Austrian investment firm HIH Invest Real Estate has secured three tenants for retail sites in prime high street locations in London and Glasgow.
In London, the firm signed 5,554 sq ft to Chinese clothing store Urban Revivo on the ground floor of 8-12 Neal Street on a 10-year lease. It will be the brand’s first flagship store outside of Asia.
In Glasgow, Holland & Barrett has leased 6,081 sq ft at 36-48 Argyle Street. The store is due to open in September this year.
New Balance has taken a 6,307 sq ft shop at 61-79 Buchanan Street. Both tenants signed for 10-year leases.
Frances Graham, asset manager international at HIH, said: “The lettings reflect not only the high site quality of the properties but also our proactive asset management above all. We look forward to helping shape the changes in the retail asset class in both Glasgow and London’s West End.”
Frank Kindermann, the managing director of asset management, said: “The present market situation makes the signing of 10-year leases an extraordinary achievement. We therefore take particular pride in our successful acquisition of these prestigious and high-net-worth tenants for our properties.”
Last year, fashion retailer Mango signed with HIH for a 9,988 sq ft shop at 61-79 Buchanan Street.
HIH Invest was advised by Cushman & Wakefield.
Photo © HIH Invest Real Estate
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