BGP Connects EP1

Tracey Pollard

“Nothing will benefit human health and increase chances for survival of Life on Earth as much as the evolution to a vegetarian diet” Albert Einstein

Download the first of our series of 10 Podcasts celebrating our 10th anniversary, where the Bruce Gillingham Pollard team share insights and interviews with our friends across the worlds of fashion, restaurant, health and leisure.

In this podcast Tracey Pollard MRICS meets Sam Anstey MD of Mildreds Restaurant where they discuss the growth of vegetarian and vegan food; the Mildred brand, and its developments over Covid and how you evolve a 33-year restaurant to suit a growing and changing audience.

 

Albert’s Schloss – Paradise, Birmingham

Victoria Broadhead

Mission Mars, the north west bar and restaurant operator led by Roy Ellis, is set to open a second Albert’s Schloss site, Paradise, Birmingham. The Bavarian beer hall concept joins the impressive line up of Vinoteca, Dishoom and Rosa’s Thai – which have all committed to opening at the £700m…

With a number of the BGP team having been loyal Daniella Draper customer’s since the beginning of their journey, we are super excited to be retained by them to secure their first permanent store in London

Lucy Cope

Daniella Draper is a British, multi award winning jewellery brand who recently celebrated their 10 year anniversary. Daniella graduated with a degree in jewellery design from central St Martin’s in 2009 and returned to her home roots of Lincolnshire to start her business. Daniella, Della & Holly are a tight…

Hong Kong K11 Musea – The Outernet

Anna Bourgeois

At the beginning of 2020, I was lucky enough to visit Hong Kong’s K11 MUSEA  ‘Art Mall’ concept. Opened in 2019, the ‘art mall/museum’ overlooks Victoria Harbour, and the beautiful red sail junk boats which are so iconic to Hong Kong. It sits amongst the busy Tsim Sha Tsui district,…

Bruce Gillingham Pollard acquire Marks & Spencer’s flagship Cardiff store for £23.25m on behalf of Topland

Jack Barratt

The store occupies a prime position at 72-76 Queen Street in the heart of the city centre and is uniquely let to M&S PLC for a further 135.5 years. M&S has occupied the building for over 80 years.

This acquisition reflects a net initial yield of 6.42% and a capital value of £194 per sq. ft.

Jack Barratt of Bruce Gillingham Pollard comments “Queen Street Cardiff is still one of the busiest regional high streets in the UK, and with a unique 135 year lease to Marks and Spencer Scottish Limited Partnership we have acquired for a yield I would never have imagined seeing in any use class, especially on this street. Retail remains an investible property class, albeit one that now requires far greater analysis than in the past, given all retailers are getting tarnished with the same brush. M&S remain a top 3 non-food retailer, behind Amazon and JLP, and these types of assets are great counter-cyclical plays, especially when you have 100+ years left on the lease as we do here”.

Bruce Gillingham Pollard advised Topland, while the vendor, M&G, was represented by Knight Frank.

RIXO’s first bridalwear store at 75 Elizabeth Street

Lucy Cope

Super excited to have worked with Henrietta Rix and acted on behalf of my client Grosvenor Group in securing RIXO’s first bridalwear store at 75 Elizabeth Street which opened earlier this week! This will be the only RIXO bridalwear boutique, stocking their limited edition capsule collection of 26 pieces. The bridal collection is split into two themes,…

10th birthday

Tracey Pollard

As part of our 10th birthday celebrations we asked some of our team what Bruce Gillingham Pollard meant to them, these are some words used to express our business. Some liked the energy, ambition, passion and drive to collaborate and innovate. Others mentioned the incredible talent found within the business,…

An iconic Shoreditch venue reborn launching Spring 2021

Rupert Bentley-Smith

April 2021: Nearly a decade since it was last enjoyed, a historic site in the heart of Shoreditch reopens under new independent ownership. Within the former Victorian ‘Great Eastern Light’ power station, long- standing Hackney residents Morten Jensen, Darren Collins and chef Johnnie Collins present The Light Bar. With  lovingly…

Celebrating 10 years

Woody Bruce

10 years ago today I co-founded Bruce Gillingham Pollard and today we are a business of 26 amazing people, offering a full global service for Landlords and occupiers and have firmly established ourselves as the premier independent retail and leisure agency.

We have genuinely changed places and created whole new destinations.  We have made great friends across the industry with long standing trusted relationships.

As I write our entire consumer base has been forced to close and we’ve all been subject to extreme restrictions. So what’s next…

Tomorrow doors finally start to reopen.  During the past year BGP has worked tirelessly to manage the chaos that has inevitably surrounded our industry and I’m hugely proud of the achievements we have made as a team.

Most importantly we have all learnt, trained and prepared for the future after COVID.  BGP is what I like to call battle ready!

As the gates open tomorrow morning, the sun will shine again, the crowds will roar and BGP will walk out ready for the fight.  We’ve never been more excited for the opportunity to impact how our high street and retail centres evolve – that satisfaction of creating places (and most importantly the team celebrations!).

It’s going to be an absolutely belting next 10 years, we are just getting started.

We thank all our clients and friends within the industry for their support and I extend personal thanks to Tracey and Rupert the team, past and present, without whom BGP wouldn’t be strength of business that it is.

COVID secure celebration party to follow shortly!

 

Mentoring Circle – Close the gender gap in property

Tracey Pollard

Bruce Gillingham Pollard have always been at the forefront of nurturing their young team and when MD Tracey Pollard was asked to participate in the Mentoring Circle, she said yes immediately. We talk to founder Vanessa Murray prior to the official launch on International Women’s day, about why she felt…

Can cinemas breathe life into the leisure investment market?

Andrew McGregor

Don’t just listen to me, but it seems the streaming vs movie “battle” has found its equilibrium. Paramount Pictures CEO Jim Gianopulos and Disney CEO Bob Chapek have both recently stated that you can’t have one without the other. Big screen drives big franchises, which in turn drives streaming features…

Indian street food operator Mowgli to open in Brewery Quarter, Cheltenham

Victoria Broadhead

Given the past 12 months it has been fantastic to see operators like Mowgli continue to expand nationally, including in Brewery Quarter, Cheltenham. The Indian street food operator will be transforming the ex-Babel site and is due to open late Summer. Mowgli is a unique offer for Cheltenham and will…

BGP acquired 2 retail warehouse parks in December 2020 for Brydell Partners for a combined price of £16,900,000.

Andrew McGregor

St Peters, Burton on Trent – purchased for £5.50 million reflecting a net initial yield of 8.65%, let to Dunelm, Pets at Home and Halfords (WAULT 5 years);

Four Pools, Evesham – purchased for £11.40 million reflecting a net initial yield of 8.40%, let to The Range, Halfords, Pets at Home and Pure Gym. Also 2 lettings to complete to Subway and Greggs.

The acquisition reflects an increasingly active out of town market for smaller schemes (sub £15m), let to “COVID-successful” tenants, with strong occupier credit and relatively low/re-based rents.

For further information, please contact Andrew McGregor

Diversity of Instructions

Emily Dumbell

One of the key strengths of Bruce Gillingham Pollard, is our range of clients and the diversity of the projects we work on. These instructions stretch from standalone shops and restaurant units, to large development projects nationwide. We work on established shopping centres, as well as successful Estates and our…

What a year!

Tracey Pollard

We just wanted to thank our amazing team, clients, the retailers and restaurateurs we work with every day for their continued support and trust. The BGP team has demonstrated determination and resilience, and our strong sense of team work has been more apparent than ever.  Whilst we have all experienced…

Bruce Gillingham Pollard have advised an overseas client on the recent acquisition of COS in Guildford’s High Street

Jack Barratt

Whilst there is an underlining negativity around retail property, this market sentiment has led to the creation of opportunities for our clients. With a strong retail background, they are acutely aware of the growth in retail sales in many market towns and as such are keen to expand more within this area.

Jack Barratt of Bruce Gillingham Pollard says “this sector merits more attention, as many high streets located in affluent commuter environments have remained busy throughout the lockdown periods. Our leasing teams are seeing a shift in operator demand for locations such as Guildford and as such it presents a strong story for our investor base given the fundamentals”.

Speak to Jack Barratt in our investment team for details on our overseas client requirements .

 

Trends 2021

Tracey Pollard

It was interesting to see Reiss announced they were starting to sell War Paint For Men. The make-up brand which challenges masculine stereotypes will offer its tinted moisturiser, primer, bronzer, concealer and beard and brow gel online and will have in store presence in 15 of Reiss’s UK stores and…

Bruce Gillingham Pollard advise on Chichester acquisition

Jack Barratt

Bruce Gillingham Pollard are delighted to have advised an overseas client on the recent acquisition of Lloyds on East Street, Chichester.

The property is let to Lloyds Bank Plc for a further six years. This acquisition highlights our clients’ appetite for countercyclical opportunities that offer an attractive yield, are of high quality and are located within good geography.

Chichester, and other similar affluent cathedral Cities, have benefited from the trend in shopping local and thus we foresee prime locations such as this performing well over the long term.

Thanks again Patrick Over and team at Green & Partners Investment.

Speak to Jack Barratt in our investment team for detail on our overseas investments.

Welcoming Rixo to St John’s Wood High Street

Lucy Cope

It is great to welcome London based fashion label RIXO to St John’s Wood High Street this week who have opened a pop-up boutique for 12 months. The 500 sq ft unit will feature their first ever RIXO hand painted collection that was launched in 2015 to celebrate their 5th…

So, is this the vision of future shopping habits?

Andrew McGregor

So, is this the vision of future shopping habits? What might have been a 5/10 year vision 12 months ago, COVID 19 has accelerated the move to a more “omni-channel” experience. The Issa Brothers and TDR’s acquisition of ASDA came with this idea – no longer a behemoth store with…

We spend so much on our physical well-being why shouldn’t we take as much care of our mental well-being?

Thea Rowe

Mental health awareness has been on the rise over the last few years. We are seeing mental health being spoken about more and more. Celebrities are speaking out and we are beginning to take away the stigma of mental health by being encouraged to talk about it more.

Arguably mental wellness is more important than ever. Covid 19 has had a detrimental effect on so many people’s mental health largely due to the change in routine and lack of social contact. We were incredibly lucky at BGP, being such a family like company we were all in contact three times a week, for a sociable catch up via teams which helped to keep some sort of normality. Since being back at the office we were all acutely aware of how the routine and face to face human interaction is so important. However we are fortunate to be in such a position, so many have struggled with the shift to the more insular and digital life which seemingly will continue until next year at least.

Last year I began working with mental well-being specialist The Soke (pictured) to help them acquire their first site. I am so proud to have secured them the former David Fielden in Chelsea. They have completely transformed this building and the incredible fit out and attention to detail completely transforms your pre conceptions of how you think a mental wellness clinic looks. It’s welcoming, stylish and approachable; which is exactly what all of our approach to mental wellness should be. We spend so much on our physical well-being why shouldn’t we take as much care of our mental well-being?

The Soke opened their doors earlier this week to clients. Psychotherapy, psychiatry, counselling and coaching “in an environment created for your emotional comfort”

Thea Rowe is The Soke’s sole retained agent.

Stockton Shopping Park – sold for £9.5million reflecting 9.4%

By Andrew McGregor

Invest in Out of Town Does the sale of Stockton Shopping Park mark a watershed for the Out of Town investment market? Sold this month for £9.5 million reflecting a net initial yield of 9.4%. This scheme has a WAULT of 6.5 years and an average rent of £7.56 psf.…

*INTERNSHIP*

BGP are seeking an intern to join us for 6 weeks from 1st September 2020 to work within our leasing team. We are interested to hear from candidates from any background and property experience is not necessary. Key attributes required: * Independent thought * Strong communication skills * Tenacity *…

Bruce Gillingham Pollard promotions and new appointments

by Woody Bruce

Bruce Gillingham Pollard are delighted to announce the promotion of Dominic Tixerant to Associate Director and the appointment of Nick Goodman as Consultant. Dominic joined in 2016 as part of the annual graduate intake, passed his APC in 2019 and subsequently has risen to become a key member of the…

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