British Land welcomes new occupiers to Whiteley and the West End

Posted on 24 September, 2014 by Kirsten Kennedy

British Land has announced wave of new lets, with Rock Up, Glow & Co and Fussy Nation agreeing terms at Whiteley Shopping Centre in Hampshire.

British-Land-welcomes-new-occupiers-to-Whiteley-and-the-West-End

Rock Up, an indoor climbing adventure operator, has taken a 4,786 sq ft unit on a 10 year lease, with the outlet due to serve high quality food alongside its soft play and climbing wall facilities.

Gift retailer Glow & Co, meanwhile, will move into a 1,707 sq ft unit on a five year lease and will stock its extensive range of bath and body products along with its popular home fragrance lines.

Perhaps the most exciting new occupier is Fussy Nation, which has also elected to take up a 1,707 sq ft unit on a five year lease. The independent fashion retailer showcases the work of new designers and world famous brands including Ralph Lauren, Hugo Boss and Hackett- and the Whiteley outlet will be its first store opening outside London.

Head of shopping centre asset management for British Land, Claire Barber, says; “We are continuing to see strong demand from a broad range of occupiers and are particularly excited to introduce a UK first with the Rock Up concept.

“We are taking more new retail and leisure operators out of town and introducing innovative new concepts that will encourage people to visit more frequently and stay for longer.”

Yet it is not only new tenants that have caused a degree of excitement at Whiteley, as work on a new leisure extension has also begun recently.

Due to open in the summer of 2015, the £18 million project will bring a nine screen Cineworld cinema along with 30,000 sq ft of restaurant and leisure space and has already been 75 per cent let, with only two units still available.

In further good news, British Land has revealed that it has fully let its Grade A office complex at 39 Victoria Street in London. The nine storey commercial property was recently refurbished, and its location in the heart of Victoria has proved attractive for businesses seeking to expand in the area.

39-Victoria-Street

The letting of 39 Victoria Street means that British Land’s West End portfolio is also nearing the fully let stage. In total, the portfolio consists of 2.4 million sq ft of prime office space, and at present has a 96 per cent occupancy rate.

Head of offices and residential at British Land, Tim Roberts, says; “We have continued to see good letting momentum across our London office portfolio which reflects the high quality spaces and environments we have created along with improving occupational demand.

“With little new product coming to market over the coming years, we are pushing forward with our near term pipeline.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants