Redevco Announces Two Further Deals For Glasgow’s Princes Square

September 20, 2012

Redevco UK secures two new retailers for Buchanan Street, as a further boost for the Scottish city following the multimillion pound renovation of Princes Square

Redevco has announced two new retailers for Buchanan Street in Glasgow, which forms part of its Princes Square premium retail shopping centre.

Shoe retailer Office is upsizing to a new 3,600 sq ft unit at 50 Buchanan Street adjoining its current store. The retailer will pay a rent of £379,100 after signing a new 10 year lease for the site.  Meanwhile shirt retailer Charles Tyrwhitt has signed a new ten year lease for 54/56 Buchanan Street. The store is the second Scottish store for the shirt maker and will open on November 8. The store will comprise 2,705 sq ft of retail space, including a 1,200 sq ft retail floor.

The new Buchanan Street signings follows the announcement earlier this year of new deals for the newly refurbished Princes Square. Pizza Express opened a new restaurant in the courtyard of the centre in the summer paying a £100,000 pa rent on a 25 year lease. Jo Malone meanwhile signed a new 10 year lease for its existing store, paying a £99,750 PA rent.

Andrew Foulds, Portfolio Director at Redevco, said: “Following our two strong lettings in Princes Square earlier this year which concluded the multimillion refurbishment of the centre we are delighted to be further boosting the retail offer in the neighbouring Buchanan Street with the announcement of these new deals for Glasgow.”

Redevco were advised by Cushman & Wakefield on Princes Square. Charles Tyrwhitt were unrepresented and Office were represented by CBRE.
                                                                                                                                                                                                                                                                                                                                                                                                     –ends-

Latest News

REDEVCO APPOINTS NEW ASSET MANAGER FOR THE UK

February 12, 2025 - 14:08

Redevco, one of Europe’s largest privately-owned real estate managers, has appointed Lauren Chew as an Asset Manager in its UK team. She will be responsible for the asset management of Redevco’[...]

+ Read More

KLM REAL ESTATE APPOINTS TWO NEW ASSOCIATE PARTNERS

February 7, 2025 - 14:24

KLM Real Estate has promoted James Williamson and Henry Gittins to Associate Partner. James joined in 2021 and works in the firm’s retail and leisure agency team acting for landlord clients such as [...]

+ Read More

HATHAWAY DEVELOPMENTS SECURES THIRD PRIME DEVELOPMENT SITE IN 18 MONTHS

February 6, 2025 - 12:00

Hathaway Developments has secured its third logistics and life science scheme in 18 months further expanding its development pipeline to almost 200,000 sq ft with a GDV of approximately £10[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR