Brewdog Commit to Cambridge

Brewdog Commit to Cambridge

On behalf of LaSalle Investment Management, Green & Partners have secured a new 20-year lease to Brewdog in Cambridge City Centre.

Brewdog will be opening in the premises formerly occupied by Cau, who went into administration in 2018. This letting compliments an array of F&B operators in the vicinity, including Zizzi, Pho and Honest Burgers. For more information please contact Olly Gardner.

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Seasalt Make Waves in Winchester

Seasalt Make Waves in Winchester

On behalf of BMO Real Estate Partners, Green & Partners have completed a new letting to Seasalt Cornwall at 46 High St Winchester.

The premises, formerly occupied by Cath Kidston, were simultaneously let with no void period, highlighting the continued demand for retail space in Winchester. For further information please contact Mike Willoughby.

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Green & Partners deliver Anthropologie in Cheltenham

Green & Partners deliver Anthropologie in Cheltenham

Advising CBRE Global Investors Green & Partners have secured a new letting to Anthropologie at 92 Promenade, Cheltenham.

The letting is the conclusion of over 5 years of asset management advice and confirms the Promenade as the town’s fashion and lifestyle pitch.

For further information please contact Adam Bindman and Patrick Over.

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JD Sporting New Shop In Portsmouth

JD Sporting New Shop In Portsmouth

Green and Partners have secured a new 10-year lease to JD Sports in the former New Look premises at Commercial Road Portsmouth.

The instruction saw advice provided to Aspect Property Group throughout the former tenants CVA process. JD opened in May 2019.

For further information please contact Adam Bindman

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Green & Partners Sell Tonbridge

Green & Partners Sell Tonbridge

Green & Partners have sold a high street retail investment opportunity on behalf of LaSalle Investment Management. The asset is located in a prime location in the centre of Tonbridge and lends itself to a much larger residential development. A private developer has purchased the freehold opportunity for £2.6m reflecting a net initial yield of 6.06% having marketed the investment for 7.5% NIY.

For further information please contact Patrick Over.

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Nando’s Acquisition For A Private Client In Bicester

Nando’s Acquisition For A Private Client In Bicester

Green & Partners acquired the Nando’s in Pioneer Square, Bicester.

The property is fully let to Nando’s Chickenland Limited for a term of 20 years expiring August 2033. The property is held by way of 999-year leasehold interest from 13 January 2012.

The acquisition reflected a Net Initial Yield of 5.75% at £1,025,000.

For more information please get in touch with Patrick Over.

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Green & Partners Complete Sales In Leeds And Cheltenham

Green & Partners Complete Sales In Leeds And Cheltenham

The investment team has completed the sale of two high street assets on behalf of RLAM. 

Both properties are located in very strong and resilient retail centres, where there is still argument in owning prime, central high street assets. Both Leeds and Cheltenham are tourist and shopping destinations in their own right which benefit from consistently high levels of footfall.

83-83a Briggate, Leeds let to Flight Centre in its entirety with an unexpired term of 7.25 years. Bought by a foreign private investor, the transaction completed in January 2019 for £1.816m reflecting a Net Initial Yield of 6.50%.

20-22 Promenade, Cheltenham sold to a local private investor for £1.565m reflecting a Net Initial Yield of 5.54%. The property is let to Coventry Building Society, the UK’s 2nd largest building society for further 8 years.

For more information please get in touch with Patrick Over or Simona Malinova.

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Boots sign in St Stephen’s, Hull

Boots sign in St Stephen’s, Hull

Acting on behalf of British Land, Green and Partners have successfully secured a new 30,000 sq ft Boots MSU, reinforcing the dominance of St Stephen’s which comprises 552,000 sq ft of retail and leisure dominating the retail offer of Hull. Other notable retailers include; Next, H&M, Topshop/Topman, River Island, Tesco and TK Maxx.

To facilitate the provision of the new store surrenders were undertaken from Peacocks, Clintons and Sports Direct. Boots entered into a 15-year lease, at an undisclosed rent, with a programmed opening in May 2019.

For further information please contact Paul Cooper or Adam Bindman.

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Two new openings in Westwood Cross

Two new openings in Westwood Cross

Acting on behalf of Landsec, Green and Partners, jointly with Morgan Williams, have undertaken the 2 following transactions in Westwood Cross, Thanet, Kent:

Foot Asylum took a new 10-year lease of the former Poundworld, which comprises 5,030 sq ft, at a commencing rental of £157,500.

EE have taken a new 10-year lease of the former Five Guys, which comprises 2,335 sq ft, at a commencing rental of £125,000 pax.

Please contact Paul Cooper for further information.

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Green and Partners land Boots in Lincoln

Green and Partners land Boots in Lincoln

Acting on behalf of M&G, Green and Partners have let the former Bhs to Boots.

The store comprises 33,500 sq ft over 2 trading floors. A new 15-year lease was entered into by Boots at the passing rent of £491,250 pax.

Please contact Paul Cooper for further information.

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