msbl appointed by Twinings
June 2010
msbl have been appointed by Twinings to acquire new retail units in Central London. Twinings - which is a subsidiary of Associated British Food - have been trading in The Strand for over 300 years. Target locations include Covent Garden, Regent Street and Marylebone High Street.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl advise on freehold purchase
June 2010
msbl have advised a private investment client in relation to the freehold purchase of the Knights Department store in Sidmouth, Devon.
Two retail units are being created, the first having been let to lifestyle retailer Fat Face.
For further information, please contact:
Gareth Storer
T: 020 7101 6726
msbl secure new unit for Moss
June 2010
msbl have agreed a new 12 month lease on behalf of Moss Bros Group at the Freeport Outlet Centre in Talke.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl concludes lease re-gear
May 2010
Acting for retained client Fat Face, msbl have agreed a lease re-gear at 28 High Street, Winchester. By handing back part of the property which was unused, Fat Face have been able to reduce their ongoing rental liability.
For further information, please contact:
Andrew Udall
T: 020 7101 6725
Steve Brown
T: 020 7101 6723
Well, well, well Fat Face expansion continues
May 2010
Lifestyle retailer Fat Face will open a new store at 31 High Street, Wells. Retained agent msbl has agreed a new lease at £62,550 pa with 12 months rent free.
For further information, please contact:
Steve Brown
T: 020 7101 6723
Top Shop expansion continues
May 2010
Topshop and 3 other Arcadia fascias have signed up for the new Trinity Walk Shopping Centre in Wakefield which is due to open in April 2011.
msbl have negotiated 2 leases on G11/G14 at a combined rent of £375,000. A significant capital contribution is being paid to Arcadia.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl appointed by NewRiver Capital
May 2010
msbl have been appointed by NewRiver Capital to advise in relation to retail agency and professional matters on 2 blocks of property in The Square, Shrewsbury and Regent Street, Wrexham.
For further information, please contact:
Gareth Storer
T: 020 7101 6723
or
Andrew Udall
T: 020 7101 6725
New concept store for Moss
May 2010
The Galleria in Hatfield will welcome one of the first new style Moss stores. msbl have concluded terms for a relocation to Unit 29c. A significant capital contribution will be paid by the landlord Land Securities.
For further information, please contact:
Steve Brown
T: 020 7101 6723
Fat Face roll out continues
May 2010
msbl retained client Fat Face have acquired a new unit in Newark. A new 10 year lease at £45,000 pa has been agreed together with an undisclosed capital contribution.
For further information, please contact:
Gareth Storer
T: 020 7101 6726
Manchester flagship store for Hugo Boss
May 2010
msbl client Moss Bros Group has secured a new flagship store for its trading partner Hugo Boss. msbl have agreed an assignment of the property formerly occupied by Heals in New Cathedral Street. A significant 7 figure reverse premium was agreed.
For further information, please contact:
Steve Brown
T: 020 7101 6723
or
Gareth Storer
T: 020 7101 6723
msbl secure massive rent reduction!
April 2010
Acting on behalf of Moss Bros Group plc, msbl have agreed a near 50% rent reduction on a lease renewal at 136 Above Bar Street, Southampton. The total saving over 5 years is £162,500.
For further information, please contact:
Andrew Udall
T: 020 7101 6725
msbl negotiates rent reductions for retained client
April 2010
Shuropody will benefit from a reduced rental liability on its stores in Derby and Bradford following successful negotiations by retained agent msbl.
For further information, please contact:
Steve Brown
T: 020 7101 6723
Hot competition for unit in Brighton
April 2010
Following its relocation in Brighton, Fat Face have surrendered the lease on their old store in Dukes Lane to the landlord.
Retained agent msbl generated significant interest which enabled Fat Face to surrender the lease at nil premium - unusual in the current economic climate!
For further information, please contact:
Gareth Storer
T: 020 7101 6723
Another shopping centre store acquisition for Fat Face
March 2010
Festival Place, Basingstoke is the latest shopping centre to welcome lifestyle retailer Fat Face who were advised by msbl.
The new 10 year lease is at an initial rent of £125,000. An incentive package of 12 months rent free and £100,000 Capital Contribution was agreed.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl secures letting at Rivergate Centre, Peterborough
March 2010
msbl have agreed a letting to Paperbox Ltd at Unit 12, Rivergate Centre in Peterborough on behalf of retained client Ignis Asset Management.
For further information, please contact:
Andrew Udall
T: 020 7101 6725
or
Gareth Storer
T: 020 7101 6723
msbl secures new store in Abergavenny for Fat Face
March 2010
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Abergavenny.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 1,526 sq ft at ground floor, 818 sq ft at first floor and 577 sq ft ancillary at 20 High Street, Abergavenny.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
Three more lease re-gears for Moss Bros Group
March 2010
msbl have concluded lease re-gear negotiations on behalf of Moss Bros Group in Telford, Chester and Plymouth. Moss Bros's rental liability has been reduced by £716,375 over the next 5 years.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl secures new store in Woodbridge for Fat Face
February 2010
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Woodbridge, Suffolk.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease for 10 years on a unit comprising ground floor sales 2,250 sq ft and first floor ancillary 2,250 sq ft at Unit 2, 11 Thoroughfare, Woodbridge. The initial rent is £55,000 and
Fat Face received an undisclosed incentive.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl concludes re-site in Windsor for Fat Face
February 2010
The UK's leading active lifestyle brand, Fat Face has secured a re-site in Windsor.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease on a prime shop for 10 years at 56 King Edwards Court, Windsor. The initial rent is £130,000 but a capital payment of £200,000 was paid to Fat Face.
The existing store on Peascod Street was subject to a break clause.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
Further expansion up North for Fat Face
February 2010
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Lytham.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease for 10 years on a unit comprising ground floor sales 2,109 sq ft and ground floor ancillary 1,128 sq ft and first floor 276 sq ft, plus 3 bed accommodation at 19 Market Square, Lytham.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secure assignment to Costa in Worcester
January 2010
msbl have secured an assignment of a lease held by Moss Bros Group Plc to Costa Ltd. The lease which expires in April 2012 at a rent of £98,000 was sold for a premium of £17,500.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl acquires new coastal store
January 2010
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Southwold, Suffolk.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken an assignment of a lease on a unit comprising ground floor circa 2,500 sq ft and 1st floor 350 sq ft at 31 High Street, Southwold.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secure assignment to Costa in Worcester
January 2010
msbl have secured an assignment of a lease held by Moss Bros Group Plc to Costa Ltd. The lease which expires in April 2012 at a rent of £98,000 was sold for a premium of £17,500.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl advise Arcadia in Bury
January 2010
msbl client, Arcadia have signed a new lease on turnover rent only for their Burton menswear fascia.
For further information, please contact:
Mark Simmonds
T: 020 7101 67222
msbl secures new store in Lincoln for Fat Face
December 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Lincoln.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new 15 year lease on a prime unit. The initial rent is £170,000 with 12 months rent free and a substantial capital sum paid to Fat Face.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
Brighton long leasehold secured by msbl
December 2009
Tmsbl have acquired the long leasehold interest in the former Post Office in Ship Street, Brighton on behalf of a private client.
The property has subsequently been let to Fat Face on a new 10 year lease at a commencing rent of £140,000 p.a.
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl continue to acquire shops for Fat Face
December 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Skipton.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 2,000 sq ft at ground floor and a further 2,175 sq ft at first floor at Unit 1 High Street, Craven Court Shopping Centre, Skipton.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
Moss relocate in Bracknell
November 2009
Moss advised by msbl, have relocated to larger premises in Bracknell. The new deal is on a turnover rent with nil base rent. Additionally, a substantial Capital Contribution was agreed.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl conclude lease re- gear in Glasgow
November 2009
In Renfield Street, Glasgow msbl have concluded a re-gear exercise on behalf of retained client Moss Bros. The new lease runs until 2025 at an initial rent of
£105,000 pa.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl find new store for Moss Bros
November 2009
msbl have acquired a new unit for Moss in the Dalton Park Outlet Centre. A new 5 year lease has been agreed with a significant incentive package agreed.
For further information, please contact:
Steve Brown
T: 020 7101 6723
New lease in Braintree secured by msbl
November 2009
Savoy Taylors Guild advised by msbl have secured a new 5 year lease in the Braintree Outlet Village. The base rent agreed is £46,780 pa.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl client Shuropody expands
November 2009
msbl have completed negotiations on behalf of retained client Shuropody in Terminus Road, Eastbourne. The property was part of a portfolio acquired from Sole Solution.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl acquire new Uxbridge store for Moss
November 2009
Moss Bros Group Plc advised by msbl have acquired a new store for their Moss fascia in The Chimes Shopping Centre in Uxbridge. The rent under the lease is based on turnover and msbl have also negotiated a flexible lease term.
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl secures new store in Haywards Heath for Fat Face
October 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Haywards Heath.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 2,136 sq ft at ground floor and a further 2,321 sq ft at first floor at Unit B, The Orchards, Haywards Heath. Fat Face received a large undisclosed incentive.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secures new store in Ripon for Fat Face
October 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Ripon.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 2,124 sq ft at ground floor only at SU4, Marketgate, Ripon.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secures new stores in Swindon and Southport for Shuropody
September 2009
Advised by retained agent msbl, the footwear retailer Shuropody Ltd has acquired two new units. Firstly, a unit of circa 1,060 sq ft on ground floor at Unit 10, Brunel Plaza, The Brunel Centre, Swindon. Secondly, a unit of circa 1,400 sq ft on ground floor at 435 Lord Street, Southport.
Shuropody were advised by retained agent msbl.
For further information on Shuropody Ltd go to http://www.shuropody.com
For further information, please contact:
Peter Schaverien
T: 020 7101 6727
New store for Fat Face in Morpeth
September 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Morpeth.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 1,700 sq ft at ground floor and a further 425 sq ft at first floor at Unit 8, Sanderson Arcade, Morpeth. Fat Face received a large undisclosed incentive.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6726
msbl secures new store in Great Malvern for Fat Face
August 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Great Malvern
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 1,934 sq ft at ground floor, 1,569 sq ft at first floor and 458 sq ft at second floor at 89-91 Church Street, Great Malvern.
For further information on Fat Face go to http://www.fatface.com
Gareth Storer
T: 020 7101 6723
msbl's client Shuropody opens new store in Leamington Spa
July 2009
Advised by retained agent msbl, the footwear retailer Shuropody Ltd has acquired a new unit of circa 1,600 sq ft in Leamington Spa. The property at 94/96 The Parade has been taken on a new 10 year lease with a 5th year break at an initial rent of £50,000.
For further information on Shuropody Ltd go to http://www.shuropody.com
For further information, please contact:
Peter Schaverien
T: 020 7101 6727
msbl secures new stores in Cambridge and Chichester for Shuropody
July 2009
Advised by retained agent msbl, the footwear retailer Shuropody Ltd has acquired two new units. Firstly, a unit of circa 1,050 sq ft on ground floor at 30 Fitzroy Street, Cambridge.
The second a unit of circa 1,050 sq ft on ground floor, with a further circa 1,000 sq ft of ancillary at 41 East Street, Chichester.
Shuropody were advised by retained agent msbl.
For further information on Shuropody Ltd go to http://www.shuropody.com
For further information, please contact:
Peter Schaverien
T: 020 7101 6727
Major refurb for Moss Bros in Manchester
June 2009
The UK's leading Menswear Group, Moss Bros has re-geared their lease in Manchester. Advised by retained agent msbl, the menswear retailer has taken a new 10 year lease on their existing Moss unit @ 1/5 St Ann's Square at a rent of £295,000 pax, subject to 12 months rent free. Moss Bros also received a large undisclosed Capital Contribution.
The deal allows Moss to substantially refurbish the store extending the selling space.
For further information on Moss Bros go to http://www.mossbros.co.uk
For further information, please contact:
Gareth Storer
T: 020 7101 6726
msbl secures new store in Macclesfied for Fat Face
June 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Macclesfield.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 1,300 sq ft at ground, 1,000 sq ft at first floor and 1,300 sq ft at second floor at 3 Mill Street, Macclesfield.
A significant inducement was agreed.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6726
Resite leads to disposal of store in Chichester for Fat Face
June 2009
The UK's leading active lifestyle brand, Fat Face has disposed of their former store at 15 South Street, Chichester.
Advised by retained agent msbl, the fashion and lifestyle retailer have assigned their unit comprising of circa 750 sq ft at ground floor to Walton Design Ltd (represented by Myddleton & Major).
This disposal follows on from the acquisition of a new Fat Face store at 83 East Street, Chichester.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secures second store in Cardiff for Fat Face
June 2009
The UK's leading active lifestyle brand, Fat Face has acquired a second store in Cardiff.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a unit comprising of 2,303 sq ft at ground and a further 1,411 sq ft at first floor at Unit LG67, St Davids 2, Cardiff. The unit is outside the new scheme fronting onto the Hayes.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl secures a new letting and lease renewal in Peterborough for Axial Investment Management
June 2009
msbl acting on behalf of Axial Investment Management has let and renewed leases on units in the Rivergate Centre, Peterborough to KMC Pictures and Regis trading as Hair Express.
The unit taken by KMC Pictures is their first retail property and sells sports memorabilia
merchandise as well as picture framing.
Hair Express have renewed their lease for a further 5 years. The unit is one of the retailer's two outlets in Peterborough and was renewed due to the benefit from the pedestrian flow created by the large surface car park and Asda Superstore at the rear of the scheme.
msbl act as retained agent for Axial Investment Management on the Rivergate Centre, Peterborough.
For further information on Axial Investment Management go to http://www.axialinvest.com
For further information, please contact:
Peter Schaverien
T: 020 7101 6727
msbl secures new store in Bury for Arcadia
May 2009
Advised by retained agent msbl, fashion retailer Wallis has taken a new lease of Unit 22, The Mall, Bury.
Wallis forms part of Arcadia Group which is the UK's largest privately owned clothing retailer with more than 2,500 outlets.
For further information on Arcadia go to http://www.arcadia.co.uk
For further information, please contact:
Mark Simmonds
T: 020 7101 6722
New store in Redditch for Dorothy Perkins and Burton
May 2009
Advised by retained agent msbl, fashion retailer Arcadia (trading as Burton and Dorothy Perkins) has taken a new lease of Unit 36, Evesham Walk, Kingfisher Centre, Redditch. Arcadia received a large undisclosed incentive.
Arcadia Group is the UK's largest privately owned clothing retailer with more than 2,500 outlets.
For further information on Arcadia go to http://www.arcadia.co.uk
For further information, please contact:
Mark Simmonds
T: 020 7101 6722
Two new outlet stores in Cheshire Oaks and Swindon for Henri Lloyd
May 2009
Advised by retained agent msbl, the marine and lifestyle retailer Henri Lloyd has acquired two new units. The first a unit of circa 2,400 sq ft is in Cheshire Oaks Outlet Centre.
Secondly, msbl has secured a resite for Henri Lloyd into a larger premises of circa, 2,000 sq ft in The Designer Outlet Centre, Swindon.
For further information on Henri Lloyd go to http://www.henrilloyd.com
For further information, please contact:
Gareth Storer
T: 020 7101 6726
msbl secures new store in Chelmsford for Fat Face
April 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Chelmsford.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a comprising of circa 1,900 sq ft at ground and circa 778 sq ft at first floor at Unit 20/21 The Meadows, Chelmsford. Fat Face received a large undisclosed incentive.
For further information on Fat Face go to http://www.fatface.com
Gareth Storer
T: 020 7101 6723
msbl secures resite in Kingston Upon Thames for Fat Face
March 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Kingston Upon Thames.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a new lease of a ground floor unit of 2,253 sq ft at G18 The Bentall Centre, Kingston Upon Thames. The unit fronts on to Clarence Street. Fat Face received a large undisclosed incentive payment.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Steve Brown
T: 020 7101 6723
msbl secures new store in Chichester for Fat Face
March 2009
The UK's leading active lifestyle brand, Fat Face has acquired a resite into a new larger store in Chichester.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a sublease of a unit comprising of 1,630 sq ft at ground and 625 sq ft at first floor at 83 East Street, Chichester. The passing rent is £160,000 pax and the lease expires in June 2013.
The Sublessor, Lakeland Ltd was represented by Michael May & Partners.
For further information on Fat Face go to http://www.fatface.com
For further information, please contact:
Gareth Storer
T: 020 7101 6723
msbl secures new store in Henley on Thames for Temptation Gifts
January 2009
Advised by retained agent msbl, the gift specialist Temptation Gifts Ltd has acquired a new unit of circa 2,300 sq ft at 10-12 Bell Street, Henley on Thames, on a new 10 year lease at a commencing rent of £60,000 pax.
This will be Temptation Gifts 4th store Ð the current outlets are in Amersham, Beaconsfield and Berkhamsted.
For further information on Temptation Gifts go to www.temptationgifts.com
msbl secures new store in St Ives (Cambs) for Fat Face
January 2009
The UK's leading active lifestyle brand, Fat Face has acquired a new store in St Ives, Cambridgeshire.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken an assignment of a unit comprising of 1,790 sq ft (166.8 sq m) at ground and 1,490 sq ft (138.4 sq m) at first floor at 15 Crown Street, St Ives. The passing rent is £47,500 pax and the lease expires in June 2023.
The assignor, Walkers Books was not represented.
For further information on Fat Face go to www.fatface.com
msbl completes acquisition and disposal for Fat Face in Norwich
December 2008
msbl acting on behalf of retained clients Fat Face, have disposed of 5/7 Lower Goat Lane, Norwich to Arthritis Research Campaign.
This follows Fat Face's relocation to a new store at 3-4 Haymarket.
msbl are retained agent for Fat Face
For further information on Fat Face go to www.fatface.com
msbl secure stores in Hounslow and Clapham for Betfred
December 2008
The worlds biggest independent bookmaker Betfred, advised by msbl have acquired a store in Hounslow at £55,000 pax and a store in Clapham Junction at £63,000 pax.
For further information on Betfred go to www.betfred.com
msbl retained as property advisor to Shuropody
November 2008
msbl have been retained to provide property advice to shoe and footcare retailer Shuropody.
Shuropody, which launched in January 2008 as an 11 store chain, bought 44 Scholl stores from Alliance Boots in July 2008.
msbl Director Steve Brown said: "We are looking for further stores of approximately 1,500 sq ft in all major UK Markets where Shuropody are not already represented".
For further information on Shuropody go to www.shuropody.com
msbl secures new store in Merry Hill for Henri Lloyd
November 2008
Advised by retained agent msbl, the marine and lifestyle retailer Henri Lloyd has acquired a new unit of circa 2,100 sq ft in the Upper Mall in Merry Hill Shopping Centre.
Henri Lloyd were advised by retained agent msbl.
For further information on Henri Lloyd go to www.henrilloyd.com
msbl secures new store in Liverpool for Fat Face
October 2008
The UK's leading active lifestyle brand, Fat Face has acquired a new store in Grosvenor's Liverpool One Shopping Centre.
Advised by retained agent msbl, the fashion and lifestyle retailer has taken a unit in Peters Lane comprising of 2,029 sq ft (188.5 sq m) at ground and 2,022 sq ft (187.8 sq m) at first floor. Fat Face has taken a new 10 year lease and the initial rent is £205,000 pax. A substantial incentive package was agreed.
Grosvenor were advised by Cushman & Wakefield.
For further information on Fat Face go to www.fatface.com
New City of London Stores for
Canali and Hugo Boss
23rd September 2008
Menswear group, Moss Bros Group PLC has acquired a large new unit in Eldon Street, London EC2. Advised by retained agent msbl, the menswear retailer will operate the property as two fascias for their franchise partners Canali and Hugo Boss.
Comprising a ground floor of 3,850 sq ft and basement of 1,350 sq ft. The property has been taken on a new 15 year lease from the landlord Prudential. The initial rent is £560,000. A substantial incentive package was agreed.
msbl represented Moss Bros throughout whilst the landlord was advised by CBRE.
For further information on Moss Bros go to www.mossbros.co.uk
Jaeger on site at Westfield, London
September 2008
Leading fashion brand Jaeger, has started fitting out their new unit at Westfield London.
Advised by retained agent msbl, Jaeger has acquired a new unit, on a 10 year lease at an initial rent of £320,000 per annum. A significant capital contribution was paid to Jaeger.
For further information on Jaeger go to www.jaeger.co.uk
msbl secures new store
in Kendal for Fat Face
September 2008
The UK’s leading active lifestyle brand, Fat Face has acquired a new store in Kendal.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired a new unit comprising of 1,511 sq ft (140.30 sq m) sales at 15/17 Stricklandgate, Kendal. Fat Face has taken an assignment of a lease expiring June 2012 from Electricity North West Ltd. The passing rent is £61,000 per annum, subject to 5 yearly rent reviews. Fat Face received 10.5 months rent free.
Electricity North West Ltd were represented by Taylor and Co.
For further information on Fat Face go to www.fatface.com
msbl secures new store in
St Pancras International Station for Fat Face
August 2008
The UK’s leading active lifestyle brand, Fat Face has acquired a new store in St Pancras.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired a new unit comprising of 1,442 sq ft (134 sq m) at St Pancras International Station. Fat Face has taken a new 9 year lease from September 2008. The passing rent is £125,000 per annum, subject to a rent review every third year.
Twenty Retail acted on behalf of the landlord. Union Railways North Ltd.
For further information on Fat Face go to www.fatface.com
msbl acquires sale and leaseback for Private Investor
August 2008
msbl acting on behalf of a private client have advised on the purchase for an undisclosed sum on a sale and leaseback from Corals in Cardigan.
For further information, please contact:
Gareth Storer
T: 020 7101 6726
E: gareth@msblproperty.com
msbl secures new store in Stamford for Fat Face
July 2008
The UK’s leading active lifestyle brand, Fat Face has acquired a new store in Stamford.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired a new unit comprising of 1,950 sq ft (181 sq m) at 8 High Street, Stamford. Fat Face has taken a new 15-year lease from June 2008. The initial rent is £95,000 per annum, subject to a rent review every fifth year.
The landlord, Cathedral Park Pension Fund, acted on its own behalf.
For further information on Fat Face go to www.fatface.com
msbl completes disposal for Royal Doulton in Llandudno
July 2008
msbl acting on behalf of retained client Royal Doulton have disposed of 94 Mostyn Street, Llandudno to Portbridge Ltd.
msbl are retained agent for Royal Doulton.
For further information, please contact:
Peter Schaverien/Gareth Storer
T: 020 7101 6727/020 7101 6726
E: gareth@msblproperty.com
E: peters@msblproperty.com
msbl acquires new premises for expanding department store chain
9th June 2008
Acting on behalf of the growing independent department store chain Browns of York, msbl has acquired new premises in Beverley.
Adding to the chain’s existing stores in York and Helmsley, the new 10,000 sq ft (929 sq m) Browns is located in Beverley’s Saturday Market, Beverley.
Browns has taken a new 15-year lease at a rent equating to approximately £18.00 per sq ft (£193 per sq m).
Mark Simmonds of msbl commented:
"This is the first step in Browns expansion plans. The new store will be a great addition to the retail experience in Beverley. We are now actively looking for further stores for Browns - either existing department store units or new developments on a freehold or leasehold basis."
The new store will open in Spring 2009 following extensive works by the landlord.
msbl acted for Browns of York throughout and is retained for further acquisitions.
For further information on Browns of York go to www.brownsofyork.co.uk
Moss Bros property acquisitions
June 2008
Menswear group, Moss Bros Group PLC has acquired new units for its Moss fascia. Advised by retained agent msbl, the menswear retailer has acquired new units as follows:-
Moss Swansea: 804 Oxford Street
A new 10 year lease @ £145,600 with a substantial capital contribution.
Bolton: Unit E, Market Hall
It comprises a total of 3,210 sq ft (298 sq m) on two floors, including 2,018 sq ft (187 sq m) ground floor sales space. Moss Bros has taken a new 10-year lease, at a rent of £155,000 per annum. A substantial capital contribution was paid together with 9 months rent free period.
Derby: SU261 Westfield
msbl has acquired a 3,905 sq ft (363 sq m) store in Westfield Derby for Moss Bros on a new 10-year lease at an initial rent of £120,000 per annum.
In another recent deal, msbl advised Moss Bros in relation to a new Hugo Boss store in Canary Wharf. Unit 5 in Cabot Place, providing 3,141 sq ft (292 sq m) of ground floor sales, has been taken on a new 10 year lease at a rental of £250,000 per annum, plus a 10% turnover rent. A substantial incentive package was agreed.
msbl represented Moss Bros PLC throughout.
For further information on Moss Bros go to www.mossbros.co.uk
msbl acquires Manchester flagship for Henri Lloyd
19th May 2008
As part of an expansion drive across the UK, retained agent msbl has acquired a new flagship store in Manchester’s St Ann's Square for upmarket sailing and fashion retailer Henri Lloyd.
The new store - unit 4, Acresfield - is in the heart of Manchester's most prestigious shopping area. Located between King Street, Deansgate and Exchange Square, St Ann's Square provides Henri Lloyd with the perfect location to support its future plans.
The unit comprises of a ground floor sales area of 1,500 sq ft (139 sq m) with a further 730 sq ft (68 sq m) mezzanine level. Henri Lloyd has taken a new 10-year lease from landlord Schroders at a rent of £160,000 per annum. A substantial capital contribution was paid.
Gareth Storer of msbl commented:
"St Ann’s Square is a great location for the Henri Lloyd flagship store. It is at the heart of the Manchester shopping district and will provided us with a fantastic platform for further expansion across the UK."
This latest deal is Henri Lloyd’s fourth new store so far this year (2008), with deals also signed in Salcombe, Dartmouth and Wilmslow.
In Salcombe, the new store will be located at 67 Fore Street. Providing a total of approximately 600 sq ft (56 sq m). Henri Lloyd has taken a new 10-year lease on the unit, which provides a total of approximately 600sq ft (59 sq m) at a rent of £30,000. A premium was paid.
The new unit in Dartmouth, located at 9 The Quay, comprises of a 1,000 sq ft (93 sq m). Henri Lloyds has taken an assignment of a 15-year lease from 1997. The passing rent is £35,000 per annum, a premium was paid.
msbl also acquired a unit at 5 Alderly Road in Wilmslow. Providing a total of approximately 1,044 sq ft (97 sq m), Henri Lloyd has a taken a new 10-year lease at a rent of £38,000 per annum.
Gareth Storer added:
"The beginning of this year has seen us make some huge steps forward on behalf of Henri Lloyd and I am looking forward to what the rest of the year brings."
msbl acted for Henri Lloyd throughout.
For further information on Henri Lloyd go to www.henrilloyd.com
msbl acquires Wilmslow store for Henri Lloyd
16th May 2008
As part of an expansion drive across the UK, retained agent msbl has acquired a new store in Wilmslow for upmarket sailing and fashion retailer Henri Lloyd.
msbl acquired the unit at 5 Alderly Road in Wilmslow. The unit provides a total of approximately 1,044 sq ft (97 sq m). Henri Lloyd has a taken a new 10-year lease at a rent of £38,000 per annum.
msbl acted for Henri Lloyd throughout.
Impey Richard Morris acted for the landlord Ww Stansby & Sons Ltd.
For further information on Henri Lloyd go to www.henrilloyd.com
msbl secures client investment in Welwyn Garden City
9th May 2008
msbl, acting on behalf of private clients, acquired the freehold of a retail unit in Welwyn Garden City and let it to Europe’s largest optical retailer Vision Express UK Ltd.
Unit 1 at 61 Howardsgate in Welwyn Garden City comprises a ground floor sales area of 1,797 sq ft (167 sq m). Vision Express has taken a new 15–year lease at a rent of £77,500 per annum.
Vision Express was represented by CBRE.
msbl secures St Albans relocation for Fat Face
9th May 2008
The UK’s leading active lifestyle brand, Fat Face has relocated to new premises in St Albans.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired a double unit comprising of 2,200 sq ft (204 sq m) at 16/18 Chequer Street (relocating from Market Place). Fat Face has taken a 15-year lease at a rent of £120,000 per annum.
msbl has subsequently assigned the lease on the 780 sq ft (72 sq m) Market Place unit to 3G for a substantial premium.
For further information on Fat Face go to www.fatface.com
msbl secures Norwich relocation for Fat Face
9th May 2008
The UK’s leading active lifestyle brand, Fat Face has relocated to new premises in Norwich.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired the new property comprising of a total of 10,760 sq ft (999 sq m) on basement, ground and two upper floors with a ground floor sales area of 4,385 sq ft (407 sq m). Fat Face has taken a new 15-year lease from landlord Coal Pension Properties at a rent of £330,000 per annum. The rent is subject to a 10-month rent free period and a substantial capital contribution was paid.
Cushman & Wakefield advised Coal Pension Properties.
msbl is now marketing the old Fat Face store in 5-7 Lower Goat Lane, Norwich.
For further information on Fat Face go to www.fatface.com
Fat Face expansion continues
9th May 2008
The UK’s leading active lifestyle brand, Fat Face is moving forward with expansion plans. Advised by retained agent msbl, the fashion and lifestyle retailer has just signed deals that will take it into Beverley and Farnham for the first time and also agreed a relocation to a larger unit in Norwich.
msbl has also recently acquired units in Tavistock and Epping as well as securing relocations to larger units in Reading, Oxford and St Albans.
In Beverley, the new store will be located at 52/53 Saturday Market. Providing a total of 3,411 sq ft (316 sq m) on three floors, including 1,229 sq ft (114 sq m) ground floor sales space. Fat Face has taken an assignment of a 25-year lease from June 1991 from previous occupiers First Quench. The passing rent is £65,000 per annum. An undisclosed premium was paid.
The new unit in Farnham, located at 51/52 The Borough, comprises of a ground floor sales area of 1,024 sq ft (95 sq m) with 1,326 sq ft (123 sq m) of ancillary space at first floor. A premium was paid on the assignment of the 25-year lease dating from September 1991, to Age of Elegance. The passing rent is £60,000 per annum.
msbl has also acquired a prime unit at 3/4 The Haymarket in Norwich – a relocation for Fat Face from its existing unit at 5-7 Goat Lane. The new property comprises a total of 10,760 sq ft (999 sq m) on basement, ground and two upper floors with a ground floor sales area of 4,385 sq ft (407 sq m). Fat Face has taken a new 15-year lease from landlord Coal Pension Properties at a rent of £330,000 per annum. A substantial capital contribution was paid together with 10 months rent free.
msbl is now marketing the old Fat Face store in 5-7 Lower Goat Lane, Norwich.
The details of the other recent deals are as follows:
Epping – 269 High Street, providing 2,266 sq ft (211 sq m) of ground floor sales, has been taken on a new 15 year lease at a rental of £60,000 per annum.
St Albans – A double unit comprising of 2,200 sq ft (204 sq m) at 16/18 Chequer Street (relocation from Market Place) taken on a 15 year lease at a rent of £120,000 per annum. msbl has subsequently assigned the lease on the 780 sq ft (72 sq m) Market Place unit to 3G for a substantial premium.
Oxford – 19/20 Cornmarket Street (relocation from 4 George Street) consisting of two trading floors totalling 4,865 sq ft (452 sq m) acquired on assignment from Arcadia (Miss Selfridge) for a significant premium at a passing rent £317,500 per annum. msbl has subsequently negotiated a new lease to 2020 with landlords Jesus College at the same rental level. It has also assigned the lease on 4 George Street to Mr Shoes.
Tavistock – The 2,050 sq ft (190.4 sq m) former Cornmarket on West Street has been taken on a new 10-year lease from Wessex Heritage at an initial rent of £47,500 per annum.
Reading - 123 Broad Street, part of The Oracle Shopping Centre (relocation from 27/29 Cross Street), comprises 3,500 sq ft (325 sq m) and has been taken on a new 10-year lease at a rent of £240,000 per annum. msbl has subsequently assigned the lease on the Cross Street unit to upmarket homewares retailer Graham & Green.
msbl represented Fat Face throughout.
Msbls’s Steve Brown said:
"Fat Face is looking to acquire further units in a host of target towns situated right across the UK".
For further information on Fat Face go to www.fatface.com
msbl secures new store in Cambridge for The White Company
May 2008
msbl acting on behalf of The White Company has acquired SU53 Grand Arcade, Cambridge. The newly acquired store provides circa 2,000 sq ft of sales at a rental of £185,000. The White Company received 18 months incentive.
For further information on Fat Face go to www.thewhitecompany.com
msbl secures new Dorking store for Fat Face
May 2008
The UK’s leading active lifestyle brand, Fat Face has acquired a new store in Dorking, Surrey.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired Unit 2 at 111/113 High Street, Dorking. Fat Face has taken a new 15-year lease on the 1,850 sq ft (171 sq m) store at a rent of £62,000 per annum.
Fat Face was given a 3-month rent-free period by landlord Kerenite Ltd which was represented by Legat Corbishey.
For further information on Fat Face go to www.fatface.com
msbl secures new store in Bude for Fat Face
May 2008
The UK’s leading active lifestyle brand, Fat Face has acquired a new store in Bude.
Advised by retained agent msbl, the fashion and lifestyle retailer has acquired a new unit comprising of 1,950 sq ft (181 sq m) at 24a Bella Vue, Bude. Fat Face has taken an assignment of a 10-year lease from June 2005 from previous occupiers Mr & Mrs P Dixon Cloverelly Clothing Company. The passing rent is £24,000 per annum, subject to a rent review every fourth year. A premium of £25,000 was paid.
Kivells acted for Mr & Mrs P Dixon Cloverelly Clothing Company.
For further information on Fat Face go to www.fatface.com
msbl acquires units in Salcombe, Dartmouth and Wilmslow for Henri Lloyd
28th January 2008
msbl acting on behalf of Henri Lloyd has acquired stores in Salcombe, Dartmouth and Wilmslow at the start of an expansion drive across the UK.
MSBL acts as retained agent for Henri Lloyd.
For further information on Henri Lloyd go to www.henrilloyd.com
msbl acquires new department store for Browns of York
28th January 2008
msbl acting on behalf of Browns of York have acquired a new department store for Browns of York in Saturday Market Beverley. The store will be approximately 10,000 sq ft and be an addition store to the flagship in York and a second store in Helmsley. The projected opening is for Autumn 2008.
MSBL acted as retained agent for Browns of York.
Rows out of town with a large premium on board
28th January 2008
msbl acting on behalf Arcadia have assigned the lease of 37 Bell Street, Henley on Thames to White Stuff.
The 3,082 sq ft Dorothy Perkins unit is held on a lease expiring in May 2016 at a rent of £61,500.
A substantial premium was paid by White Stuff who were advised by RMG Retail.
msbl acted for Arcadia Group.
New Lettings at British Land/USS Scheme
28th December 2007
Acting on behalf of The Whiteley Co-Ownership a JV between British Land and USS a number of recent lettings have been concluded at Whiteley Village, the outlet centre close to Junction G of the M27 in Hampshire. Recent new arrivals include:-
- Past Times
- Artigiano
- Home Curtains & Bedding
- Mark Marengo Fashion
msbl acts as retained agent for The Whiteley Co-Ownership
msbl Director Steve Brown Comments
"Whilst we are no virtually fully let, there are a number of flexible leases so that opportunities for new retailers are always available"
msbl secures new unit for Moss Bros
6th December 2007
msbl have acquired Unit 24, in Land Securities new Princesshay scheme in Exeter for Moss Bros Group PLc. The unit will trade as Moss and incorporates their new fit out design.
The unit comprises approximately 3,885 sq ft. The initial rent is £245,000 pa.
msbl Director Steve Brown has been advising Moss Bros on the relocation of the Moss unit since it was part of the CPO for the scheme. A temporary relocation into Sidwell Street has now been closed and surrendered back to the Landlord.
msbl advises Moss Bros Group Plc on Agency and Landlord & Tenant matters throughout the UK.
msbl complete disposals in Carlisle and Chelmsford for Royal Doulton
23rd November 2007
msbl acting on behalf of retained client Royal Doulton have disposed of 68 Castle Street, Carlisle to Collectables and a unit in the High Chelmer Shopping Centre in Chelmsford to the Sony Centre.
msbl are retained agent for Royal Doulton.
msbl acquires stores in Plymouth and Slough for Moss
16th November 2007
msbl acting on behalf of retained clients Moss have acquired a new store in the Queensmore Shopping Centre, Slough. They have also secured a relocation in New George Street, Plymouth.
msbl acts for Moss Bros Group Plc on a variety of property matters across the UK.
msbl acquires 269 High Street, Epping for Fat Face
13th November 2007
msbl acting on behalf of retained client Fat Face has acquired 269 High Street, Epping. The newly acquired store provides circa 2,266 sq ft at Ground Floor, at a rental of £60,000 per annum exclusive.
msbl acts as retained agent for Fat Face.
For further information on Fat Face go to www.fatface.com
msbl disposes of 65 Fleet Street, London for Swaine Adeney Brigg
12th November 2007
msbl acting on behalf of retained clients Swaine Adeney Brigg have disposed of their Unit at 65 Fleet Street, London to Roderick Charles.
msbl acted as retained agent for Swaine Adeney Brigg.
Letting and investment sale for Halladale on former Co-Op store in Gillingham
7th November 2007
msbl acting on behalf of Halladale advised on the purchase, letting and sale of the former Co-Op Store in Gillingham, Kent.
Working jointly with Capital Retail, MSBL secured lettings to Wilkinsons, Bon Marche and JJB.
The investment has subsequently been sold to a private investor.
msbl and Capital Retail acted for Halladale throughout.
msbl and Henderson celebrate: Rivergate Centre, Peterborough is fully let!
2nd October 2007
msbl acting on behalf of the Henderson UK Shop Fund has let units in the Rivergate Centre, Peterborough to Ideal Home Shopping and Subway.
The unit taken by Ideal Home Shopping is their first retail property and sells the merchandise featured on the Ideal Home Shopping television channel.
For Subway the unit is their second branch in Peterborough and was taken to benefit from the pedestrian flow created by the large surface car park and Asda Superstore at the rear of the scheme.
msbl act as retained agent for Henderson on The Rivergate Centre, Peterborough.
msbl acquires and sells units in St Albans for Fat Face
2nd October 2007
msbl acting on behalf of retained client Fat Face has acquired a double unit comprising circa 2,200 sq ft 16/18 Chequer Street at a rental of £130,000. MSBL also disposed of the former Fat Face unit on Market Place to 3G for a substantial premium.
msbl act as retained agent for Fat Face.
msbl secures Oxford relocation for Fat Face
22nd August 2007
msbl acting on behalf of retained client Fat Face has acquired a prime unit at 19/20 Cornmarket Street, Oxford. The existing store at 4 George Street, is being marketed by MSBL.
The newly acquired property consists of 2 trading floors and totals circa 4,865 sq ft and is held on a lease expiring September 2010 at a rent of £317,500.
The property was acquired from Miss Selfridge who were advised by CBRE. Fat Face paid a premium for the lease.
msbl act as retained agent for Fat Face.
For further information on Fat Face go to www.fatface.com
msbl acquires shop in Tavistock for Fat Face
22nd August 2007
msbl acting on behalf of retained client Fat Face has acquired a new unit in Tavistock. The former Cornmarket on West Street has been taken on a new 10 year lease at an initial rent of £47,500 pa.
msbl acted for Fat Face whilst the Landlord, Wessex Heritage was advised by Alder king.
msbl act as retained agent for Fat Face.
For further information on Fat Face go to www.fatface.com
Arcadia 450,000 sq ft Cambridge development
3rd July 2007
The Grand Arcade Partnership (GAP) – a joint venture between Grosvenor and Universities Superannuation Scheme (USS) – has announced the first phase of signings for its 450,000 sq ft Cambridge Grand Arcade development, the first major scheme in Cambridge for more than 30 years and which opens in spring 2008.
Arcadia will take a 25,000 sq ft flagship store for its leading edge Topshop and Topman brands. The store will be the second largest in the development, allowing Arcadia to significantly increase the space currently occupied by Topman and Topshop on Petty Cury in Cambridge. The two brands will share the unit making use of retail floor space on three levels with mall presence on both the ground and first floors.
The deal with Arcadia also includes a 4,000 sq ft unit for Wallis which will be located on Grand Arcade’s upper floor.
Neil Barber, Head of Retail Leasing at Grosvenor, said:
"Arcadia is a great deal. It reflects our belief that major retailers recognise the opportunity offered by Grand Arcade to capitalise on the potent demand from high-spending shoppers from Cambridge and the outer catchment."
Arcadia was advised by Mortlock Simmonds Brown Leverett. GAP was advised by Jones Lang LaSalle & Savills.
For further information contact Steve Brown, Director, MSBL - 020 7101 6720
msbl acquires 14-16 Northcote Rd, Clapham SW11 for Fat Face
8th May 2007
msbl acting on behalf of retained client Fat Face has acquired a double unit 14-16 Northcote Road in Clapham London SW11. The existing store (77 Northcote Road) will continue to trade as Fat Face and will be branded as Fat Face Kids.
The newly acquired property consists of 2 units totalling circa 2,000 sq ft at ground floor.
One of the units was taken on an assignment from Nicolas Wine Merchants and the other was taken on a new lease from the landlord (a private individual).
msbl act as retained agent for Fat Face.
For further information on Fat Face go to www.fatface.com
Msbl Acquires Llandudno Unit for Viyella
1st May 2007
msbl acting on behalf of retained client Viyella has acquired Unit 32, Victoria Centre, Mostyn Street Llandudno.
Viyella has taken a 10 year lease on the ground floor area of 1,874sq ft. The passing rent is £53,500 per annum.
The Landlord is Axa Sunlife Holdings. The Landlord’s agent was Kennymoore.
msbl acts as sole retained agent and property manager for Viyella.
