Acting for Flight Centre BC Retail have secured a deal to up size Flight Centre’s presence on The Quadrant in Richmond. Flight Centre had successfully traded from 38 The Quadrant for 5 years and has now doubled up to take in the adjacent premises previously occupied by EE. A new 10 year lease at a rent of £170,000 per annum exclusive was secured on 38/39 The Quadrant.
Acting for a private investor BC Retail have successfully let 151 Earls Court Road which consists of a ground floor and basement restaurant premises on a new 15 year lease. Substantial interested was generated and ultimately a deal was secured to let the premises to pizza chain Franco Manca at a rent of £90,000 per annum exclusive.
BC Retail, acting for Buccleuch Property, has recently concluded a letting of 3 Market Place in Ely to fashion retailer White Stuff. These retail premises form part of The Cloisters Shopping Centre which is anchored by Waitrose and a 300 space car park.
3 Market Place extends to approx. 4,100 sq ft which are arranged over ground and first floor was let on a 10 year lease at a commencing rental of £52,500 per annum exclusive. This opening will be White Stuffs 100th shop opening and will feature the retailer’s full range of clothing, footwear, accessories and homewares. Further to this the shop’s fixtures and fittings are to include original vintage wallpapers along with locally sourced antique furniture.
Starbucks have also taken a new lease on Unit L in the Cloisters in January 2016. The coffee retailer has taken a 10 year lease on Unit L which has formerly been occupied by Carringtons Café.
The above lettings will see The Cloisters once again return to being fully let.
Acting on behalf of a private investor, BC retail has let 2 The Quadrant in Richmond to the women’s active wear retailer Sweaty Betty who are relocating from their current premises in Richmond. A 10 year lease was secured at a rent of £105,000 per annum exclusive.
Acting on behalf of the Fleet Street Press, BC Retail have successfully acquired 81 Chancery Lane within the new Chichester Rents development on a new 10 year lease at rent of £37,500 with 12 months rent free. BC Retail continue to search for suitable opportunities for Fleet Street Press in London.
Acting on behalf of Pret, BC Retail have successfully acquired 49-51 Bow Lane as an up size from their existing store. The new site totals 8,500 sq ft and was secured on a new 15 year lease at a rent of £250,000 pax. As part of the deal BC also agreed the surrender of the existing store which the Landlord, CBREi, hope to re-let to a menswear fashion operator.
Acting on behalf of Oriana, BC Retail have let 2,082 sq ft of space at 48 Oxford Street to Kiko Milano for their flagship store at a rent of £525,000 per annum exclusive. This will be their first Oxford Street store.
Acting on behalf of the Cocktail Trading Co. BC Retail have successfully acquired Unit 4 Avant Garde on behalf of The Cocktail Trading Co. for what will be their forth bar. A new 15 year lease was agreed at a rent of £50,000 pax with nil premium. BC continue to search for other suitable A4 opportunities in London.
BC Retail have let one of the last two remaining units in the Oriana development to Hawes & Curtis at a rent of £925,000 pax. The store which totals approx. 6,000 sq.ft will be Hawes & Curtis’s first ever shop on Oxford Street.
Acting on behalf of the Oriana partnership, the joint venture between Land Securities and Frogmore, BC Retail have secured a letting of approximately 8,000 sq.ft to Sketchers at a rent of £1.15M pax. The space will be handed over to Sketchers when the development is complete in Summer 2016 and Sketchers will trade alongside a near 200,000 sq.ft Primark store as well as Schuh and two other retailers whose identity will be confirmed very soon.