Land Securities signs Buchanan Street prelets
Published: 12 April, 2011
Land Securities' Buchanan Street project has secured Paperchase and Gap
Shortly after pushing the start button on the the 155,000-sq ft scheme at 185-221 Buchanan Street, Land Securities has secured 68 per cent of income and pre-let 75 per cent by space. With two years before the March 2013 opening, just eight shop and restaurant units currently remain available.
The development is located opposite Buchanan Galleries and will create a new prime pitch on Buchanan Street. Paperchase is to open its first flagship store in Scotland at nearly 17,000 sq ft. Gap will open a 12,000-sq ft store joining Forever 21’s 60,000-sq ft anchor store.
Land Securities managing director for retail, Richard Akers, said: “We’re really pushing ahead on developments and are seeing great momentum with this scheme securing strong lettings, which will crown Buchanan Street. After Trinity Leeds, this is only the second major city centre retail development to go ahead since the downturn. In the next few years there will be very little availability of this type of space and this scheme is already capitalising on it.”
