We are delighted to welcome our newest team member to AS Retail. Sarah has joined us in January this year as Administration and Marketing Assistant and will support the team by assisting with general inquiries, property research and the marketing of the business.
Sarah has entered our industry coming from a hospitality background and having worked for larger cooperation such as InterContinental Hotels Group PLC, Hyatt Hotels Corporation and Compass Group UK & Ireland Ltd.
Next has signed a new lease at Royal London Asset Management’s 225,000 sq ft Lower Precinct Shopping Centre in Coventry. They occupy a prime two level trading store of approximately 18,000 sq ft close to H&M, New Look, Smiggle and Pandora.
Home Bargains and Pizza Hut have also signed five year leases extending their stay at the centre whilst H&M secured their future to the centre by signing a new lease in 2016.
Home Bargains are the anchor tenant on Sherbourne Arcade which links the heart of Lower Precinct to the Indoor Market and occupy 5,100 sq ft. Pizza Hut occupy 4,000 sq ft on the Lower Mall and have been utilising this branch for the trial of new trading formats.
An Agreement to Lease has also been signed with Poundworld who are relocating to a larger unit within Lower Precinct where four units are being amalgamated to create an 8,000 sq ft unit adjacent to Pizza Hut. Handover for shop fitting is scheduled for January 2018.
AS Retail and Wright Silverwood are the joint leasing agents at Lower Precinct. Next, H&M and Pizza Hut were not represented. Francis & Co acted for Poundworld and Bennett REC represented Home Bargains.
Andrew Shepherd, Director at AS Retail, commented ‘We are delighted to have concluded these strategically important transactions over the past 15 months. The speculation concerning Next potentially relocating to the former BHS store can now be put to rest and we can now focus on moving Lower Precinct forward by building upon the solid foundation created and with the added bonus of Coventry being named City of Culture 2021. Vacancy rates are low but we do have a few new opportunities coming up for retailers and caterers to obtain representation with the centre. Please contact the joint agents to discuss your requirements.’
Acting on behalf of Mountain Warehouse, AS Retail are delighted to have advised on the leasehold acquisition of 198 High Street, Berkhamsted, Hertfordshire from Lloyds Bank Plc.
The property sits in a 100% prime location on the busy and vibrant High Street adjacent to Clinton Cards and Carluccios, close to Boots, Paperchase, Fat Face, Waterstones, Laura Ashley and Carphone Warehouse.
It comprises a ground floor sales area of 1,470 sq ft with first floor sales and ancillary of 1,508 sq ft. It was secured after a competitive bidding situation on a ten year lease.
Rob Jones, Director at AS Retail conducted the negotiations.
Acting on behalf of a major landlord client, AS Retail has successfully negotiated the lease renewals of three Bank properties in Golders Green, London.
New leases have been completed with HSBC, Lloyds and Virgin Money within a prime block on Golders Green Road at the junction with Finchley Road. Two of properties have physical challenges with hard frontages and irregular shapes with the third being complicated by the presence of a sub-tenant. All three banks have taken renewal leases at healthy rentals.
Eleanor Oldershaw at AS Retail who conducted the negotiations commented “I am delighted to have completed these three renewals. They consolidate a higher rental tone in Golders Green Road, and secure the occupation of these strong tenants for a further term.”
Please feel free to contact either Ellie or Andrew Shepherd at AS Retail to discuss any similar properties where advise is required.
Email: [email protected] or [email protected]
AS Retail are thrilled to have been appointed as joint leasing agent at Ortongate Shopping Centre in Peterborough by Reef Estates.
Ortongate is an exciting new neighbourhood shopping centre of circa 225,000 sq ft already boasting a line-up whcih includes Wilko, Food Warehouse, Greggs, Co-op Foodstore and QD Stores with B&M currently fitting out and Anytime Fitness signed for a 2018 opening.
There is a vast amount of housing in the locality plus new developments in the pipeline as well as a school, leisure centre, health centre and offices.
We have a number of opportunities of various sizes for national, local and independent retailers across the use spectrum to gain representation in this improving location. Information on the scheme can be found at www.ortongate.co.uk
A fresh marketing brochure is being prepared but please register your interest with Andrew Shepherd or Claudio Palmiero on 020 7287 2155 or via email at [email protected] / [email protected].
Our feature property is the lovely retail or restaurant unit in lively Rochester (Kent) which is currently in the final stages of construction and will be ready for tenant occupation in January 2018.
It will comprise approx. 2,700 sq ft GIA on the Ground Floor with front patio seating plus the potential for a mezzanine floor of up to 750 sq ft. We are seeking offers in the region of £77,500 pax for the space with the mezzanine installed or rental offers of around £70,000 pax without.
It will be developed out to a shell specification potentially with a concertina style frontage installed.
Full details can be found via the property search.
We’ve been busy over the last few months and have concluded a number of exciting transactions. Highlights include:
Eastbourne – leasing 91 Terminus Road to Hotel Chocolat on behalf of Arcadia.
Coventry – concluding the Agreement to Lease with Poundworld to relocate and upsize to 8,000 sq ft within Lower Precinct Shopping Centre.
Berkhamsted – completing the leasehold acquisition of 198 High Street on behalf of Mountain Warehouse.
Stevenage – completing the letting of 67 Queensway to Barnardos on behalf of Knight Frank Investors.
Romford – completing the leasehold acquisition of Unit 17 The Mercury on behalf of Cards Direct.
Ipswich – completing an Agreement to Lease on behalf of Cards Direct to take a prime unit. Opening 2018.
Windsor – completing the lease renewal of a prime unit on Peascod Street to Robert Dyas on behalf of private clients.
Golders Green – completing two lease renewals of prime units to HSBC and Lloyds Bank on behalf of Church Commissioners.
We have lots of other exciting projects ongoing – more news to follow shortly.
We are delighted to have been solely instructed to dispose of a prime retail property on Broad Street in Reading. The property occupies a fantastic position on the shopping street, sitting amongst a host of exciting national brands.
This instruction is confidential in nature at this stage, but we ask any interested parties to make contact for full info.
To discuss in detail please contact Rob Jones on 020 7287 2155 or [email protected]
We’re delighted to welcome Trespass, Cards Direct and Cow & Pig to The Walnuts Shopping Centre in Orpington.
The scheme is going from strength to strength following the recent addition of The Odeon Cinema and wider leisure quarter plus the investment in the centre by the landlord to improve the aesthetic appearance of the centre, entrances and car park.
For a scheme fly though Click Here. We have a number of immediate opportunities and asset management initiatives for occupiers to gain representation in this vibrant location.
We are delighted to have been instructed alongside GVA on the leasing of Addlestone One: Surrey’s newest retail destination.
Anchored by The Light Cinema, the scheme includes a new Waitrose, Premier Inn Hotel, a gym and approximately 45,000 sq ft of new retail and restaurant space, in a range of configurations.
This exciting development is scheduled to open in early 2018 but we are pre-leading now.
Click here to view our leasing brochure and to discuss opportunities in detail please contact Rob Jones, Andrew Shepherd or Claudio Palmiero on 020 7287 2155.
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