Lease Space

C&W is instructed by Westfield as joint retail leasing agents.

First rent review since initial letting, the rent was the highest restaurant rent in Glasgow when let, in addition to which the basement trading space had initially been rentalised at 75% of the value of the ground floor rental rate, despite convention suggesting 50%.

Against a backdrop of challenging trading conditions in the UK foodstore sector, our brief was to negotiate terms with Sainsbury’s to extend their commitment to the location without any loss of income.

Despite evidence of on-going rental growth in small unit shops in this prime retail street, there was limited evidence of rental levels for larger stores. In addition, the micro location had improved over the review period, but again with no firm evidence to establish that improvement.

As a precursor to larger rent reviews within the property, our challenge was to ensure a good outcome to the first review in the building, this involving one of the smallest suites with the highest passing rent.

Future of Retail and Logistics

In a world being increasingly driven by digital and automation, the retail and logistics sectors are becoming blurred. This is having a significant impact on their respective real estate sectors. This paper explores five of the key elements which will drive these changes. 

Ireland Office Market

The Ireland Office Market report is a brief summary of the office sector in key locations across Ireland, providing comment on recent trends as well as market data and an analysis of the likely impacts for commercial real estate.

Regional Offices Marketbeat - Q1 2018

UK leasing and investment markets performance in Q1 and the outlook for the rest of 2018.

European Shopping Centres The Development Story May 18

European Shopping Centres: The Development Story May 2018 provides an overview of shopping centre stock levels and development activity across Europe.

UK Logistics & Industrial Regional Outlook Spring 2018

High levels of demand during Q1 point to continued robust performance during 2018 for the UK logistics sector. While Brexit and pricing concerns are intensifying, strong market fundamentals support an optimistic outlook for the UK logistics sector.

This is one of the key conclusions from Cushman & Wakefield's latest UK Logistics & Industrial Market Outlook. To find out more, download the publication now.

Also in this issue:

• Economic overview
• UK market fundamentals
• Rental rate forecast
• Investment climate
• Q1 2018 leasing & investment transactions