Norbury Sansom advises Poundstretcher on CVA
Retail property advisor, Norbury Sansom, has helped Poundstretcher, working alongside KPMG, to achieve success in their recent CVA by providing property guidance to interested parties prior to the voting period. This resulted in the CVA being voted through at a level of circa 92%. The business should now be on a much better footing for
Swindon Co-Op acquired for Pure Gym
Pure Gym have acquired the former Co-Op adjoining Dobbies Garden Centre in North Swindon. The unit, extending to 13,500 sq.ft, is visible from the A419 giving easy access to this part of Swindon and the M4 motorway. The unit will be re-clad and will be completely re-furbished to provide modern space with car parking. Norbury
Pure Gym acquire in Hemel Hempstead
Pure Gym have acquired 15,000 sq.ft of space in The Marlowes Shopping Centre in Hemel Hempstead. The gym is at a first floor level with its own entrance externally and car parking for members. Pure Gym took a 15 year lease at a rental of £240,000 per annum. Norbury Sansom acted for Pure Gym. The
Poundstretcher surrender in Swansea
Poundstretcher have agreed a surrender of their store at Junction 47 Retail Park in Gorseinon to make way for future development. They have two stores in the area, having taken the former B&Q and this store was surplus to requirements. The store was handed back unconditionally with no dilapidations liability. Norbury Sansom acted on behalf
Pure Gym acquire DW Fitness in Aylesbury
Pure Gym have acquired the DW Fitness First in Aylesbury in an off market transaction. The gym is at first floor level on Aylesbury Shopping Park and extends to circa 20,000 sq.ft. Norbury Sansom acted on behalf of Pure Gym. Avison Young acted for the landlord.
Boswells signs in Cwmbran for new coffee shop
Boswells Coffee Group, advised by Norbury Sansom, has acquired the shop formerly occupied by The Works in Cwmbran Shopping Centre. The unit will front Gwent Square and have external seating all around.
Maldon welcomes small format Pure Gym
Pure Gym has taken space for a small format gym on the new Blackwater Retail Park in Maldon, Essex. The retail park is now open and includes Next, Costa, Aldi, Sport Direct, Home Bargains, Shoe Zone and Card Factory. Norbury Sansom was pleased to act for Pure Gym.
Pure Gym to open in Burgess Hill
Pure Gym have acquired the former Carpetright at 208-216 London Road, Burgess Hill. There was healthy competition and Pure Gym came out on top after the unit went to “best bids”. The unit now has planning consent and will open in due course. Norbury Sansom acted for Pure Gym. GCW acted for Mid Sussex District Council
Gloucester store for Poundstretcher
Poundstretcher have acquired the former Poundland at 6 Southgate Street in Gloucester on a new lease. Poundstretcher were advised on the acquisition by Norbury Sansom.
Pure Gym heading to Weston-super-Mare
The UK’s leading gym operator, Pure Gym, have taken a new 14,000 sq.ft store at Gallagher Retail Park in Weston-super-Mare. Planning consent has been obtained for a 24 hour, 365 day operation and Pure Gym will start fitting out the former Office Outlet at the start of July. Pure Gym were advised by Norbury Sansom
Wantage unit let to British Heart Foundation
Norbury Sansom have let the former TOFS unit on Kings Park, Wantage, to the British Heart Foundation on a new lease at a rental of £80,000pa.
Majestic new opening for Salvation Army
The Salvation Army, advised by Norbury Sansom, has take taken the former Majestic Wine in Kettering for a new Donation Centre. The charity has taken a new 10 year lease with a break at year 5, at a rental of £40,000pa. More stores are required of at least 3,500 sq.ft in roadside or retail locations
One Stop appoints Norbury Sansom in search for more stores
Tesco owned One Stop has appointed Norbury Sansom to acquire new convenience stores in the south-west of the UK and a national remit on new residential led developments. One Stop Stores Limited is a retail convenience business with over 770 company owned and operated neighbourhood stores and 160 franchisees across England, Wales and Scotland The
Poundstretcher & Bargain Buys Property Requirements
Norbury Sansom are retained to acquire further stores for Poundstretcher and Bargain Buys. We are seeking up to 120 stores for 2019 Poundstretcher Bargain Buys 2019 Requirements
The Salvation Army marches into former Maplin
The Salvation Army has acquired the former Maplin at 3 Haven Rd, Exeter for one of their new Donation Centres. We are seeking stores of over 3,000 sq.ft with good prominence and some parking on major arterial routes and on or adjacent to retail parks.
Four new outlets for Pure Gym
Retail and Leisure Property Advisor, Norbury Sansom, has successfully acquired a further four outlets for their client, Pure Gym. Pure Gym are the leading Gym operator in the sector and significantly larger than their competitors. The new gyms are:- Hereford, Saffron Walden, Norwich and Southend on Sea. Please let us know if you have any further opportunities
Bargain Buys takes Havant Store 21
Bargain Buys has taken the former Store 21 in The Meridian Shopping Centre, Havant. The 15,000 sq.ft store will offer the full line of products and has traded very well in the first week of opening. Norbury Sansom acted on behalf of Bargain Buys. Vail Williams acted for the landlord.
TOFS units acquired for Bargain Buys
Poundstretcher have acquired a number of the former Original Factory Shop Outlets following the recent CVA and will open them under the Bargain Buys fascia. Stores include Nailsea and Holsworthy. Retail and Leisure Property Advisors, Norbury Sansom, acted on behalf of Poundstretcher in respect of the acquisitions.
Cardiff gets new Pure Gym
Pure Gym have taken the former Harveys unit on Cardiff Bay Retail Park and have obtained planning for a new 15,000 sq.ft gym. It is currently being fitted out with the opening planned before the end of the year. Retail and Leisure Property Advisors, Norbury Sansom, acted on behalf of Pure Gym. Railways Pension Fund
Bargain Buys takes High Wycombe
Bargain Buys, a trading name of Poundstretcher Limited, have acquired the former Poundworld at Red Lion House in High Wycombe for a new store. This large unit, fronting the High Street, was taken on a new lease at a rent of £200,000 per annum. Norbury Sansom acted for the tenant. The landlord, Devonshire Metro Limited,
The Salvation Army appoints Norbury Sansom
The Salvation Army has appointed Norbury Sansom to seek new properties for their Donation Centre format of circa 4,000 sq.ft on busy roads across the South East, Superstores of up to 20,000 sq.ft and their usual High Street outlets. Please click the link below for specific details. Salvation Army South East and M25 Property Requirements
3 new sites for PureGym
Retail and Leisure Property Advisor, Norbury Sansom, has acquired 3 new sites for PureGym in the last month. These are Broadcut Retail Park Fareham, Mannington Retail Park Swindon and Beacon Retail Park in Bletchley. These new additions will make a significant contribution to the business and will be open for trade this year.
Retail Property Requirement
Norbury Sansom is seeking sites in the following towns for a well established national clothing retailer with an excellent covenant. 2,500-3,000sq.ft in High Street location, prime or good secondary. Please contact Paul Norbury with any opportunities Devizes Trowbridge Cannock Outlet Sutton Coldfield Chelmsley Wood Kings Heath Kenilworth Stow on the Wold Bury St Edmunds Corby
Peacocks extend Harlesden lease
Retail Property Advisors, Norbury Sansom, have agreed a new reversionary lease on behalf of Peacocks for their store at 47-51 High Street, Harlesden. Fisher Wilson acted on behalf of the landlord
Poundstretcher acquires Store 21 in Bitterne
Poundstretcher have acquired the former Store 21 in Bitterne for their latest new retail outlet. The store sits in a prime position adjacent to Natwest and Poundland. They have taken a new 10 year lease at a commencing rental of £95,000 per annum. Retail Property Advisors, Norbury Sansom, acted on behalf of Poundstretcher. It will
Two new outlets for Pure Gym
Pure Gym has secured two new gyms in Canterbury and Brislington. Both buildings extend to 15,000 sq.ft and will provide the company’s full offer. Pure Gym is Britain’s biggest gym chain and has recently changed hands following a £600m swoop by the joint owner of Sir Philip Green’s Topshop. US private equity fund Leonard Green
Trison Estates acquires Lidl Freehold in St Austell
Trison Estates have acquired the former Lidl store in St Austell. The stand alone store with it’s own car parking sits on the edge of the town centre. The property will be occupied by Poundstretcher. Norbury Sansom acted on behalf of Trison Estates.
Ponden Home Letting in Southend on Sea
Norbury Sansom, acting on behalf of Raphael Properties, have let the former Linens Direct in Southend on Sea to Ponden Home at a rent of £80,000 pa. This was one of Linens Direct best performing stores and sits in a prime positon adjacent to Marks & Spencer.
Lease re-gear completed in Yate for Boswells
Norbury Sansom have agreed a lease re-gear on behalf of Boswells in Yate Shopping Centre. They occupy a prime pitch in the Square and were keen to secure a long term committment to this profitable location. Savills Bristol acted for the landlord. Norbury Sansom is a niche retail and leisure property advisory firm who represent
Coffee#1 takes Poole unit
Coffee#1, advised by Norbury Sansom, has taken a new lease in the former Burger King at 134 High Street Poole.
New Pure Gym for Banbury
Banbury gets its first Pure Gym after the company opened a new unit on Banbury Cross Retail Park The 15,000 sq.ft new build unit is spread over two floors and will offer members 24 hour access to the facility. Retail Property Advisor, Norbury Sansom, acted on behalf of Pure Gym and agreed a new 15
New stores for Chatham Dockside Outlet
Retail Property Advisors, Norbury Sansom, have acted on behalf of Peacocks and Edinburgh Woollen Mill to acquire a joint fascia store at units 13, 14 & 15 in the Chatham Dockside Outlet on Maritime Way. Our client took a new 10 year lease at a rent of £100,000 per annum.
Peacocks takes former Primark in Crawley
Peacocks Stores has acquired the freehold of the former Primark at 32-34 Qeens Square, Crawley. The building, which extends to circa 20,000 sq.ft, will house a number of EWM Group brands once the property has been refurbished. Retail Property Advisors, Norbury Sansom, acted for Peacocks.
New Peacocks for Harlow
The redevelopment of the former Marks and Spencers unit at Harvey Shopping Centre in Harlow was taken on by opportunity-fund Addington Capital. Shops that have moved into the retail space, branded The Terrace, include Starbucks, Holland and Barrett and Peacocks. There will also be a 30,000 square foot gym run by Exercise 4 Less. The
Poundstretcher opens in Stourport
Retail Property Advisors, Norbury Sansom have acquired the former Tesco Metro in Stourport for their client, Poundstretcher. The unit was taken on a 10 year lease with a tenants only break at year 5. Andrew Grant Commercial acted for the landlord.
Wickes rightsize in Taunton
Norbury Sansom has acted for Wickes Building Supplies in right-sizing their store at Priory Fields Retail Park, Taunton. Wickes will retain a 25,000 sq.ft. store and have surrendered the balance of circa 25,000 sq.ft back to the landlord, Orchard Street. Contracts have been exchanged on new lettings to Tapi Carpets and Furniture Village.
Letting to Tapi in Tunbridge
Retail Property Advisor, Norbury Sansom, has acted for Travis Perkins Group letting the unit adjacent to their new Wickes Building Supplies store which is due to open this month in Tunbridge Wells. Tapi Carpets have taken a 10 year lease and both stores will open at the same time.
Lidl win bid in Bideford
Retail Property Advisors, Norbury Sansom, have acted for acquired a 2 acre site in Bideford for Lidl. The site will provide a new concept store of 30,000 sqft. Negotiations involved a complicated land assembly as well as the lifting of a restriction on the site.
Sutton unit let to bake&TAKE
On behalf of Hyatt Plaza Ltd, Retail Property Advisors, Norbury Sansom have let a Unit in High Street, Sutton to bake&TAKE. Developed in 2003 by Dr’s Limmer and Schneider in Essen, Germany, they have jointly grown the business to over 300 stores spanning Germany, Austria, Switzerland,The Netherlands and are now in the UK.
Tunbridge Wells site acquired for Travis Perkins
Retail Property Advisor, Norbury Sansom, has acquired the former Sparshatts of Kent site at Longfield Road in Tunbridge Wells on behalf of their client, Travis Perkins PLC
Hatfield next for Peacocks
Retail Property Advisors, Norbury Sansom, have acted on behalf of Peacocks to acquire a new store of over 6,000 sq.ft within the White Lion Shopping Centre, Hatfield. The Centre is currently undergoing a £3.5Million refurbishment by Welwyn Hatfield Borough Council and will offer a much improved public realm.
Purchase of Prescot Shopping Centre
Group Geraud UK, advised by Norbury Sansom, has purchased the Prescot Shopping Centre near Liverpool. Tenants include M&Co, Home Bargains, Superdrug, Heron Frozen Foods, Farmfoods and Card Factory. Further asset management will be actioned over the next few months
Currys lease re-gear at Fareham
Retail Property Advisor, Norbury Sansom, has acted for Marchmont Investment Management to agree a lease extension to the DSG Retail lease, trading as Currys, at Parkgate Retail Park in Fareham. The lease has been extended by 5 years, now expiring in 2021.
Site purchase for the Co-Op
Norbury Sansom has acted on behalf of the Co-operative Stores main group in acquiring a freehold development site. It fronts Mid Devon Business Park in Willand, close to Exeter, where the Co-Operative will build a new 4,000 sq.ft generation 2 convenience store . Planning consent has been secured and the Co-op expect to be on site shortly.
Peacocks opens in Bexleyheath
Peacocks Stores, part of the Edinburgh Woollen Mill Group, has taken a new 5,000 sq.ft store in Units 62,63 & 64 of the Broadway Shopping Centre in Bexleyheath at a rental of £140,000pa. Norbury Sansom is delighted to have acquired this on behalf of their client, Peacocks.
Halfords take new lease at Fareham
Landlord, Marchmont Investment Management has negotiated a new lease with Halfords on Park Gate Retail Park in Fareham, Hampshire. They have taken a new 10 year term on their existing premises at a rent of £289,250pa. The park, located on Southampton Road, also includes a PC World & Currys superstore. Norbury Sansom acted on behalf
Tunbridge Site Purchase for Wickes
Norbury Sansom has acted for Travis Perkins Properties Ltd in purchasing the former Courier Newspaper site on Longfield Road in Tunbridge Wells. They will build a Wickes Building Supplies store, subject to securing the relevant planning consent
Norbury Sansom appointed by Peacocks
Retail Property Advisors Norbury Sansom are delighted to have been retained by fashion retailer Peacocks in the south east. Peacocks, part of the EWM Group, operates from around 450 stores throughout the UK and is now seeking further stores to enable rapid expansion. We require units of 4,000 sq.ft upwards in shopping centres, retail parks
Ponden Home on the Acquisition Trail
Ponden Home has appointed Norbury Sansom to find further stores in the south east to expand their current portfolio. We are looking at High Streets or shopping centres and require a minimum of 1,700sq.ft of sales plus some ancillary storage.
99p Stores expands further
99p Stores has acquired a number of units recently to continue their expansion across the UK. Norbury Sansom acted on their behalf to secure units in Chadwell Heath, Bletchley, Margate, Surrey Quays and Torquay. We are still seeking more units for 2014 and beyond so please send us any details you think might be suitable.
Former Travis Perkins Head of Group Property Acquisitions joins Norbury Sansom
Norbury Sansom are pleased to welcome Mike Hill who will join the company as a Consultant with immediate effect. Mike, who is well known in the retail property market, has worked in the sector for over 25 years in a variety of senior agency and corporate roles. Having completed over 10 years in the Property
Market Village appoints Norbury Sansom
Specialist market retailer, Market Village, has appointed Norbury Sansom to secure new opportunities to add to their current list of outlets. Market Village is part of French company Groupe Geraud who own the successful Brixton Village & Market Row. We are seeking stores of circa 20,000 to 30,000 sq.ft in prominent locations in High Streets
Norbury Sansom has been very busy this month securing further new units on behalf of 99p Stores. We have acquired the former Peacocks in Chadwell Heath, Gravesend Retail Park, The Place in Milton Keynes, Houndstone Retail Park in Yeovil and Colchester Retail Park. All these stores will open in the coming months.
More Shops Required – 99p Stores
Single price discounter, 99p Stores is actively searching for 40 new stores for 2014. Norbury Sansom are retained to advise. Please click on the attached flyer for further information.
Wickes continues to build
Norbury Sansom were very busy at the end of 2013 completing a number of deals on behalf of Wickes Building Supplies including re-gears of existing stores and acquiring new sites. We continue to help them with their asset management and new acquisitions, with an aggressive opening programme planned for the next few years. Please contact
New 99p for Portishead
99p Stores have acquired the former Dreams store on Wyndham Way Retail Park in Portishead, close to the city of Bristol. The unit, built in 2009, provides modern retail space and extends to 5,083 sq.ft. It sits alongside Peacocks, Pets at Home and New Look with excellent frontage to Wyndham Way Rowe Estates is the
Retailer sails into the Isle of Wight
The former HMV in High Street, Newport, Isle of Wight has been taken by 99p Stores. The retailer has taken a new 10 year lease from Shell Pensions Trust on the large unit at a rent of £175,000 per annum. Norbury Sansom acted on behalf of 99p Stores. CBRE acted for Shell Pensions Trust
Single price discounter 99p Stores has taken a unit on Orchard Street’s Imperial Retail Park in Gravesend. The unit, extending to 7,013 sq.ft is located on the park with retailers including B&Q, Lidl, Pets at Home and Halfords. The landlord obtained planning consent for 99p’s use and the store will open for trade in March
Worcester St Martins Quarter new opening
99p Stores have taken units 7A and 7B of Richardson’s St Martin’s Quarter scheme in Worcester, anchored by an ASDA foodstore. The new unit will be over 6,000 sq.ft and offer a full product line to customers. Norbury Sansom acted on behalf of 99p Stores.
Ipswich gets a big discount
Norbury Sansom, acting on behalf of 99p Stores, have taken the former QD store on Carr Street in Ipswich and will open a very large unit with a sales area of around 20,000 sq.ft. This will be one of the largest single price stores in the UK.
Norbury Sansom will be attending the BCSC conference on the 11th-12th September and Completely Retail Marketplace on the 24th September. Please call us if you’d like to meet up We look forward to seeing you there!
Wickes secures site in Christchurch
Norbury Sansom, acting on behalf of Travis Perkins, have acquired a circa 1.5 acre site in Christchurch, Dorset for their Wickes Building Supplies fascia. A planning application is due to be submitted shortly for a circa 20k sq.ft. ground floor store. This acquisition is part of the property strategy for Wickes in the Christchurch/Poole/Bournemouth conurbations
Acquisition on Cirencester’s only retail park
99p Stores have signed terms for a unit on Consolidated Property Group’s new out of town development of the former Vygon site, Bridge Street in Cirencester. This will be the only retail park in the town and 99p Stores will line up alongside the likes of Sports Direct and Pets at Home in an 8,000
Where Next For Retail Stores
In light of the blurred boundaries between physical and virtual retail space, retailers are looking very closely at how this impacts on the role and function of existing and futures stores. Norbury Sansom believes that there will be an on-going need for physical space albeit, for some retailers, this may well be on a smaller scale
99p to open at The Meads, Farnborough
99p Stores has exchanged for a new store in St Modwen’s The Mead’s Scheme in Farnborough Town Centre. The unit will provide over 6,000 sq.ft of new space in a prime position on the High Street. Norbury Sansom acted for 99p Stores
New retail park unit in Cornwall for 99p Stores
99p Stores have taken the former Comet Unit on Camborne Retail Park in Redruth. The 10,000 sq.ft unit is now open and trading successfully.
New 99p Store for Exeter
99p Stores have signed a new lease to take a store at Exe Bridges Retail Park in the Marsh Barton area of Exeter. It sits adjacent to Exeter St Thomas train station and fronts Alphington Road (A377). The park, owned by LaSalle Investment Management, has an excellent line up and is one of the only open
Wickes secures relocation in Borehamwood
Wickes have secured a relocation for their store in Borehamwood. This allows them to vacate the retail park and take a standalone bespoke store on Legal & General’s scheme on Elstree Way. Norbury Sansom acted for Wickes
Wickes takes former Comet in Cambridge
Norbury Sansom, acting on behalf of Wickes Building Supplies Ltd have secured an assignment of the former Comet lease at 393-395 Newmarket Road, Cambridge. Wickes will be opening a store of 15,000 sq.ft. later this year.
99p stores sent to coventry
Norbury Sansom, acting on behalf of 99p Stores, have acquired a new unit at Central Six Shopping Park in Coventry. The unit, previously occupied by Peacocks and extending to 697.88 sq.m (7,512 sq.ft, is due to open at the end of February 2012 and will provide the full array of products. The store will sit
launceston gets new 99p store
99p Stores has taken a new unit of 6,300 sq.ft on Launceston Retail Park, which is owned by landlord, London Metric Property PLC. The store is trading very well and the opening has increased footfall across the park by 30%. Norbury Sansom facilitated the deal in just three weeks for 99p Stores Limited.