Redevco Signs Two Major New Tenants To Argyle Street, Glasgow

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.  

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