February 11, 2009
Aegon Asset Management, represented by Jones Lang LaSalle, has re-let the former River Island shop at 9 Church Street, Liverpool to Boots, in what is a significant letting for the city’s traditional retail pitch.
Boots has taken the shop on a new 15 ½ year lease at a rent of £595,000 pa.
River Island surrendered its 20 year lease, expiring in 2018, at a passing rent of £530,000 pa.
Robert Darwen of Jones Lang LaSalle commented: “The continued presence of key retailers like Marks & Spencer and Top Shop in the city centre highlights that, even with the Liverpool One development close by, the centre is still a strong retail area with high footfall.”
Boots were advised by Savills and Keenan & Co advised River Island.