The Buchanan Street site is already 90.7% let, with retailers including Forever 21, Office and Gap
Other news
DEVELOPMENT Buchanan Street attracts more fashion names
Four more retailers have been confirmed on the growing list of those taking space in Glasgow’s 185-221 Buchanan Street site, the development scheduled to open in March 2013.
Fat Face, Skechers, Office and Watches of Switzerland are the latest names to join the 155,000 sq ft scheme, which is creating a new prime pitch in the city centre on what is the UK’s second busiest shopping street. They join others such as Forever 21, Paperchase and Gap in the scheme, which is 90.7% pre-let by income.
Land Securities development director Nick Davis said: “These new lettings demonstrate that retailer demand for new, well-configured space on Buchanan Street remains strong.”
The new development is opposite the Buchanan Galleries centre and reaffirms Glasgow’s position as the style capital of Scotland.
Only one unit remains available on Buchanan Street, and two units are available on West Nile Street. For more on the Glasgow development see p28.
Debenhams debuts in Chesterfield RETAIL
Debenhams is to open a 62,000 sq ft store at Ravenside Retail Park close to the centre of Chesterfield. The department store, which is expected to open in autumn 2012, replaces the recently demolished Focus unit on the 103,000 sq ft park and will help move its fashion offer forward. The park has a loyal following and attracts more than 20,000 visitors a week. Debenhams head of property Rob Hadfield said the retailer had eyed the town as a potential destination for
a Debenhams store. He said: “We are delighted to be bringing a full-range department store to the people of Chesterfield.
“We are confident that our store will not only enhance the choice for Chesterfield’s shoppers but also add significantly to the shopping attraction of the town.”
The new store will further cement the park’s place as a standalone shopping destination.
Learning the ropes Construction apprentices are gaining insight into the real world of retail development at Land Securities’ Trinity Leeds centre. One example is Jamie Dixon, who is studying for a BSc in civil engineering, and is part of the Laing O’Rourke Apprenticeship Plus programme with ambitions to become a chartered engineer. So far, working alongside qualified engineers, he has overseen the construction of retaining walls, and supervised concrete pours for floors, ramps and foundations on the development.
Landlord award from the PMA Land Securities won the Property Managers Association (PMA) Landlord of the Year award in a ceremony at the Hilton London Metropole in December 2011. The PMA represents the interests of retail organisations, with members including 110 leading UK retailers, and allows its property professionals to work together for mutual benefit.
Property Company of the Year The annual Estates Gazette Awards held in December 2011 honoured Land Securities as National Property Company of the Year. Commended for its huge overall contribution to the industry and early commitment to developments, the judges also commented on how Land Securities “ticked all the boxes” and were the “standout winners”.
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