AS Retail: Latest Opportunities and Requirements
Article by Andrew Shepherd, Director of AS Retail.
Salisbury – Old George Mall
AS Retail, the London based boutique retail and leisure agency, have recently been appointed by RailPen as joint leasing agents at Old George Mall in Salisbury.
Old George Mall is the dominant retailing pitch in the city. It has recently welcomed a 30,000 sq ft Primark in the former BHS which has boosted footfall by nearly 20% year on year. Other occupiers in the scheme include Marks & Spencer, H&M, Fat Face, Deichmann Shoes and WH Smith amongst others with the food offering being Pret, Costa, Greggs and independent venue Hixon.
Andrew Shepherd, Director at AS Retail commented “We are delighted to have been appointed by Railpen, who we have previously been instructed by on other projects, at Old George Mall to work alongside Time Retail Partners. We aim to build upon the platform created in order to achieve a vibrant and thriving retail centre.”
There are a number of opportunities from 500 – 3,000 sq ft for retailers and catering brands to join the exciting line up. Please contact either Andrew or Kathryn at AS Retail or our joint agents Time Retail to discuss availability.
Jetts Gyms Expansion
AS Retail are retained by Australian health and fitness brand Jetts Fitness to continue their exciting UK expansion.
Jetts are one of the world leaders in the sector with an affordable premium offering, hitting a real USP. Jetts now have 16 superb clubs in England with a further three in the immediate pipeline and a number of others coming on stream later this year and into 2025. The latest opening in Leeds (Rothwell) was in a former B&M store on Rothwell High Street totalling approx. 8,000 sq ft over two levels. Clubs in Central Manchester, Stratford (East London) and Farnham (Surrey) will be opening in the Summer/Autumn.
We have active requirements for excellent spaces of between 4,500 – 12,000 sq ft across the UK with priority locations being London, Greater London, South East England, M4 Corridor (Bristol to London), M3 Corridor (Southampton to London), South Coast, Leeds/West Yorkshire and East Lancashire. Other areas can be considered particularly around the existing network which includes the South West, West Midlands and North West.
Andrew Shepherd at AS Retail who is leading on the search noted “We have worked with Jetts over a numbers of years advising on twelve of the clubs thus far acquired. We prefer good demographic areas to capitalise on the premium nature of the offering and can be quite creative in the type of property we use – from large in-town retail units, out of town retail or showroom spaces, former restaurants, roadside commercial with parking, new build under residential developments, industrial or trade counter spaces or even offices! Convenience is a key driver but the Jetts team are very adaptable and creative, generating fantastic bespoke layouts for each club.”
Newns Webster acted for LCP, the landlord of the Rothwell property.
BoConcept Opens in Cheltenham
AS Retail have recently advised their retained client BoConcept on their entry into Cheltenham.
BoConcept are one of the globe’s most recognisable furniture and lifestyle brands with over 300 showrooms in 60 countries, all via franchise partners. With over 20 showrooms in Great Britain the brand continues to selectively expand into targeted markets through our network of multi-site partners.
BoConcept have acquired the 3,800 sq ft former Middleton’s store at the quasi out-of-town Market Place development next to Schmidt Kitchens and facing the inner ring road.
Andrew Shepherd, Director at AS Retail, who advised BoConcept on the transaction commented “Cheltenham has been a long-term target for BoConcept and we’re thrilled to have finally secured the ideal showroom for them. We are very selective in our searches but this property fulfils the requirements of size, cost base, convenience, visibility and parking. We are seeking other sites nationwide so please get in touch if you have anything that might be suitable.”
John Ryde Commercial acted for the landlord in the letting.
All of the available commercial property listed on NovaLoca by AS Retail can be found here.
