The Metro Shopping Fund, the joint venture between Land Securities and Delancey, has secured 14,400 sq ft of lettings at Southside shopping centre, Wandsworth SW18.
River Island has taken an 8,900 sq ft, two-level unit on a 10-year lease at £165,000 pa.
Boots has taken an additional 4,000 sq ft, providing a store of 10,000 sq ft on a 10-year lease at £193,000 pa.
The store is billed as one of the company’s “best of Boots” formats.
The Bodyshop has also taken a 1,500 sq ft unit on a 10-year lease at £75,000 pa.
Southside shopping centre comprises 550,000 sq ft of retail, leisure and offices, with five residential blocks above and an adjoining 1,180 multi-storey car park.
Tenants include Waitrose, Uniqlo, Next, Mothercare, H&M, Books Etc, Primark, HMV, a 14-screen Cineworld cinema and a Virgin Active healthclub.
Metro bought Southside in August 2005, taking the total size of the fund to over £0.5bn and the total square footage of the fund’s assets to nearly 1m sq ft across five London retail assets.
The Metro Shopping Fund was advised by Churston Heard and Angerman Goddard & Lloyd.
River Island was advised by Harper Dennis Hobbs, Boots by CBRE and Bodyshop by Savills.
References: EGi News 03/01/07
