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Redevco seals sporty lettings

Sports shoe specialist Foot Locker is to open a 3,000 sq ft store at 78 Argyle Street, Glasgow.


Foot Locker has agreed to take a new 15-year lease and will pay a rent of £190,000 pa.


Meanwhile, The Gym, a “pay as you go” gym concept that is open 24 hours a day and is currently on a rapid expansion trail, has taken 18,100 sq ft at 167 to 201 Argyle Street. The Gym has signed a 20-year lease and will pay a rent of £163,800 pa.


David Smith, investment director at Redevco, said: “These are two major lettings for our Argyle Street properties and will build on the recent improvement in sentiment towards the street.”


Cushman & Wakefield represented Redevco and The Gym; Jones Lang LaSalle advised Footlocker.


annabel.dixon@estatesgazette.com


 

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