7th Nov 2008 10:07
SHAFTESBURY ANNOUNCES RETAIL LETTINGS AT ST. MARTIN'S COURTYARD
COVENT GARDEN LONDON WC2
Following recent press speculation, Shaftesbury PLC, the West End property investment company, confirms the following recent retail lettings and current negotiations at St. Martin's Courtyard, Covent Garden, part of the Longmartin Venture, owned jointly with The Mercers' Company.
At 125-126 Long Acre a 3,000 sq.ft. shop on basement and ground floors, has been let to fashion retailer Massimo Dutti at £420,000 per annum on a 10 year lease. This shop is already trading.
At 130-131 Long Acre a 6,800 sq.ft. shop on basement, ground and 1st floors has been let to COS (part of H & M Group) at £730,000 per annum on a 15 year lease. This shop is expected to open in Spring 2009.
At 132-136 Long Acre terms have been agreed in principle to let a 22,800 sq.ft. shop on basement, ground and 1st floors to Forever 21, a US retailer, for its first European store. This shop is expected to be handed over to the tenant for fitting out in Autumn 2009.
St. Martin's Courtyard is a mixed use project that will create 28 shops (70,000sq.ft) five restaurants (30,000sq.ft.), 73,000sq.ft. of air conditioned offices and 33 apartments. Completion of the scheme is in phases from now until Spring 2010, when the inner Courtyard is expected to be open to the public.
Simon Quayle, Director at Shaftesbury PLC commented,
" We are also encouraged by current levels of interest in the remaining shops and restaurants in this new and exciting destination in Covent Garden, which is also close to Leicester Square".
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Date: 7 November 2008
For further information contact:
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Shaftesbury PLC |
City Profile |
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Jonathan S Lane - Chief Executive |
Simon Courtenay |
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Brian Bickell - Finance Director |
William Attwell |
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Simon J Quayle - Director |
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020 7333 8118 |
020-7448-3244 |
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www.shaftesbury.co.uk www.stmartinscourtyard.co.uk
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