Business Leader Magazine looks at the latest property and construction news from across the South West…
Eyewear brand Ollie Quinn to open in Bath
Eyewear brand Ollie Quinn (OQ) has acquired 14 New Bond Street, advised by Hartnell Taylor Cook LLP.
The store will occupy a corner position in the city close to aspirational occupiers including Bobby Brown, L’Occitane and Space NK. A new 8-year lease was agreed and OQ will trade on both ground and basement levels.
Richard Saunders of Hartnell Taylor Cook said: “Ollie Quinn’s range of own designer eyewear and sunglasses at a reasonable price point of £98 are the perfect fit for the Bath shopper.”
Six new retailers secured at Yate Shopping Centre in Bristol
Savills, on behalf of Ellandi and the Trustees of the Yate Shopping Centre Unit Trust, has let space to six retailers including Papa Johns, Yours Clothing and The Entertainer at Yate Shopping Centre in Bristol.
Papa John’s has agreed a new 15-year lease on 1,260 sq ft. Loungers, the café chain, has also agreed a 15-year lease, taking 3,500 sq ft and The Entertainer has agreed a new lease on 4,000 sq ft (371 sq m) of space.
These three retailers will occupy the newly refurbished unit at 32-36 West Walk opposite the town’s library and leisure centre. Karizma, a hairdresser and barber store, and Yours Clothing have each agreed a five-year lease on 1,099 sq ft and 3,726 sq ft respectively. Cards N Wrap, the gift retailer, has signed a three-year lease at 31 North Walk.
Alex Kalebic, associate director in the retail team at Savills Bristol, comments: “We are delighted to have secured these new retailers for the town, further enhancing Yate Shopping Centre’s reputation as a retail destination.
“The centre is a large, well-let scheme that benefits from a strong catchment population and annual footfall in the centre standing at around 12 million people. We are currently in discussion with a number of other retailers looking to take space in the centre.”
Savills post half year results
Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2017.
Group revenue up 15% to £714.4m; group underlying profit before tax up 12% to £48.1m; group profit before tax up 27% to £32.4m; underlying basic earnings per share up 18% to 25.7p; basic earnings per share up 39% to 16.1p; and interim dividend increased 6% to 4.65p per share.