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…

Which came first the shopper or the shop?

Tracey Pollard

Whilst our neighbourhood and national sites seem to be buzzing and operator demand growing, our central London streets remain quiet. Without office workers and tourists, parts of Central London remain half open. This creates the latest decision facing operators; to open or not ? As they ask themselves is there enough footfall to justify opening and if not when will there be? It is like the age old conundrum, what came first the Chicken or the egg?

It’s a catch22.  Limited shops open, means there is less reason for shoppers to visit and spend. Less shoppers means people don’t want to open. If consumers are looking to physically shop they are more likely to visit prime central locations such as Regent St or Oxford St or a regional shopping centre like Brent Cross or Westfield London, which due to their size are likely to  provide more choice.

We chose our office location in Covent Garden due to the vibrant environment and the range of facilities available to our staff. Over the last few weeks, it’s the complete opposite, we have only 2 options nearby which are open to grab lunch and many of the shops remain closed. If this continues does it impact office lettings in the immediate area as well as landlords retail holdings?

Furthermore, if shops which are now allowed to open decide not to, Landlords may feel less inclined to help with any flexibility regarding rents.  So, this might add even more pressure to our operators. Without any changes to our social distancing rules and guidance from the government  regarding going back to our offices, it feels our central London shopping sites will remain in this strange limbo.

London’s new generation venues – more than just a music space?

by Dominic Tixerant

London’s night-time economy is estimated to bring up to £26billion into the UK economy this year – but it is undergoing drastic changes. Music venues and nightclubs, often the heart of communities and catalysts for culture and creativity, are facing unprecedented challenges, driven by urban redevelopment and the associated planning…

Otium Leisure acquire Robin Leisure Park in Wigan

The UK's first leisure park investment sale of 2020

by Rosie Higgins

Advised by our investment team, Otium Real Estate has purchased Robin Leisure Park in Wigan from a fund managed by CBRE Global Investors. The purchase was made at a price of £12.48m reflecting a yield of 8.3% off a net rental income of £1.107m per annum. The property extends to…

GDVs and the hidden values of placemaking with nightlife

Why developers should be smart in their quest for returns

Looking at traditional methods of development appraisal, the viability of a scheme is determined by financial models that evaluate schemes based on quantifiable information. With the drive in brownfield regeneration, cities are seeing unprecedented change with profits for residential developers are soaring. Many developers would acknowledge that the relationship between…

Design Vintage to open in Tunsgate Quarter

by Rosie Higgins

Design Vintage was founded in 2012 by interior designer, Lisa Brass who established the brand after having difficulty sourcing vintage and Scandinavian products for her clients. Originally from Brighton the brand now trades from a permanent store in Chichester and has had a number of pop-up stores in London. The brand sells a variety of sourced vintage pieces from across Europe paired with classic Scandinavian homewares.

The new store will occupy 4,000 sq ft on the first floor of the scheme which is directly accessible from Tunsgate. Design Vintage will join a line-up of aspirational homeware brands within Tunsgate Quarter including OKA, Loaf and The White Company.

Victoria Broadhead, Director at Bruce Gillingham Pollard, comments:

“Design Vintage are an established, independent brand with great product line, who know their customers well. They will be a superb addition to the quality retail and leisure occupiers currently trading within Tunsgate Quarter.”

Bruce Gillingham Pollard and Cushman & Wakefield jointly advise the landlord. For more information, please contact Victoria Broadhead.

BGP appoint ed on TFL’s Wood Lane Arches

We are instructed to lease 11 arches to retail and leisure operators from the first phase to be transformed.

by Rosie Higgins

The arches are part of TFL’s wider regeneration of 31 arches in the area for eating, socialising, shopping and working, as well improving connectivity. The site sits at the heart of the development between Westfield London and St. James’s White City Living, as well as nearby to Stanhope & Mitsui’s…

Endo at the Rotunda is awarded a Michelin Star

Endo at the Rotunda is a 16-seat restaurant located at the top of the landmark Television Centre, taking its name from the location and the internationally reknown Kazutoshi.

by Rosie Higgins

We were very pleased to see an emotional Endo Kazutoshi collect his first (of many, we suspect) Michelin star for Endo at the Rotunda at Television Centre at White City. Millie Edwards in our leasing team acted for the landlord of Television Centre, Stanhope & Mitsui on the letting which…

BGP buy One Tower Bridge for Redevco

We acted on behalf of Redevco who paid £70m for the benefit of the virtual freehold

by Rosie Higgins

The acquired asset comprises 83,000 sq ft of retail, restaurant and cultural space across 13 units with tenants including The Ivy, Vapiano, Sainsburys and The Bridge Theatre. The scheme was developed by vendors Berkeley Group and occupies a prime location on the south bank of the Thames with views of…

Karavan, Budapest

Simple food court concept with international cuisine in the Hungarian capital
by Harry Atcherley-Symes

I had a great first trip to Budapest in Hungary this summer and the city really surpassed my expectations. Whilst renown as a historical city and stunning old architecture to boot, the city also has its fair share of fun, vibrant youth culture and nowhere better illustrates this than outdoor food court ‘Karavan’.

Karavan is located on Kazinczy Street next to the famous Szimpla and is a small food court offering a wide range of International street food options. From local delicacies offering a taste of the Hungarian countryside, to an authentic Pad Thai giving a taste of Thailand you’re left questioning where you are as each separate trailer offers different international traditional dishes.

Not only attracting tourists and passersby, the Hungarian locals also love the food and the lively vibe. With outdoor seating, lantern lights and colourful campervans, the atmosphere fits perfectly to the already buzzing neighbourhood. The secluded collection of food trucks gets very busy during lunch hours due to both tourists and workers coming to experience various tastes and flavours. Although affordable, I would not just recommend to those travelling on a budget as really this is an essential local experience as much as a place to grab a bite!

Arcade Food Theatre opens at Centrepoint

Acting on behalf of the vendor, Ballymore, we have completed on the investment sale of the Sainsburys Local at Royal Wharf in Newham.

by Rosie Higgins

Following a series of soft launches last week, today Arcade Food Theatre at Centre Point opens its doors to the general public. Whilst Londoners have become familiar with the food hall format, Arcade Food Theatre adds another level to this booming sector. We were delighted to have acted for the…

The Orange Bakery, Watlington

A great example of a powerful little footfall driver

by Tracey Pollard

We often travel across the world looking for retail inspiration and ways to help our clients drive footfall. However, sometimes we find it right on our doorstep. Just 3 miles from my home, in the tiny Oxfordshire village of Watlington is The Orange Bakery. Opened 2 months ago by a father…

Amazónico, Madrid

Excellent Jazz and Hangout for Madrid's Glitterati

by Nigel Gillingham

Having learned that these guys are soon to open in London, I felt it necessary to pay them a visit on a recent trip to Madrid – all in the name or research you understand! Part of the Dogus group, Amazónico opened its doors in the summer of 2016, and has quickly become…

Mercado de San Miguel, Madrid

One of the world's leading gastronomic markets
by Nigel Gillingham

When Mercado de San Miguel first opened its doors 100 years ago, it was as a wholesale food market.  Today, this beautiful old building has become one of the world’s main gastronomic markets and one of Madrid’s treasures.  If you want to get a flavour of every type of food Spain has to offer, then this is the place to come – just make sure you don’t eat first!

Comprising more than 20 different stands the attention to detail and commitment to really fine, high quality food is exceptional.  From the finest Iberian ham and freshest fish and shellfish brought in daily from Galicia, to Mediterranean rice dishes and the most exquisite cheeses from Castile, Asturias and the Basque Country, the whole of Spain is right here, just waiting to be tasted.

The market is open every day until midnight and until 1am at weekends – perfect for a proper dose of Spain’s night culture and they also have a brilliant array of activities to choose from;  from masterclasses in specific types of food, to talks on nutrition, cheese and wine tasting and cocktail making – it really is a fantastic destination for a delicious night out.

Navrtar

Director, Saaj Kanani

interviewed by Zoe Schoon

Stack, Newcastle

The North East's freshest and up-coming independent eateries, businesses and bars all in one place

by Victoria Broadhead

Creatively assembled on a patch of land once occupied by an Odeon cinema, Stack was one of the first container parks to go up outside London and is cleverly made up of containers stacked around a central area where there is a bar and event space.  With glowing reviews on…

Wellington Farm Shop, Reading

A shop demonstrating a real focus on food miles and free-range products

by Tracey Pollard

I am a sucker for a farm shop and it would appear I am not the only one.  No longer seen as quaint and over-priced, the number of Farm Shops in the UK tripled between 2004 and 2017 to 3,500.  According to the Guild of Butchers, Farm Shops are the…

Lost in Brixton opens in Brixton Village

The bar is located in a previously unused space above a goods yard, next to the railway arches

by Rosie Higgins

This summer saw the opening of ‘Lost in Brixton’, a ‘hidden’ jungle-themed roof terrace with capacity for 440. This is the fifth venue from Incipio group who are also behind The Prince in West Brompton and the Pergola sites in Paddington and Olympia. Following a similar winning formula to their…

BGP acquire Anna Haugh’s first restaurant, Myrtle

by Zoe Schoon

Former Bob Bob Ricard and Gordon Ramsey chef Anna Haugh has opened her first restaurant, Myrtle. Her comforting, yet modern European approach with an Irish twist uses only the finest Irish produce.

Anna started her passion for cooking in her Dublin based home alongside her mother. Here she developed the basis of what was to become a highly successful and bright flair for food. She started cooking professionally for Derry Clarke at the Michelin starred L’Ecrivain and later adding both, two starred Pied a Terre and Philip Howard to her repertoire. Recently Anna has featured heavily on our TV screens, filming three series of Royal Recipes on BBC 1 and is a regular on the very popular Saturday Kitchen.

Now Anna is finally opening her own restaurant. Her menu offers classic Modern European cooking but with an Irish influence, as well as many fantastic British suppliers and ingredients sourced from the emerald isle.

Myrtle promises to provide cheeses from passionate family-lead mongers like St Tola and Mileens and fish from small fisheries that will be delivered every day. This as a result will make perfectly executed, yet warm and familiar dishes like Beef Wellington and Whole Roasted Sole.

At Myrtle, it’s a one team service. You may be lucky enough to have the kitchen come to the table for an explanation of the dish, or expert Sommelier Marianna Toro pour your wine. The 40-cover site is split across two floors, with a downstairs bar and upstairs mezzanine. The mezzanine is truly outstanding and even on a rainy day the light floods in.

We acted on behalf of Anna to help her acquire her sought after first site. Thea Rowe commented:

“It has been a delight to work alongside Anna to help with her long awaited first restaurant location. Anna’s character is truly enchanting and I know this comes across in her restaurant and food!”

For more information, please contact Thea Rowe.

Gallow Green, New York

Charming rooftop bar and restaurant in Chelsea

by Natasha Troiano

This urban horticultural paradise nestled in the heart of Chelsea on W27th Street above the McKittrick hotel is a hidden gem. Once inside, a mysterious elevator ride took us to the top floor where we were led down a dark hallway before reaching a clearing. The secret garden on the…

The Tottenham Hotspur Stadium, London

The new Tottenham Hotspur stadium is finally open, and it is certainly worth the wait

by Dominic Tixerant

With a capacity of 62,062 it is the largest Premier League stadium in London,  but what really makes it stand out is the attention to detail.  Every element of the stadium has been designed to the most intricate level, with an aim of creating the highest level of fan entertainment.…

ReTuna Mall, Sweden

Centre manager, Anna Bergström

interviewed by Zoe Schoon

ReTuna Mall in Eskilstuna is the world’s first shopping mall where everything is recycled. Revolutionising shopping in a climate-smart way, the shopping mall devoted to selling entirely pre-loved and reusable items. What was the inspiration behind the mall? A local politician came up with the idea in response to the…