BGP Connects EP5

Evie North

BGP connects Episode 5

“Houses close to streets full of independent retailers sell for 20% more” evening standard

On our next instalment of #BGPconnects Evie North speaks to Chris Daly of Greenland U.K.

They discuss the rising trend of London Neighbourhoods, the impact covid-19 had on this trend and more specifically on the evolution of The Ram Quarter.

 

10 Days to go

Thea Rowe

We reported in our trends of 2021 about the rise of the neighbourhoods, and we’ve seen this trend to continue to grow throughout the year. There’s few better examples then our letting to Josh Katz for his new ‘grown up’ concept Carmel on Lonsdale Road, Queens Park. Marketing of 25 Lonsdale Road…

11 Days to go

Evie North

The future of retail destinations will be defined by the quality of experience. TOCA is a great example of the evolution of retail. A new 40,000 sq ft entertainment venue that boasts state of the art technology through its ball tracking, high quality food and generous drink offering is set…

12 Days to go

Tracey Pollard

The evolution of the retail and restaurants @ haysontheriver_Se1 got underway this year with a summer pop up run by the wonderful team at Bermonseybarkitchen. Due to its continued success, it has morphed twice, once into an autumn designed pop up and now into the most stunning festive winter bar. …

13 Days to go

Thea Rowe

22 Bishopsgate is newest addition to the London Skyline and an incredibly memorable project to be working on.

2021 has seen the opening of this ‘vertical village’ where the office occupants will have access to everything under one roof. From grab & go food to a restaurant, gym to a wellness retreat, all within the 61 floors.

We’ve seen the opening of the 22,000 sq.ft market secured by Woody Bruce on behalf of axa. Offering the occupants of 22 access to various kiosk style food options, coffee by the gentleman’s baristas,  a wine bar and a restaurant with terrace. Brought to you by Rhubarb.

We’ve also announced the recent letting to BXR on the 25th floor, secured by Charlotte Roberts, providing a workout with views for days!

And there’s more news to come in 2022 for levels 41 and 58-61. Watch this space

Contact Woody, Charlotte or Thea  for enquiries.

Film credit Alexander James TAIOkay

https://www.instagram.com/p/CXYJ-B0IUAK/

 

 

 

 

Leisure Investment Market

Andrew McGregor

Activity in the leisure investment sector has been slow to say the least. Yes, hotels and pubs have recovered quickly as an asset class, mainly driven by long leases and/or underlying residual values, but the more typical cinema-anchored schemes have been completely overlooked, and almost certainly “over-sold”. Consumer spending would…

Interiors

Charlotte Roberts

The past two years have brought about a number of notable changes in our lives; our homes transitioned into our offices, gyms, and social hubs (albeit over Zoom). This time spent at home has influenced the interior & design industry as we are far more conscious of the spaces we…

The Maine – 6 Medici Courtyard

Woody Bruce

The fashion set are back partying and The Maine, Hanover Square was the place to be seen. Whilst not opening to the public until the 15th November, The Maine played host to the British Vogue’s and Self-Portrait party last week, guests including the  brand’s newest campaign star, supermodel Irina Shayk and…

BGP Connects EP3

Lucy McGowan-Scanlon

We’ve seen an acceleration in the number of pop-ups in the last 18 months, with many Landlords now more open to considering shorter lease terms, this maybe as a result of the increase in voids, an understanding of the power of their marketing potential or as part of a rates mitigation strategy.

From a brands perspective, pop-ups provide a great opportunity to expand their reach, particularly as digital coverage has become so competitive, as well as allowing them to showcase new products, so we are seeing a wealth of interest in our pop-up opportunities.

Lucy McGowan-Scanlon worked with several BGP clients to secure exciting pop-up tenants and for Episode 3 of BGP Connects she talks to Laura Fernie and Tom Atkinson from TFL.

Well ahead of the trend, TFL were pioneers of the pop-up with the activation of Old Street Roundabout in 2014, so Laura and Tom offered a valuable insight into the merits of this developing sector.

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…

Tattu announces expansion into London

Rupert Bentley-Smith

Independent restaurant group Tattu has confirmed its expansion into London and will open its fifth site at Outernet’s The Now Building located in the heart of the city on Denmark Street this winter. Established in 2015, the group opened its first restaurant in Manchester’s Spinningfields district, followed by sites in…

Who wants to be transported to Cuba?!

Thea Rowe

La Rampa is the newest addition to GPE’s Market Place, W1 curtesy of the fantastic MJMK.

Bar La Rampa recreates the atmosphere of 1950s Havana with the fabulous cocktail menu developed by @mr_marcis and the food menu by @tata_eatery; a combination that doesn’t disappoint!

It’s been great to see how many independent brands have taken the last 12 months to develop concepts and open out of lockdown with a bang. We can’t wait to spend more time in this slice of Havana heaven!

Thea Rowe of BGP acted on behalf of GPE and Rich Willcox, Etch acted on behalf of MJMK.

Where have all the commuters gone?

Victoria Broadhead

Although the country is now recovering from Covid 19 and we are getting back to some normality will we go back to the way it was? This obviously depends who you work for, the BBC questioned 50 of the UKs biggest employers and some 43 of these firms said they…

Boom: Battle Bar secures site at Ram Quarter Development in Wandsworth

Sophie Moorcroft

Boom: Battle Bar, the adventure bar concept from the team behind adventure park franchise Flip Out, has secured a site at the Ram Quarter development in Wandsworth, south London. The company has agreed a deal with developer Greenland UK to join the scheme, which is seeing the former home of…

Moving beyond court action

Landlords can’t just rely on the courts
Dan Taylor

Recent court decisions that have found in favour of landlords seeking rent arrears should not be seen as the only way forward in terms of repairing retail property revenue flows.

It’s certainly too early for landlords to be celebrating unreservedly: in the instance of the most high-profile decision – which saw Westfield make a claim against The Fragrance Shop – there is a possibility that the High Court decision could be appealed.

It would be worrying if landlords saw the courts as the only remedy as it would be against their best interests. While the recent case decisions may have many landlords calling their lawyers, it needs to be remembered that making court claims for non-payment of rent is going to be a hazardous and protracted process. On a practical level, the courts are likely to be jammed with cases for many months and even then, there’s no certainty of getting a result.

Yes, there will be instances where there has been an irretrievable breakdown between the landlord and the occupier and it will be ‘see you in court’. But from a wider perspective, landlords need to be looking at their overall strategy to mend the financial damage caused by the pandemic and the exacerbation of the problems that were already facing the retail sector.

Base and turnover leases can help, but only if you can do the affordability modelling which gives you a feel for what different types of occupier can turnover in any given unit and location.  You want rents to be sustainable for the occupier and in line with what their revenues are: this protects both positions.  In this context, we created an affordability model for restaurants pre-Covid which we have developed further across various F&B sub-sectors and leisure uses.

Sharing risks and rewards greatly enhances the occupier and landlord relationship and brings more coherence to asset strategy. Winning in court may be a ‘jam today’ remedy for landlords, but it doesn’t address the longer-term issue of creating sustainable rental income.

Dan Taylor, Head of Lease Advisory was featured in Property Week talking about the challenges of lease resolutions.

 

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…

Post locakdown – What’s the future for retail?

Tracey Pollard

With the opening on non essential retail in a few days, we will see a raft of new store openings, many of which have been in the pipe-line long before COVID 19. One of the first new openings on our list to visit, will be Browns Brook Street, an 8,000…

Attracting Generation Z

Sophie Moorcroft

Acting on behalf of Hammerson, Bruce Gillingham Pollard have secured three new lettings to Wingstop in Bullring, Birmingham, Cabot Circus, Bristol and Oracle in Reading. Wingstop opened their first London site on Shaftesbury Avenue in the West End in 2018. With 1,500 branches in the US, they are now set to…

How will stores adapt and change to combat the challenges of the High Street?

Jamie Orme

It’s been a view of mine, for many years, that high street stores and in particular, retail stores, are varying degrees of the same, yes, we occasionally see a brand try to be different and offer something alternative to the customer, but in the main, the environment is all focused on product and selling.

Sales and profit have been the pillars of the industry for many, many years.

The past 12 months have arguably been the most challenging retail environment, the high street has ever faced, with huge numbers of stores either closed, or set to close and this is across all sectors, fashion, lifestyle, leisure, food, health & beauty. No sector has been immune to the challenges we face and we’re still faced with.

Yes, some food stores have traded well, possibly even thrived, over the past year but that has been in large part due to the fact that they’ve been the only option available, when the supermarkets have to compete again with restaurants and leisure operators, they will feel the competition and it will have an affect on their performance.

I work closely with a number of retailers, across a number of sectors, advising them on all elements of their property portfolios, from initial strategy to acquisitions and beyond.

One of my major thoughts over the past 12 months, is how can the brands I represent, improve their customer experience and enhance the brand performance.

Fred Perry, one of the most iconic and globally recognised brands, have been visionary with their views here, they have worked incredibly hard, to try and fully understand, what is it that their customers wants from the store experience, how can the physical presence of a store work beyond that of the online business, which is extremely successful.

They have looked hard at brand engagement across their portfolio of stores, have carried out works to evolve their properties to become not only places to retail from, but for people to go and enjoy spending time in, regardless of whether they are shoppers or not.

They want people to understand and engage fully with the Fred Perry brand and most importantly their culture, which has always been a corner stone of the business.

The creation of the ‘Fred Perry museum of culture and youth’ showcases this view point perfectly. They have removed existing sales space from their Camden store, and have invested in showcasing the heritage of the brand, telling the story and history of where it’s been and how it’s got to where it is, which is not only fascinating but something which creates a sense of understanding and ultimately loyalty from the customer, because they in turn become invested into the culture and brand as a result.

Whilst Fred Perry are not alone in experimenting with new ways to engage the customer, I do feel that their strategy will be hugely successful for them and will create a further legacy which they will continue to enjoy and benefit from.

It’s going to be fascinating how other brands look at evolving over the next 12 months and beyond, because simply selling product is no longer enough.

Restaurants and Leisure – building anew

Rupert Bentley-Smith

Worst-case scenarios don’t come much more legitimate for restaurant and leisure businesses than repeated forced closure, for indefinite periods of time, with the outlook changing week to week leaving very little scope for any strategic planning on how to reopen. Locked down and shut down, and without any clarity of…

Rosa’s Thai Cafe to make Midlands debut alongside Vinoteca and Dishoom

Victoria Broadhead

Rosa’s Thai Cafe will open its first Midlands restaurant at Paradise Birmingham later this year. The London-based company will launch its latest venue at Two Chamberlain Square. The 80-seat restaurant will be open for lunch and dinner seven days a week. Rosa’s Thai Cafe chief executive Gavin Adair said: “The offer at Paradise was too good an opportunity to miss and we are extremely happy with the setting of our new restaurant overlooking Centenary Way. We can’t wait to welcome Brummies into our new space later this year and look forward to showing them our authentic, award-winning Thai food.” Rosa’s Thai Cafe becomes the third new restaurant to commit to Paradise. Indian-Irani cafe Dishoom opened on the ground floor of One Chamberlain Square last spring, while Mediterranean wine bar and restaurant concept Vinoteca is also taking space at Two Chamberlain Square. Rob Groves, regional director of Argent, development managers for Paradise, said: “We’re confident Rosa’s Thai Cafe will be a sure-fire hit. With Rosa’s joining the previously announced Dishoom and Vinoteca, we are very proud Paradise is now bringing a broad range of great, new restaurants to the city.”

For further information please contact Victoria Broadhead

Gordon Ramsay Street Burger now open at One New Change

Tracey Pollard

For great food at exceptional value, head to Street Burger, St Paul’s. Joining Bread Street Kitchen, this is the second venture by Gordon Ramsay at One New Change and offers a signature burger, seasoned fries and unlimited soft drinks for £15. Tracey Pollard, who acted for Land Sec said “…

Welcoming London florist McQueen’s to North Audley Street

Lucy Cope

It is great to welcome internationally renowned London florist McQueen’s, a global name in luxury floral design to North Audley Street just in time for Christmas. Their flagship store situated in the heart of the West End will be the UK’s largest floral emporium. The 2,500 sq ft store will…

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