AS Retail Does the Double on Tottenham Court Road
Acting on behalf of international lifestyle and furniture brand BoConcept, AS Retail have successfully optimised their estate on Tottenham Court Road in London’s West End.
Quality bedroom furniture brand Sleep 8 have taken c 2,500 sq ft of surplus space at 156/157 Tottenham Court Road on a sublease for 4 years to be their UK flagship store. This successful letting came after a lengthy marketing campaign where two previous deals had, frustratingly, aborted at advanced stages.
Coupled with this letting, we have successfully negotiated a reversionary lease for BoConcept on their adjacent store at 158/159 Tottenham Court Road. Arranged over ground floor and basement totalling some 7,500 sq ft, this store has for years been the UK flagship store for the brand and the reversionary lease has allowed for a total refurbishment of the space.
AS Retail advise many of the BoConcept franchise partners across the UK and Andrew Shepherd at AS Retail who leads on the account commented “After a number of years of dedicated hard work, we are thrilled to have successfully concluded these deals on behalf of our client. Sleep are a highly complementary brand and this letting has a noticeable impact on our client’s financial bottom line; the reversionary lease has secured the future of the UK flagship store which looks stunning post refurb. A big thanks to all involved on all sides of the transactions.”
Kenningham Retail worked alongside AS Retail in the letting at 156/157 Tottenham Court Road. CSP acted for Sleep 8. KLM Real Estate acted for the Landlord.
You can see all of the commercial property listed by AS Retail on NovaLoca here.
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