News
Aesop to open first store in the North at Victoria Leeds
6th November 2024Australian luxury skincare brand Aesop is set to open its first store in the North of England at Victoria Leeds. Located in Victoria Quarter, the 753 sq ft store will open in January 2025 and showcase the brand’s full range of fragrance, skin, hair and body care products. A certified B Corporation, Aesop at Victoria Leeds will look to honour the heritage of the Grade II-listed space whilst also reflecting the brand’s craftsmanship and ethos. Rachel Bradburn, leasing director at Victoria Leeds, said: “Aesop choosing Victoria Leeds for their first store in the North of England strengthens our position as the premier destination for luxury brands. It’s a testament to our discerning customer base, but also to Aesop’s thoughtful approach in selecting locations where they can integrate seamlessly into the local community. We’re excited to see their unique store design come to life when the store opens, further enhancing our distinctive retail offering.” Ryad Djellas, general manager, Aesop, European Zone, added: “We have been eager to open our first signature store in the North for some time now and were delighted when the opportunity within the historied County Arcade presented itself. The design of our spaces matters deeply to us. […]
Deals
Coffee shop brand brews up Yorkshire outlet centre opening
6th November 2024Coffee shop brand 200 Degrees is set to open a new location at Junction 32 Shopping Outlet in Castleford, West Yorkshire. Opening this December, the 1,250 sq ft store will be the brand’s 22nd site across the UK and its sixth across Yorkshire. 200 Degrees – which opened its first location in Nottingham in 2012 – will cater to approximately 80 covers including both indoor and outdoor seating options. The coffee shop will offer a range of beverages as well as a food menu which includes sandwiches, sausage rolls, pastries and sweet treats. Will Kenney, commercial director of 200 Degrees, said: “We’ve seen from the popularity of our other coffee shops in the area that the good people of Yorkshire love 200 Degrees Coffee. We’re excited about joining the existing businesses in the shopping outlet and the exciting brands which are also opening there in the coming months.” Darren Winter, centre director at Junction 32, added: “We are thrilled to welcome 200 Degrees to Junction 32. With its delicious sweet treats and stunning beverage selection, we have no doubt it will become a firm favourite with our visitors and will make for the perfect place to stop off at whilst they […]
Requirements
Padel Social Club appoints agents to support nationwide expansion
14th October 2024Padel Social Club has appointed leisure real estate advisory business Stärka as sole agents to support its nationwide expansion. The social padel concept – which launched its first site in Earl’s Court and recently opened at The O2 – is targeting indoor and outdoor spaces ranging between 10,000 sq ft and 40,000 sq ft. The operator takes a flexible approach with its locations and formats, which range from multi-court barns to pop-up or permanent turn-key court installations and activations. Stärka is seeking locations which suit Padel Social Club’s target demographic, and is also looking to secure regional firsts in some of the UK’s most iconic locations. The brand’s concept welcomes players of varied experience, with some venues coming with social and wellness areas, rooftop bars, meeting rooms and co-working spaces, as well as cafés and retail spaces selling specialist equipment and clothing. David Bell, co-founder of Stärka, said: “Our partnership with Padel Social Club has come as a direct result of our previous success in acquiring locations for a number of operators, both established and up-and-coming. Our expertise very much lies in the bespoke and collaborative approach we take with landlords, as well as our ability to truly understand the core nature […]
News
Landsec acquires remaining interest in Salford’s MediaCity
6th November 2024Landsec has taken full control of MediaCity in Salford after acquiring Peel Group’s remaining 25% interest in the mixed-use development. The real estate investment trust has also acquired television facility dock10 and the estate’s 218-bed hotel, both of which were wholly-owned by Peel. The acquisition is based on a cash consideration of £22m plus an assumption of £61m of secured debt. This overall consideration of £83m represents a discount to the latest book value of Landsec’s original 75% interest in MediaCity. Landsec said his discount reflects the value of contracted future income from “wrapper” leases to Peel, which it will surrender as part of the transaction. The group added that – taking the new value alongside the value of the hotel and studios into account – the transaction is broadly in line with the latest book value of the estate and earnings neutral in the near term. Landsec said the transaction provides it with full control of MediaCity and the ability to implement its plans for the estate, plus the potential to deliver significant new residential space at the land immediately adjacent to MediaCity. Mike Hood, CEO of Landsec U+I, said: “MediaCity has huge potential. Through our increased ownership, we can […]
