Shaftesbury PLC, the Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End, has appointed Hanover Green Retail, Cushman & Wakefield and Nash Bond to advise on all aspects of retail leasing across its exceptional portfolio.
All three agencies have worked with Shaftesbury for many years on various advisory roles across the portfolio, and this new agreement will ensure Shaftesbury is best placed to receive optimum and consistent market coverage for the expected recovery of the London retail market in 2021.
The three practices will work in unison across the retail portfolio, which comprises approx. 300 shops totalling 450,000 sqft. in Carnaby, Seven Dials, Soho and Fitzrovia.
In addition to the new agency appointments, Hanover Green Retail has been instructed to advise on all Lease Advisory matters across the retail portfolio.
Samantha Bain-Mollison, Retail Director at Shaftesbury commented: “We are delighted to be able to announce this new, innovative way of working with our advisors. We now have the benefit of three excellent agencies, providing us with an unrivalled balance of knowledge, experience and market-leading insight to help us keep our retail portfolio the most relevant and exciting in the competitive London market”.
Working closely with the retail agents Shaftesbury has secured key lettings including the world flagship for the Rolling Stones and the upsize of the new Adidas icon store in Carnaby, the UK first shops for Away and Unit X in Seven Dials, and London flagship for premium menswear brand END in Soho.
Matthew Hyland, Hanover Green Retail Director added: “The tri-agency agreement is a strategic move to deliver a diverse and highly experienced team to advise on some of the best shops in the West End. We look forward to working together as London emerges from a challenging 2020”.