LONDON. IN THE LAST YEAR - · PDF fileis home to Zara, Anthropologie, Massimo Dutti, ... Mark Serrell +44 20 7182 2598 ... Alan Spencer [email protected]

LONDON.WE’VE GOT IT COVERED

OXFORD ST

OF ALL LETTINGS

WE TRANSACTED

ON

50%WE ADVISED ON

INVESTMENT TRANSACTIONS6 7OUT

OF

OVER

SQ FT

TRANSACTED ONOXFORD STREETREGENT STREET

BOND STREET500,000

IN THE LAST YEAR...

£40mWITH A COMBINED RENT IN EXCESS OF

200TRANSACTIONS

With a population of 7.3 million, more than 200 million visitors each year and over 40,000 shops – from luxury goods to bargain fashion – London is one of the world’s premier retailer destinations. The opportunities in this city are enormous and to succeed in this highly competitive market you need the best advice. As a specialist and dedicated Central London Retail team we give intelligent advice based on years of experience, innovative thinking and unrivalled market insight to deliver solutions that work.

80% RENTAL GROWTH

SINCE 2007

COMMITTED TO 20 YEAR REGENERATION PLAN£1 BILLION

OV

ER

LARGEST BURBERRYIN THE WORLD

CBRE are retained agents on the Crown Estate’s Regent Street portfolio where we have acted for over 10 years on their 1.6 million sq ft of retail ownership. We have been working closely with the Crown Estate to provide development, planning, leasing and strategic advice on creating Europe’s top shopping and leisure destination.

We have agreed terms for J.Crew’s first European flagship, a 17,500 sq ft store that will open later this year. In addition to this, Watches of Switzerland

will open a dedicated Watch Emporium, the largest in the UK; a new 16,000 sq ft store that will

house the leading international watch brands.

OXFORDSTREET

FLAGSHIP LETTINGS INCLUDING TOPSHOP, FOSSIL, ZARA, ASICS, PANDORA

AND RIVER ISLAND.

A DOMINANT MARKET POSITION

WE DEALT WITH

RENT REVIEWS AND LEASE RENEWALS ON OXFORD STREET INCLUDING ADIDIAS, FRENCH CONNECTION, NEXT, ZARA AND TOPSHOP.

OF ALL 2012 RENT REVIEWS40%

82% SHARE OF THE OXFORD STREET MARKET BY INVESTMENT VOLUMES SINCE 2010

SALE OF 9 OLD BOND STREET FOR GUY THOMAS CHARITY NET INITIAL YIELD OF 1.42%

LOWEST EVER RECORDED IN THE WEST END

£19.15 MILLION

LETTINGS

CURRENT 64-72 NEW BOND STREET ON BEHALF OF GPE AND 99 NEW BOND STREET

ON BEHALF OF CORPORATION OF LONDON.

PAST THE BREITLING AND MULBERRY ACQUISITIONS, VICTORIA’S SECRET AND 93 NEW BOND STREET

LETTING TO SAKARE IN JULY 2012.

CURRENT CANALI, FOLLI FOLLIE, GINA SHOES, HUGO BOSS.

COMPLETED CHURCH’S SHOES, EMPORIO ARMANI, MARCUS WATCHES, MIU MIU, PATEK PHILIPPE, PRADA, ROLEX, WATCHES OF SWITZERLAND.

RENT REVIEWS/RENEWALS

BONDSTREETCBRE COMPLETED THE DIOR LETTING AT 160 NEW BOND STREET SETTING A RECORD ZONE A RATE.

RETAIL AND RESTAURANT UNITS10

DEVONSHIRE SQUARE

Creating a new mixed-use retail destination in the City of London with 10 retail and restaurant units.

ACRE OFFICE, RETAIL AND LEISURE ESTATE32

BROADGATE

Providing and implementing a new retail and leisure strategy over the 32 acre office, retail and leisure estate aimed at facilitating, replenishing and improving existing stock while attracting quality brands in the meantime.

One New Change opened in September 2010, the only scheme to open that year. 12 months prior to this CBRE were brought in by Land Securities to assist in the letting programme, at which point only eight units were let. At the point of opening all 62 units were let. One New Change was and still remains revolutionary for the City, providing the first ever retail hub within the Square Mile.

LET ATOPENING100%

ONE NEW CHANGE

A cutting edge retail and leisure destination, built upon the location’s heritage as a famous Central London market. The area is now firmly on the Londoner and tourist map with many of them spending the day enjoying the unique atmosphere the area offers.

CBRE have acted for the owners as the Asset Manager of Spitalfields Market since 2012. During that time we have also acted as leasing agents and lease consultants and have carried out transactions to improve the tenant mix as well as setting new record rents. New arrivals include Hackett, Mischa Barton and Orlebar Brown.

SPITALFIELDS

CO

VE

NT

GA

RD

EN

Covent Garden is one of the capital’s wonders, a distinct quarter that has kept its sense of theatre and atmosphere.

Working with Capital & Counties who purchased the estate in 2006, we have commenced work on the transformation of the district into the number one destination for Londoners and tourists alike.

We have attracted a number of brands to open global firsts including Chanel and Dior who have standalone make-up and beauty stores, Aesops EU flagship and the first Opening Ceremony and Burberry Brit stores in Europe.

At the same time we have worked with Capital & Counties to help drive values, which in some streets have more than doubled over the last 24 months.

7045KING STREETOF DOMESTIC VISITORS

INTERNATIONALVISITORS >10 TIMES IN 2 YEARS

HAVE BEEN TO COVENT GARDENCUSTOMER VISITS

ANNUALLY

RENTAL GROWTH ON

SINCE 2007 1/3MILLION173% %

CBRE act on behalf of the Grosvenor Estate throughout the London portfolio to provide strategic, occupational and investment advice on key streets including Mount Street, South Audley Street, Davies Street, Motcomb Street and Elizabeth Street, bringing new brands onto the Estate including Bremont, Linda Farrow, Jessica McCormack and Solange Azagury-Partridge. We have helped introduce active asset management initiatives including lease restructuring in order to provide greater controls over the Estate and ensure that the tenant mix continues to evolve.

We are working closely with the Grosvenor Estate to continue to deliver the tenant mix strategy for the Mount Street Village, extending the retail pitch to Carlos Place, South Audley Street and Davies Street. We are also working on the regeneration of New Mayfair which will see Duke Street, Brown Hart Gardens and North Audley Street transformed into a fashion-forward retail and leisure destination over the next 12 to 18 months.

THEG

RO

SV

EN

OR

ESTA

TE

OF PRIME LONDON COVERING MAYFAIR AND BELGRAVIA

300 ACRES103%ON MOUNT STREET SINCE 2007

RENTAL GROWTH

CADOGAN ESTATE

the

The area around Sloane Square and Kings Road has also been substantially transformed over a 10-year period. Anchored by Peter Jones on Sloane Square, Kings Road is one of London’s premium shopping destinations and is home to Zara, Anthropologie, Massimo Dutti, Trilogy, Joseph, Space NK, Rigby & Peller and Bimba & Lola to name but a few.

We are proud to have been part of that transformation and continue to work with Cadogan Estate to bring exciting and new international brands to Chelsea.

CBRE are leasing agents for the retail and offices on the Cadogan Estate across Sloane Street, Sloane Square, Duke of York Square and Kings Road. We have advised the Cadogan Estate for over 10 years and successfully helped to deliver a proactive asset management and tenant mix strategy that has seen Sloane Street fully overhauled to rival Bond Street as the main luxury destination in Central London.

GROWTH IN RENTALSLOANE

2007ST

SINCE

FIRST EVER

FLAGSHIPUK

The Knightsbridge Estate is a unique retail destination, sitting between Harrods and Harvey Nichols, bordering Sloane Street, Brompton Road and Hans Crescent.

CBRE are leasing agents to Chelsfield providing retail agency, development and asset management advice. Recent lettings include Tommy Hilfiger, Hugo Boss and Porsche Design.

26%

20235M PRIME RETAIL FRONTAGE

SINCERENTAL GROWTH

2007MILLION VISITORS

EVERY YEAR

OVER

40 STORES

INTERNATIONALBRANDS

WESTFIELDCBRE were the leasing agents on the two most significant shopping centres to open in London in decades with Westfield London opening in October 2008 and Westfield Stratford opening three years later. We continue to advise Westfield on strategy, leasing and asset management across both schemes.

1.9 MILLION SQ FTWESTFIELD STRATFORD

WESTFIELD LONDON1.6 MILLION SQ FT

NEW5095%

BOTH OVER LEASED AT

OPENING

VICTORIA’ SECRET

VICTORIA’S SECRET

CBRE acquired Victoria’s Secrets’ European Flagship store on New Bond Street in 2012. We are retained to roll out a targeted store acquisition programme in the UK. We will open four more stores for Victoria’s Secret in 2013 and have identified further locations for 2014 and beyond.

40,000 SQ FT NEW BOND STREET STORE

Chris Gibson+44 20 7182 [email protected]

Sarah Cohen+44 20 7182 [email protected]

Erin McDonald+44 20 7182 [email protected]

Ed Humbert+44 20 7182 [email protected]

Jonathan Eastwood+44 20 7182 [email protected]

Mark Serrell+44 20 7182 [email protected]

Neil Davies+44 20 7182 [email protected]

Steven Stedman+44 20 7182 [email protected]

Rebeca Guzman Vidal+44 20 7182 [email protected]

James King+44 20 7182 [email protected]

Vanessa Buchan+44 20 7182 [email protected]

NEW RETAILERS

REGENT STINTRODUCED TO

SINCE

802004

LONDON ESTATES TEAM DEALS WITH

MAJOR3 4LANDED ESTATES

DEALSIN 2012

24OXFORD STTRANSACTED ON

170,000

SQ

FT

Aron Samra+44 20 7182 [email protected]

Kevin Farrow+44 20 7182 [email protected]

James Raven+44 20 7182 2221 [email protected]

Eric Eastman+44 20 7182 [email protected]

Tom Stanbury+44 20 7182 2456 [email protected]

Michael Dibley+44 20 7182 [email protected]

ACQUIRED

CENTRAL LONDON

STORES

>40FLAGSHIP

>50%BOND STREGENT STTRANSACTIONSLAST YEAR

&

Richard Alsop+44 20 7182 2617 [email protected]

Phil Cann+44 20 7182 2265 [email protected]

Liz Parsons+44 20 7182 2682 [email protected]

Claire Bradley+44 20 7182 2294 [email protected]

82%

BY INVESTMENT VOLUMES

OF

OXFORD STREETMARKET

SINCE 2010

OXFORD ST

2012TRANSACTIONS

COMPLETED OUT OF THE6 7

580£MILLIONTRANSACTED IN 2012

33%CENTRAL LONDONRETAIL INVESTMENTS

OF

22%RESPONSIBLE FOR

RETAIL PROPERTY

CENTRAL LONDON

SALES VOLUMES

2012

OF

Paul Breen+44 20 7182 2398 [email protected]

Seb Howard+44 20 7182 2531 [email protected]

Toby Hall+44 20 7182 2259 [email protected]

David Muslin+44 20 7182 2524 [email protected]

LEASING ADVICE

ACQUIRED

CAFE ROUGE

‘OFF MARKET’

‘OFF MARKET’

CROWN ESTATE

OXYGEN

AS THEIR FLAGSHIP

RESTAURANT

>50,000

5,000SQ FT

5,000SQ FT

SQ FT

BRASSERIE ZEDEL

LEICESTER SQ

MASH

TRAGUS

INTRODUCED

INTRODUCED

RESTAURANT SPACE

RESTAURANT SPACE

IN THE LETTING OF

COMPRISING

TO THE

&

MARYLEBONE HIGH STREET

CHAPEL PLACE

GOODMAN STEAKHOUSE

SECURING

SECURING

AUBAINE FOR

TO

TO

Claire Lakie+44 20 7182 3144 [email protected]

Iain Coxon+44 20 7182 2051 [email protected]

Henry Lane+44 20 7182 2597 [email protected]

Alan Spencer+44 20 7182 2771 [email protected]

Jonathan Kelley+44 20 7182 2658 [email protected]

TRANSACTED

CONCLUDED RENT REVIEWS

SINCE 2010OXFORD ST

>40%

>£30

ALL LEASE CONSULTANCY

OF

MILLIONPER ANNUM

OF RENT ROLL

2012

WHO WEWORK WITHRETAILERS LANDLORDS

www.cbre.co.uk/retail

This document is produced using FSC (Forest Stewardship Council) certified paper, which is made of 50% wood from sustainable forest, and 50% post consumer reclaimed material. This paper is produced from an ECF (Elemental Chlorine Free) process – a definition for pulp bleached without using Elemental Chlorine. Vegetable based inks were used throughout the print process. This brochure is recyclable.