Buchanan Street development scores four new deals

Land Securities has secured four more retailers at 185–221 Buchanan Street, a 155,000 sq ft development in Glasgow. The development is scheduled for retail opening in March 2013. The four new brands, which are securing circa 15,000 sq ft in total, are Fat Face, Skechers, Watches of Switzerland and Office. These retailers join Forever21, Paperchase and Gap who committed to the development in 2011.

With 14 months to go before the scheduled retail opening, the project is 90.7% pre-let by income, which is unprecedented considering the challenging economic conditions. Only one unit remains available on Buchanan Street, the UK’s second busiest shopping street, and two units are available on West Nile Street.

DTZ and Culverwell represented Land Securities with the lettings.