lettings
Published: 18 February, 2008
== ? Bolton ==
Invista Real Estate has let the 1,980-sq ft Unit 5B, Victoria Plaza, Oxford Street on a new 15-year lease with a break option in year 10. A rent of £90,000 pax was agreed. Reid Rose Gregory was letting agent and Legat Owen represented the tenant.
== ? CARLISLE ==
Hawkin's Bazaar has acquired Unit 4 (7 Globe Lane) in The Lanes shopping centre, providing 1,148 sq ft of ground floor sales with basement storage, by way of a new 10-year lease with a tenant-only option to break at the expiration of year six. The initial rent is £89,000 pax. Williams Gunter Hardwick represented Hawkin's Bazaar, and the landlord, CGU Life Assurance, was represented by Strutt & Parker.
== ? CAMARTHEN ==
Poundland has taken an assignment of Unit 3, Greyfriars shopping centre, from Ethel Austin. The unit was held upon a 15-year lease from December 1998 at £127,000 pa. The property provides 4,784 sq ft of ground floor sales space and 1,892 sq ft of storage space. Poundland was represented by Jones Retail and the landlord, Zurich Assurance, was represented by Mason Owen.
== ? Corby ==
Angel Recruitment has agreed a new five- year lease on 15 Corporation Street, providing 641 sq ft of ground floor sales space and 168 sq ft of ground floor storage. A rent of £27,500 pax was agreed. Rowley Hughes Thompson was letting agent on behalf of Land Securities.
== ? Edinburgh ==
T-Mobile has taken a new lease on Unit 51 at the Gyle shopping centre. The unit comprises 1,320 sq ft of ground floor sales space and has been let for 15 years at a rental of £170,000 pax. The Gyle Shopping Centre General Partner was represented by Cushman & Wakefield and T-Mobile was represented by Eric Young & Co.
== ? EDINBURGH ==
Poundland has taken a new 10-year lease at 71/73 St James' shopping centre, from CPP (Pearl) Property Trust. The commencing rent was £178,000 pa. The property provides 10,347 sq ft of ground floor sales space and 5,324 sq ft of storage space. CPP (Pearl) Property Trust was represented by Culverwell.
== ? INVERNESS ==
Poundland has taken an assignment of Unit 4/5 at 14/20 Eastgate, from Index. The unit property provides 3,809 sq ft of ground floor sales space and 6,849 sq ft of storage space and was held on a lease expiring December 2013 at £220,600 pa. Index was represented by Culverwell.
== ? KIRKCALDY ==
Poundland has taken a new 10-year lease at Unit 32-34, Mercat Centre, from Mercat Kirkcaldy. The commencing rent was £115,000 pa. The property provides 4,200 sq ft of ground floor and 2,000 sq ft of storage space. Poundland was represented by Culverwell and Mercat Kirkcaldy was represented by CB Richard Ellis.
== ? LEEDS ==
Gamestation has acquired Units 43/44, Crossgates shopping centre, providing 1,866 sq ft of sales space plus basement storage, by way of an assignment of an existing 15-year lease expiring in March 2014. The current rent is £73,400 pax. Williams Gunter Hardwick represented Gamestation and the assignor, Poundworld, was represented by Francis & Co.
== ? Norwich ==
The Mall has let the 1,050-sq ft Unit LU37 at The Mall shopping centre to mobile phone retailer T-Mobile on a 10-year lease at £99,000 pa. Lambert Smith Hampton represented T-Mobile and The Mall was advised by Churston Heard.
== ? PRESTON ==
Royal London Asset Management has pre-let Unit 7 at Capitol Retail Park to Tesco Homeplus. The retailer has agreed a new 15-year lease on a unit that will total 35,000 sq ft, with a full-cover mezzanine level. Tesco Homeplus will pay an annual rent of £682,500 pa, equating to £19.50 per sq ft. Tesco Home Plus was advised by Beaumont Woolf & Co. RLAM was advised by Savills and Colliers CRE.
== ? Stratford-Upon-Avon ==
C&J Clark has taken a 10-year lease on the 5,116-sq ft Unit I2 in the Maybird Centre at £166,270 pa, equating to £32.50 per sq ft. The lessor, Hermes Property Unit Trust, was represented by Wilkinson Williams and CBRE, while Green & Partners represented the tenant.
== ? Rotherham ==
Comet has taken 20,350 sq ft at Unit 1a, Parkgate Shopping, on a new 15-year lease at £529,100 pa, equating to £26.00 per sq ft. Wilkinson Williams, Morgan Williams and Harvey Spack Field are letting agents on behalf of British Land's Hercules Unit Trust and Stephen Smart & Co advised the tenant.
== ? Warrington ==
Reed Employment has taken a new 10-year lease on the 2,112-sq ft Unit 1, Time Square, at £36,500 pa. Cheetham & Mortimer was letting agent on behalf of Big Apple. Legat Owen advised the tenant.
== ? Borehamwood ==
British Land's Hercules Unit Trust has let Unit 1b2 on the Borehamwood shopping park to New Look on a new 15-year lease. A rent of £327,500 pa has been agreed for the 10,000-sq ft unit. Wilkinson Williams and Harvey Spack Field were letting agents and CBRE represented the tenant.
== ? FOLKESTONE ==
Poundland has taken a new 10-year lease at Unit RU15, Bouverie Place shopping centre, Folkestone, from Warner Estate. The commencing rent was £125,000 pa. The property has a 5,165-sq ft ground floor and 1,450 sq ft of storage space. Poundland was represented by Capital Retail and Warner Estate was represented by Green & Partners.
== ? Glasgow ==
T-Mobile has taken a new lease on Unit 31A, Silverburn shopping centre, from Retail Property Holdings. The unit comprises a net internal area of 1,517 sq ft and has been let for 15 years at a rental of £175,000 pa. Retail Property Holdings was represented by CBRE. T-Mobile was represented by Eric Young & Co.
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=== Inditex launches Pull and Bear at Liverpool One ===
Spanish fashion and homeware retailer Inditex has chosen Grosvenor's £950m Liverpool One project as the first UK location for its youth fashion brand, Pull and Bear.
Pull & Bear is the fifth Inditex brand to enter the UK, joining Zara, Zara Home, Massimo Dutti and Bershka. But the company has three more brands - Stradivarious, Oysho and Kiddy's Class, that are not yet represented.
At Liverpool One Inditex is taking more than 30,000-sq ft of space. It will move its existing Zara offer from Church Street to the last remaining MSU on the new scheme's South John Street. The new, 20,029-sq ft store will trade on two levels close to the new John Lewis store.
Pull and Bear will occupy a 6,824-sq ft unit on the upper level of South John Street. And Zara Home will take a new, 3,820 sq ft unit alongside Zara at the lower level.
South John Street is Liverpool One's high street fashion-focused district. Other brands already signed include Republic, Oasis, Warehouse, Jane Norman, Body Shop and Esprit. John Lewis and Debenhams anchor the district.
