Redevco Completes Deals With Pizza Express And Jo Malone At Glasgow’s Princes Square

May 28, 2012

Redevco United Kingdom secures two new deals following multimillion pound renovation of aspirational Scottish shopping centre.           

Redevco is to boost its casual dining offer in Princes Square with the introduction of Pizza Express, who will open in the Glasgow centre early next month. The move follows the completion of the € 9.3 million( £7.5 million) refurbishment of Princes Square, which is off Buchanan Street. Pizza Express will open a new restaurant in the courtyard of Princes Square in June. It has signed a 25 year lease for the scheme and will pay a commencing rent of approx. € 125,000 per annum (£100,000).

Meanwhile Jo Malone, which was already a tenant within Princes Square, has extended its lease by a further 10 years at a rent of approx. € 124,000 per annum (£99,750).

Andrew Foulds, Portfolio Director at Redevco, said: “We are very excited to introduce Pizza Express into one of the two casual dining floors in Princes Square. Pizza Express are a proven footfall generator with a strong appeal across the demographic spectrum.

Jo Malone have been an important retail brand within the scheme for several years and their reiterated long term commitment to Princes square underlines the premium retail credentials of the centre.”

Cushman & Wakefield ad CWM advised Redevco. Pizza Express was unrepresented while Jo Malone was advised by Lambert Smith Hampton.

-ends-

Latest News

THE BOUTIQUE WORKPLACE COMPANY SIGNS PARTNERSHIP AGREEMENT WITH PRIVATE LANDLORD AND EXPANDS ITS NETWORK OUTSIDE LONDON

November 24, 2020 - 10:35

The Boutique Workplace Company is to open two new flexible workspace offerings in Kingston-upon-Thames and Wantage in south Oxfordshire after signing a partnership agreement with a private landlord. T[...]

+ Read More

PLANS FOR LEISURE WORLD REGENERATION SUBMITTED TO SOUTHAMPTON CITY COUNCIL

November 24, 2020 - 10:31

Sovereign Centros, the development manager for the proposed regeneration of Leisure World in Southampton, has submitted an outline planning application for one of the city’s most significant regener[...]

+ Read More

ARLINGTON EXPANDS OXFORD BUSINESS PARK OWNERSHIP WITH SPIRES HOUSE ACQUISITION

November 24, 2020 - 10:25

Arlington has continued to consolidate its ownership at Oxford Business Park by acquiring Spires House, a 49,421 sq ft multi-let office building from Harbert European Real Estate. Also known as Buildi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR