Four new deals for Buchanan Street development
Published: 27 January, 2012
Land Securities has secured four more retailers at 185–221 Buchanan Street, a 155,000 sq ft development in Glasgow. The development is scheduled for retail opening in March 2013.
The four new brands, which are securing circa 15,000 sq ft in total, are Fat Face, Skechers, Watches of Switzerland and Office. These retailers join Forever 21, Paperchase and Gap who committed to the development in 2011.
With 14 months to go before the scheduled retail opening, the project is 90.7 per cent pre-let by income. Only one unit remains available on Buchanan Street, the UK’s second busiest shopping street, and two units are available on West Nile Street.
Land Securities Development Director, Nick Davis, said: “These new lettings demonstrate that retailer demand for new, well configured space on Buchanan Street remains strong.
“There have been few development starts in the UK over the last 12 months due to the uncertain economic climate. To be 90.7 per cent pre let at this stage of the project demonstrates the strength of Glasgow, and in particular Buchanan Street as a shopping location.”
The development also includes 49 residential apartments, which are due to be completed in autumn 2013.
DTZ and Culverwell represented Land Securities with the lettings.
