An expanding photo and video retailer has opened a flagship store in Putney, London.
Wex Photo Video has agreed a ten-year lease for Unit 2 at Tileman House, a ground floor space comprising nearly 5,100 sq ft with an annual rent of £170,000.
The outlet becomes the retailer’s 14th branch in the UK.
Wex’s new store is located on Upper Richmond Road, between Putney Train Station and East Putney Underground at the junction with Putney High Street. Nearby occupiers include Pure Gym, Toolstation, Nando’s, Pizza Express, Itsu, and Tesco.
In 2022, Wex appointed Carter Jonas’s retail team to find new sites as part of its expansion strategy. The Putney store is the retailer’s third new branch to open over the last 12 months, following launches in Nottingham and Cambridge. A relocation in Edinburgh is also close to completion.
Since 2020, Wex has opened six stores, and is planning a further seven by 2025. Carter Jonas and Wex are interested in sites between 2,500 and 4,000 sq ft in size, at prominent, edge-of-town centre, arterial routes and busy suburban locations, with good visibility and access to parking on-site or very close.
Stuart Williams, partner at Carter Jonas, said: “Wex’s team is dedicated to assisting its customers at every step, as evidenced by its ongoing investment in physical stores in addition to its digital platforms. After working with the team for over 18 months now, it is satisfying to see the positive results of this approach. By prioritising exceptional customer service across various channels, including brick-and-mortar outlets, Wex has been successful in maintaining brand recognition and growth, while also ensuring superior levels of service to more than a million photographers and videographers.
“As we continue to support the Wex team with this unified strategy, we look forward to engaging with property owners in the target areas and announcing additional store openings over the next 12 months.”