News / Deals

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Scarborough

Category: Latest Deals, General, 

Scarborough Sparkles 

On behalf of clients Fawley Watson Booth have acted in the re-letting of prime shop units at 1 and 20 Westborough, Scarborough to Pandora and Warren James Jewellers respectively. 

St Johns trio

Category: General, 

On behalf of Hermes Investment Management Fawley Watson Booth has agreed to terms to let units in St Johns Shopping Centre, Leeds to Yours, Romans and Evolution.  Details of remaining units contact Michael Fawley or Matt Bredin at Fawley Watson Booth.

Double Deal with Ed’s

Category: General, 

Double Deal with Ed’s

Ed’s Easy Dinner will shortly be opening in The Bridges Shopping Centre, Sunderland and The Lanes, Carlisle.  Lettings agreed on behalf of Land Securities and F & C Reit by Fawley Watson Booth.

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Next upsizes in Bolton

Category: Shopping Centres, General, 

On behalf of Inception Holdings Fawley Watson Booth have agreed terms to double the size of Next’s in town representation in Bolton by relocating the retailer in a new 16,500 sq ft store as part of a £19 million pound of upgrading of Market Place Shopping Centre. 

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Party On ........

Category: Latest Deals, Valuations & Lease Advisory, General, 

Fawley Watson Booth have concluded the negotiations on behalf of the tenant to renew the lease on Party Town’s shop on Ecclesall Road in Sheffield.  Head of Lease Advisory Martin Foster confirmed that the tenant will benefit from a reduction in the rent from £22,500pa to £17,750pa – “the local students can look forward to buying their Freshers’ Week outfits for another few years yet”.

Party Town

 

 

Braehead completes trio of Glasgow acquisitions

Category: General, 

Acting on behalf of Van Mildert (Lifestyle) Limited Fawley Watson Booth has acquired Unit 109 in Braehead being a 3,815 sq ft prime retail unit.  

The deal follows on from recent acquisitions on behalf of Van Mildert at Silverburn Shopping Centre and, for their sister company, Cruise at Glasgow Fort Shopping Park.

Work Begins to transform Market Place, Bolton

Category: General, 

Building work to deliver the transformation of Bolton Market Place Shopping Centre is steaming ahead. 

The beautiful historic market hall will be transformed within the next 12 months into a place for families, shoppers and visitors to Bolton to enjoy – a stylish retail, restaurant and leisure destination like no other in the North West.

Philip Dove of The Light Cinemas, the cinema operators, said:  “This is one of the most exciting cinema projects we are currently involved in, not only in the UK but in Europe, this will truly be a different cinema experience and will give Bolton something to brag about”.

 

Crossgates Shopping Centre – Lettings

Category: General, Shopping Centres, 

Jack Fultons trading as Frozen Value have relocated into substantially larger premises in Crossgates Shopping Centre taking the former Blockbuster unit on Station Road.   Their current premises have been re-let to Pound Bakery – Fawley Watson Booth are letting agents for Praxis.

Barnardos – Double Letting

Category: General, Shopping Centres, 

Acting as letting agents on behalf of Wesley Square Shopping Centre, Goole and Beaumond Cross, Newark.  Fawley Watson have agreed letting to Barnardos.

Carlisle – Lanes Lettings

Category: General, Shopping Centres, 

Warren James Jewellers have agreed to relocate within the Lanes to a prime corner unit at 12/14 Globe Lane and upmarket jewellers Peter Jackson have agreed to extend their lease through to 2022. Fawley Watson Booth act on behalf of F & C Reit on The Lanes Shopping Centre, Carlisle.

Bolton Planning Consent Secured

Category: General, Shopping Centres, 

Fawley Watson Booth’s clients Moorgarth have secured planning and listed building consent for a £15 million development and refurbishment of Market Place Shopping Centre.  Boltz  Construction will shortly providing a 9 screen cinema and the opening up of the Victorian Vaults below the shopping centre as a new restaurant and bar destination.

Dilapidations valuations

Category: Valuations & Lease Advisory, General, 

The amount claimable under a dilapidations claim doesn’t always equal the cost of the works needed to deal with the defects.  Section 18(1) of the 1927 Landlord & Tenant Act restricts the claim to the amount of the landlord’s loss, or diminution in value.  This valuation approach to claims is explained in an updated Information Paper issued by FWB, which you can download here.

Our Head of Lease Advisory & Valuation, Martin Foster also refers to a case from last year, where the court dismissed “finger in the air” valuations and called for a “reasoned” approach, concluding that the correct valuation approach produced a claim of £900,000 as opposed to the cost of works approach of around £3m.

Contact Martin for more details, or help formulating a reasoned approach to your dilapidations valuations.

Sunderland renewals

Category: General, Shopping Centres, Valuations & Lease Advisory, Latest Deals, 

Fawley Watson Booth can confirm that two more tenants have recently completed lease renewals at The Bridges Shopping Centre. Supernews and Lonsdale Boxing, both in external units on Market Square and Crowtree Road respectively, have both signed 5 year leases.

 

Head of Lease Advisory Martin Foster, who negotiated both deals for landlord Land Securities plc, commented “The Bridges has maintained strong occupancy levels throughout the downturn of the last few years, and the 5 year leases demonstrate retailers’ confidence in The Bridges as Sunderland’s pre-eminent shopping location as the economy moves into recovery phase”.

Fawley Watson Booth also act as joint leasing agents for the landlord.

 

Met Quarter Appointment

Category: General, 

Fawley Watson Booth are delighted to have been instructed as letting agents on behalf of Insight Retail Asset Management on the 130,000 sq ft Met Quarter, Liverpool located in the heart of Liverpool city centre.  The Met Quarter houses a unique range of high end retailers and restaurants with tenants including Armani Exchange, MAC, Jo Malone, LINKS, Kurt Geiger, IIIamasqua, Paperchase, Carluccio’s, All Saints, Hugh Boss, Gieves & Hawkes and Jack Wills.

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Silver Screen for Market Place

Category: General, 

Bolton’s Market Place Shopping Centre has selected the Light Cinemas to operate a 9 screen multiplex cinema which is scheduled to open in early 2015.  Planning approval for the cinema has been obtained and construction will begin within 6 weeks.  The Market Place multiplex is the fourth UK cinema deal by the Light Cinemas and will prove to be a very exciting and significant addition to the offer of Market Place. 

Fawley Watson Booth are letting agents on behalf of the shopping centre owners  Moorgarth Group.  

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Movember comes to FWB

Category: General, 

Jonny Peasgood has taken on the challenge of growing a moustache in the month of "Movember". Jonny is happy to support the movement to raise awareness of mens health issues , particularly prostate cancer and testicular cancer. Its early days but he is going strong.

 

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