Land Secs says City shopping site all but full

first_img Show Comments ▼ Share Monday 6 September 2010 8:31 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof LAND Securities has managed to secure tenants for 96 per cent of its retail space in the One New Change shopping centre on Cheapside, over a month before the firm expects construction to end. The property developer said yesterday it is in talks over the remaining handful of units, which include the two rooftop cafes overlooking St Paul’s cathedral that Gordon Ramsey and Jamie Oliver rejected as being too small. The two restaurateurs have since signed deals elsewhere in the development, and will trade alongside around 60 other retailers in 220,000 square foot of retail space when the development opens on 28 October. Land Securities retail manager David Atcherley-Symes denied that fashion chains were just attracted to the Square Mile by the cheaper retail rents.“The lets include several shops such as Topshop which have always been looking for places in the City but have never been able to find a space big enough,” he told City A.M. yesterday. “Rents are obviously less in the City than they are in the West End, but the amounts we’re talking about reflect rents that were being paid on Cheapside two years ago.”He added that some shops have signed rent agreements that are tied to turnover, meaning they will pay less rent if sales are disappointing. “Some of the firms have never been to the City before, and they are a bit wary. To help them get over that we are sharing the risk, and we are confident in the strategy,” he said.FAST FACTS | LAND SECURITIESLand Securities is the biggest property company in the UK.It owns more than 29m square feet of UK real estate, including the landmark Piccadilly Lights building and the Ministry of Justice HQ. whatsappcenter_img Land Secs says City shopping site all but full whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img read more