scheme benefits from consistent footfall delivery generated from the 540 space multi-storey car park.

Coventry is City of Culture for 2021 with a number of exciting events planned for the Summer and Autumn this year.

Andrew Shepherd, Director at AS Retail who conducted the negotiations on behalf of the landlord commented “We are absolutely delighted to welcome River Island to Lower Precinct Shopping Centre and to satisfy their long-standing relocation requirement. It has been a superb effort from the teams on both sides of the negotiation to conclude this deal considering the circumstances over the last twelve months and we are confident that the new flagship store will complement the fantastic tenant mix we already boast at Lower Precinct, putting us on the front foot as restrictions ease further over the next few months. We have other opportunities available for retail, catering, leisure or alternative uses ranging from standard shop units to large floor plates so please contact myself or my joint agents, Wright Silverwood and Space, to discuss availability.”

Knight Frank represented River Island in the transaction.

AS Retail are pleased to announce the opening of their client Traid’s new boutique on Walthamstow High Street.

This acquisition provides Traid with their 13^th boutique in London and follows shortly after the opening of their fabulous Lewisham store in Autumn 2020. Traid have taken a 15 year lease with the property being arranged over ground floor only, totalling approximately 2,340 sq ft. It was formerly occupied by Linens Direct and sits opposite Wilko and in close proximity to Sainsburys.  Please see their website for more information on Traid and their activities at www.traid.org.uk.

Andrew Shepherd, Director at AS Retail who conducted the negotiations on behalf of Traid commented “We are delighted to have secured this property after a long negotiation with the deal being concluded during lockdown. It is one of a very few large units on Walthamstow High Street and I’m confident Traid will be an excellent addition to the vibrant retail offering there.”

We are seeking more sites on behalf of our clients in similar London locations of between 2,000 – 3,000 sq ft and therefore please contact Andrew Shepherd or Ellie Oldershaw to discuss anything that might suit.