November 1, 2011
Redevco secures two new lettings on Argyle Street in Glasgow. The company has secured stores for both Footlooker and The Gym.
Sports shoe specialist Footlocker will open a 3,000 sq ft store at 78 Argyle Street after taking a new 15 year lease and will pay a rent of £190,000 per annum. Meanwhile The Gym, a ‘pay as you go’ gym concept which is open 24 hours a day and is currently on a rapid expansion trail, has taken a 18,126 sq ft unit at 167 to 201 Argyle Street. The Gym has signed a 20 year lease and will pay a rent of £163,800 pa.
David Smith, investment director, of Redevco said: “These are two major lettings for our Argyle Street properties and will build upon the recent improvement in sentiment towards Argyle Street.”
Redevco was represented by Cushman & Wakefield. Footlocker was advised by Jones Lang LaSalle and The Gym by Cushman & Wakefield.
– Ends –