The Buchanan Partnership
BUCHANAN QUARTER –
TAX INCREMENT FINANCE BUSINESS CASE
Glasgow City Centre Retail Survey 22 November 2010 – rev 5d
www.gvagrimley.co.uk GVA Grimley Ltd Buchanan Quarter TIF – Glasgow City Centre Retail Survey
Contents
1. INTRODUCTION...... 2 2. SURVEY METHODOLOGY...... 5 3. SURVEY RESULTS...... 9 4. FUTURE VACANCY...... 14 5. PROPOSED ADDITIONAL FLOORSPACE ...... 18 6. RETAILER REQUIREMENTS ...... 21 7. RETAILER REQUIREMENTS AND AVAILABLE FLOORSPACE ...... 25 8. SENSITIVITY ANALYSIS ...... 27 9. CONCLUSION ...... 30
22 November 2010 Rev 5d GVA Grimley Ltd Buchanan Quarter TIF – Glasgow City Centre Retail Survey
Appendices
Appendix 1 - Map of Primary and Secondary Retail Areas Appendix 2 - Primary Retail Area Unit Survey Appendix 3 - Secondary Retail Area - Unit Survey
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Tables / Figures
• Table A – Definition of Primary and Secondary Retail Locations
• Table 1 – Average size of units surveyed
• Table 2 – Analysis of vacant units
• Table 3 – Current Retail Floorspace Supply
• Table 4 – Retail Floorspace Capacity
• Table 5 – Additional Retail Floorspace Demand
• Table 6– Analysis of retailer requirements
• Table 7 – Residual Demand for Retail Floorspace
• Table 8 – Sensitivity Testing (Scenario 1)
• Table 9 – Sensitivity Testing (Scenario 2)
• Table 10 – Sensitivity Testing (Scenario 3)
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1. INTRODUCTION
1.1 The Buchanan Partnership (between Land Securities PLC and Henderson Global Investors) owns the existing Buchanan Galleries Shopping Centre in Glasgow. The Galleries (circa 600,000 sq ft) is one of the largest shopping centres in Scotland.
1.2 On behalf of Glasgow City Council, The Buchanan Partnership instructed GVA Grimley Ltd in September 2010 to undertake a survey of retail premises in Glasgow City Centre as part of their Business Case to support their proposal to The Scottish Government for support through the Government’s Tax Increment Finance (TIF) pilot initiative.
1.3 If successful the TIF funding will be used for essential public infrastructure to enable proposed enhancements to the “Buchanan Quarter”. These infrastructure works will be complementary to the commercial developments associated with the Buchanan Quarter but will also help to maximise the wider economic and environmental benefits to Glasgow and the wider city- region that will undoubtedly result following the regeneration of the Buchanan Quarter.
1.4 Buchanan Partnership and Glasgow City Council are of the view that the planned Buchanan Quarter will operate effectively as an integral part of Glasgow City Centre’s Primary Retail Area.
1.5 The Buchanan Quarter Business Case as submitted sets out a proposal to offer 592,222 sq ft (55,000 sq metres) (gross) additional floorspace. This Retail Survey by GVA is concerned only with retail, restaurant or cafe floorspace in Glasgow City Centre (as defined in Appendix 1). Therefore to be consistent with this approach we have calculated the equivalent floorspace from the Buchanan Quarter Business Case for these use classes. This amount to circa 522,000 sq ft . The remainder of this Retail Report by GVA Grimley Ltd uses this latter figure and excludes the proposed floorspace for cinema, leisure and bars to allow for direct comparison with retail floorspace elsewhere in Glasgow City Centre.
1.6 Included within the Buchanan Quarter proposals are:
• a new multi-storey car park and retail concourse adjacent to Queen Street Station to ensure that the proposed new development improves integration between the transport hub and the Buchanan Quarter. This integration will complement the extensive public realm improvements planned for the new Quarter.
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• the Atlas site (185-221 Buchanan Street) on the city block of Buchanan Street / Bath Street / West Nile Street (immediately west of the main entrance to the Galleries) which is proposed to accommodate circa 125,000 sq ft of retail on ground, first and second floors as well as residential apartments on the upper floors (the NNNDR from 185-221 Buchanan Street is excluded from the NNDR calculation in Glasgow City Council’s Tax Increment Financing Buchanan Quarter Business Case).
Purpose of the Retail Survey
1.7 The purpose of this Retail Survey as part of the TIF Business Case is to demonstrate the level of stated retailer requirements which could be satisfactorily accommodated within Glasgow City Centre (in existing vacant retail units and proposed new retail floorspace) assuming the Buchanan Quarter proposals are not implemented. We then go on to examine the likely effect on existing and proposed retail floorspace if the Buchanan Quarter proposals proceed as planned.
1.8 As far as GVA Grimley Ltd is aware no retail survey of the type undertaken here for Glasgow City Centre has been published in recent years.
Retail Impact
1.9 This report is not an assessment of retail impact as it is traditionally undertaken to accompany planning applications for large scale retail developments.
1.10 On behalf of The Buchanan Partnership, GVA Grimley Ltd undertook extensive pre- application discussions with retail experts in both Glasgow City Council and the Glasgow and Clyde Valley Structure Plan Team in the run-up to the preparation and submission of the outline planning application for the Buchanan Galleries extension in April 2007. Agreement was reached through these discussions that an assessment of potential retail impact would not be required for the proposed extension of the Buchanan Galleries, by virtue of the fact that the outline application site lies almost entirely within the Principal Retail Area of Glasgow City Centre as defined by the City Council in their local development plan.
1.11 This view corresponded with Scottish Government Planning Policy (SPP8) at the time of that decision. That policy stated that detailed assessments of need and impact analysis is not required when the proposals are in accordance with the development plan and are located in a defined city or town centre.
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1.12 Glasgow City Council are committed to ensuring that Glasgow City Centre, as the sustainable heart of the city-region and the West of Scotland, will continue to provide a range and intensity of retail and other city centre uses that will consolidate its place as one of the UK’s prime retail locations.
1.13 Glasgow’s Local Development Plan (City Plan 2; December 2009) and the Glasgow and Clyde Valley Structure Plan (2006) both identify a development strategy to deliver this aim, which seeks to provide opportunities to promote modern forms of commercial development in accessible locations, particularly, by sustaining and improving Glasgow City Centre as the commercial focus for Scotland’s largest city-region. The Buchanan Quarter proposals form an integral component of these plans.
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2. SURVEY METHODOLOGY
Assumptions
2.1 GVA Grimley Ltd has used a number of assumptions in their methodology for this Retail Survey. The principal assumptions are set out below.
• The stated retailer requirements and their associated floorspace demands for Glasgow City Centre are accurate at the time of conducting the Retail Survey (September 2010);
• All retail properties not trading on the date the retail survey was carried out are defined as being “vacant” for the purposes of this Retail Survey. This includes units being refitted at the time of the survey which may or may not have an identified retailer operator associated with that refurbished property.
• Based on our local knowledge we have assumed all of the currently identified vacant units will be available at a similar level of floorspace for reoccupation by retail uses during the period of implementation of the Buchanan Quarter.
• Stated retailer requirements could be accommodated without significant constraints within the identified vacant units within the Study Area.
• Stated retailer requirements for “prime” and “secondary” locations correspond to the primary and secondary locations defined in this Study.
• Those floorspace for retailers stating Glasgow as an “aspirational” requirement location has been split equally between GVA Grimley Ltd’s definition of primary and secondary locations;
• The identified proposed additional new retail floorspace in the study area will be developed within the timescale of completing the Buchanan Quarter development
• Suitable retail floorspace to accommodate previously stated requirements for Selfridges (circa 120,000 sq ft) and Harvey Nicholls (60,000 sq ft) will not become available within the timescale of completing the Buchanan Quarter. Their requirements have therefore been removed from the schedules of stated retailer requirements for Glasgow City Centre (provided by retail agents) which form a central part of our analysis;
• The majority of the data collected in the Retail Survey is gross internal floorspace data. However, some of the planning information for proposed development is in the form of
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net floorspace. It should be noted that for the number of units involved this is not considered to have a significant effect on the calculations within the report.
• The Retail Survey captures data relating to all retail uses (Scottish use classes 1, 2 and 3) within the defined study area. Similarly the retailer requirements identified by the agents have looked at demand from prospective tenants within these use classes. Methodology
Date of Retail Survey
2.2 On 3rd September 2010 all retail premises within the defined Study Area (at ground, basement and upper floors) have been surveyed and the data collated.
2.3 This data differentiates by street and by enclosed shopping malls and between the primary and secondary locations as defined. The captured survey data relates to all retail uses (Use Classes 1, 2 and 3) within the defined study area. The principal reason for including all retail use classes is that these existing uses can convert to Class 1 retail use without the need for further planning permission and hence could contribute to overall retail floorspace supply during the time period of implementing the Buchanan Quarter.
Definition of Primary and Secondary Areas
2.4 The Buchanan Partnership and GVA Grimley Ltd have defined the primary and secondary retail areas for Glasgow City Centre for the purposes of this Retail Survey (see Appendix 1 for a map of the primary and secondary areas).
2.5 We have assessed the definition used in this report against The City Council’s Local Development Plan definition of “Primary Shopping Streets”, as defined in City Plan 2 (December 2009).
2.6 The City Plan 2 definition differs in some respects from that of The Buchanan Partnership and GVA Grimley Ltd but in general is quite similar. The City Council’s definition of the primary retail area includes all of the locations listed in Table A (below) and also includes the following:
• Sauchiehall Street (West Nile Street to Douglas Street) – our survey defines this partly as secondary
• Argyle Street (Union Street to Glassford Street) – we have defined this as secondary
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• Gordon Street (Union Street to Buchanan Street) – we have not included this within our survey area
2.7 In terms of the secondary retail area the City Council include:
• Union Street (Argyle Street to Gordon Street)
• Queen Street (Argyle Street to St Vincent Street)
2.8 Our survey definition (see table below) has not included Gordon Street, Queen Street or Union Street and we believe the types of retail tenants on these streets are, in the main, not ones who would occupy space within the Buchanan Quarter proposals.
2.9 The GVA Grimley Ltd / Buchanan Partnership definition also includes Ingram Street due to the types of retail tenants that exist in this location. The level of retail floorspace accounted for by Ingram Street is not too dissimilar to the level of floorspace accounted for by the differences in definition from that of the City Council.
Table A – Definition of Primary and Secondary Retail Locations
Streets / Shopping Centres (– see Appendix 1 for map of streets) Primary Retail • Buchanan Galleries; Area • Buchanan Street; • Sauchiehall Street (Buchanan Street to West Nile Street); • St Enoch Centre; • Princes Square; • Argyle St (Buchanan Street to Union Street)
Secondary Retail • Sauchiehall Street (West Nile Street to Rose Street); Area • Argyle Street (Buchanan Street to Jamaica Street); • Argyle Street (Union Street to Glassford Street) • Ingram Street (Queen Street to Candleriggs);
Vacant premises
2.10 The survey also captures information on all currently vacant retail premises. This includes any properties currently under construction or not operating as a retail unit at the time of the survey. One point worthy of note with this category is where units were being refitted at the time of the survey and may or may not have an identified retailer operator associated with that refurbished property. We have included such units as being vacant for the purposes of the survey. We believe that this approach is more robust as there is no possibility of double- counting retailers who could be planning to relocate to a refurbished unit from elsewhere in the City Centre, who we would have counted as being within an occupied retail unit.
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Proposed Additional Floorspace
2.11 Finally the survey identifies known information on proposed additional retail floorspace within the defined area, provided it has planning permission for retail use. Those in this category have not been constructed at the time of the survey. Newly completed but unoccupied retail floorspace is classified as vacant.
Format of Survey Results
2.12 Full survey results by property address for all the streets and shopping centres within the defined study area have been collated and a summary of these results is shown in Table 1 of this report (below). All survey results, including the retail capacity calculations (as appropriate), have been disaggregated by primary and secondary retail floorspace. In certain instances these have been combined to also offer a cumulative figure for the whole Study Area.
2.13 Approximately one half of the retail units surveyed (51%) are within the City Centre’s three principal shopping centres – Buchanan Galleries, St Enoch Centre and Princes Square. The remainder of the retail units surveyed all have a retail entrance on to either a primary or secondary street as defined above.
2.14 All figures relating to floorspace in the report are expressed in square feet (gross) unless stated otherwise.
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3. SURVEY RESULTS
Average size of retail units
3.1 Table 1 shows the average size of retail units for each of the locations surveyed. It also includes information on the various sizes of units at present for each street. It can be seen from Table 1 that only 15% of all retail units in the defined study area offer 5,000 sq ft or more gross retail floorspace. When individual streets are examined the percentage for the whole survey area does not differ greatly eg. 18% of the retail units on Buchanan Street are larger than 5,000 sq ft. The corresponding figure for Sauchiehall Street is slightly higher at 22% and for Argyle Street is around 17%.
3.2 The higher figure for Sauchiehall Street may be explained by the opportunities for larger scale retail developments in more modern additions to the city’s streetscape.
Table 1: Average size of units surveyed
Number of Street address Average Units Units between Units over Total Size of under 5,000 and 10,000sqft retail unit 5,000sqft 10,000sqft (sqft) Buchanan Street 4,940 58 6 7 71 Sauchiehall 6,286 62 7 10 79 Street Argyle Street 7,728 48 4 6 58 Ingram Street 3,915 21 6 1 28 Buchanan 6,751 80 4 5 89 Galleries St Enoch Centre 4,588 79 6 5 90 Princes Square 1,747 45 4 0 49 All streets & 5,315 393 37 34 464 centres surveyed % of total 84.7% 8.0% 7.3% 100% number of units
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Vacant Units
3.3 Table 2 outlines an analysis of vacant retail units by street. It can be seen that Buchanan Street and Argyle Street have the largest average size of vacant units. However it must be borne in mind that with such small levels of vacant units as this any comparative analysis can have the effect of making the average size of vacant units look relatively large.
3.4 The average size of a vacant retail unit in Glasgow City Centre at September 2010 is just over 3,000 sq ft.
Table 2: Analysis of vacant units
Street address Number of Total vacant Average size of (ranked by average size of vacant units floorspace vacant units (sq ft) vacant unit) (sq ft) Buchanan Street 5 51,555 10,311 Argyle Street 7 56,900 8,128 Sauchiehall Street 7 15,200 2,171 Buchanan Galleries 9 18,700 2,077 Princes Square 4 7,100 1,775 St Enoch Centre 29 49,980 1,720 Ingram Street 6 9,600 1,600 Total 67 207,045 3,090
Key statistics from the Retail Survey
3.5 Some of the key statistics emanating from the September 2010 Retail Survey of Glasgow City Centre are:
• The total existing retail floorspace within the City Centre Primary and Secondary retail areas as surveyed equates to about 2.5 million sq ft;
• For Buchanan Street the average size of a unit is approximately 5,000 sq ft with the largest unit on Buchanan Street (outside a shopping centre) being House of Fraser at circa 109,000 sq ft;
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• Aside from Ingram Street, of all the streets surveyed Buchanan Street has the smallest average size of retail unit (although both St Enoch Centre and Princes Square also have smaller average unit sizes);
• Aside from House of Fraser, the existing Marks & Spencer units at Argyle Street and Sauchiehall Street are the largest existing retail units outside a shopping centre (circa 183,600 sq ft and 100,000 sq ft respectively);
• John Lewis’ in the Buchanan Galleries (circa 301,500 sq ft) is the largest existing retail unit in Glasgow City Centre;
• Other large retail units in the city centre include:
Debenhams, St Enoch Centre (circa 101,700 sq ft),
BHS, St Enoch Centre (50,300 sq ft)
Hamleys, St Enoch Centre (30,000 sq ft)
Primark, Sauchiehall Street (58,100 sq ft)
TK Maxx, Sauchiehall Street (25,900 sq ft)
Primark, Argyle Street (52,500 sq ft)
Boots, Buchanan Galleries (39,000 sq ft)
Next, Buchanan Galleries (37,000 sq ft)
H&M, Buchanan Galleries (37,000 sq ft)
• There is almost 204,000 sq ft of vacant retail floorspace in Glasgow City Centre, which represents 8.3% of the total existing retail floorspace within the Study Area. This vacant floorspace is split across 67 retail units, with the majority (42 units) being within the three shopping centres.
• The St Enoch Centre’s extension in 2010 has resulted in a large number of presently vacant units at the time of the survey (43% of all vacant units in the Study Area)
• Princes Square and Buchanan Street have the lowest number of vacant units of any location in the Study Area;
• The vacant floorspace is higher in proportional terms within the primary area (8.7%) compared to secondary retail areas (8.1%) – see Table 3.
• There is a greater absolute amount of vacant floorspace within the primary retail area than within the secondary area
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• The largest vacant units in the City Centre at the time of the survey are the former Woolworths unit on Argyle St (18,600 sq ft) and the Athenaeum on Buchanan Street (21,055 sq ft);
• Between them Buchanan Street, the Buchanan Galleries and the St Enoch Centre make up 92% of the existing primary retail floorspace in the study area
Summary of Survey Results
3.6 Table 3 offers a summary of the findings from the Retail Survey. The table identifies the primary and secondary floorspace per street / shopping centre and states the amount of vacant retail floorspace on the survey date. On Table 3 those cells which are obscured by cross hatch shading have no relevant entries.
Table 3- Current Retail Floorspace Supply sq feet Proposed additional floorspace (see para Vacant 3.7 and 3.8 Total % Street address Primary Secondary floorspace of report) floorspace vacant Buchanan Street 299,200 51,555 0 350,755 15% Sauchiehall Street 5,100 451,300 15,200 25,011 496,611 3% Buchanan Galleries 582,157 18,700 600,857 3% Princess Square 78,500 7,100 85,600 8% St Enoch Centre 366,490 46,390 412,880 11% Argyle Street 23,645 369,600 55,000 448,245 12% Ingram Street 86,600 9,600 13,422 109,622 9% Vacant (V) 128,645 79,800 Proposed additional floorspace* 0 38,433 Total floorspace 1,483,737 1,025,733 203,545 38,433 2,504,570 Average vacancy in study area at time of survey (%) 8.7 8.1 8.3
3.7 The proposed additional floorspace relates to two specific proposed developments: one on Sauchiehall Street (the Savoy Centre) and one on Ingram Street (the former Bank of Scotland premises at 110 Queen Street), both of which are considered by this Retail Survey to be in secondary locations.
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3.8 In Table 3 the existing retail components of the Atlas site are not included. This is because the proposed retail floorspace for this site (115,000 sq ft) has been included in the Buchanan Quarter proposal for circa 522,000 sq ft of new retail floorspace. Therefore to avoid double counting we have not included this in the existing retail floorspace totals, nor in the proposed additional floorspace for Buchanan Street.
3.9 The average vacancy across the whole study area is 8.3% of total retail floorspace. This does not include the proposed additional retail floorspace referred to above as this has yet to be constructed.
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4. FUTURE VACANCY
4.1 We have assessed the current level of vacancy across the study area as equating to about 8.3% of total floorspace (see Table 3). This is a below average figure in comparison to city centre vacancy rates for retail property across the UK and Scotland.
4.2 It should be recognised that this level of vacancy on a city centre the size of Glasgow equates to approximately 200,000 sq ft across 67 existing retail units. The average size of these units is around 3,000 sq ft (see Table 2). However, as we explain in more detail below, the 8.3% figure is enlarged due to the trading position of a large number of units at the St Enoch Centre at the time of the survey (43% of all vacant units in the survey undertaken September 2010).
4.3 Recognised sources (eg. Goad, Promis) would estimate vacancy rate for retail units in a city centre location across the UK at approximately 10%. However, Glasgow City Centre is second only to London’s Oxford Street in recent rankings of retail offer across UK city centres. Given the potential additional retail floorspace and associated public infrastructure improvements in the Buchanan Quarter and the related social, environmental and economic benefits, together with planned enhancements to transport infrastructure, there are a number of reasons to assume that Glasgow City Centre is very likely to remain as one of the strongest retail offers in the UK in the future.
4.4 In order to ensure the robustness of the analysis in this Retail Survey, we have adopted a vacancy average for an economically thriving Glasgow City Centre over time (and following the implementation of the Buchanan Quarter proposals) of 5%. We believe this is an attainable target vacancy level for the City Centre given its context.
4.5 We are of the view that a level of vacancy is required at any time even in the most vibrant of city centres to allow for changing patterns of retail trade and different occupier requirements. Therefore to demonstrate the effect of this assumption, at any time in the study area used in this report which currently contains about 2.5 million sq ft of retail floorspace (existing or with planning permission) there could be more than 125,000 sq feet of retail floorspace that is vacant.
4.6 As will be seen from the analysis of retailers seeking retail floorspace in Glasgow City Centre (later in this report), this level of vacancy (at 5%) would meet only a proportion of that demand.
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4.7 In our view it also needs to be recognised that a number of these existing city centre vacant units will not meet the specific requirements of retailers seeking to be represented in Glasgow City Centre who make their choice to locate there based on a number of factors which we outline later in this report.
St Enoch Centre
4.8 It should be remembered that this survey has been undertaken in September 2010, within months of the St Enoch Centre extension having been completed (summer 2010). Therefore the vacancy levels exhibited by that shopping centre are unlikely to be representative of the “normal” trading expectations of the centre’s owners.
4.9 Much of this new floorspace at the St Enoch Centre has come to the market during a period of relatively low market demand from retail occupiers. The present 13% of total floorspace in St Enoch that is vacant at the time of this Retail Survey represents 29 retail units out of a total of 90 (excluding the Food Court which is currently fully let). This compares with 9 vacant retail units in the established Buchanan Galleries and 4 vacant units in Princes Square. This demonstrates that although this may seem like a relatively large absolute number of vacant units in the St Enoch Centre at the time of compiling the TIF Business Case, shopping centres of this scale have a proportion of “churn” amongst tenants as retailer requirements alter and their individual circumstances change in relation to the city centre and retail market concerned.
4.10 The average size of the vacant units in the St Enoch Centre is around 1,600 sq ft per unit (see Table 2). If we compare that against the stated retailer requirements outlined later in this report (Table 6) it can be seen that circa 81% of retailers seeking floorspace in Glasgow City Centre are aiming to occupy retail units of less that 5,000 sq ft.
4.11 We can assume that the market research undertaken prior to the development of the St Enoch Centre extension will have seen the floorspace created to match stated demand. Therefore it is likely that the currently vacant units will be occupied by some of these identified retailer requirements in a relatively short timeframe.
4.12 It should be borne in mind that the take-up of these vacant units in the St Enoch Centre will depend on a number of factors, including the terms offered by the shopping centre owners to prospective tenants and available retail adjacencies in terms of proximity to other retailers.
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Future Vacancy Calculation
4.13 Table 4 (row 1) calculates a 5% vacancy assumption across all existing retail floorspace within the study area. This equates to circa 125,000 sq ft in total across primary and secondary retail areas. From this calculation, it is possible from the results of the Retail Survey to calculate the total identified vacant floorspace (as at 3 rd September 2010) over and above the 5% constant. This is set out in the second row and equates to circa 83,000 sq ft across the Study Area.
4.14 To the residual vacant floorspace (subtracting the 5% constant allowance) we have added the proposed additional retail floorspace within the study area (outside the Buchanan Quarter) as set out in Table 3 (circa 38,000 sq ft).
4.15 This offers a snapshot of the total retail floorspace capacity to accommodate retailer requirements assuming a scenario where the Buchanan Quarter proposals are not implemented . We have calculated this as circa 121,000 sq ft, which is broadly evenly split between the primary and secondary retail areas (see Table 4).
Table 4 - Retail Floorspace Capacity sq feet Primary Secondary Total Allowance for 5% retail vacancy as constant (as proportion of total current floorspace) 74,187 51,287 125,474
Identified vacant floorspace in City Centre (over and above 5% constant level) 54,458 28,513 82,972 Proposed additional floorspace (excludes Buchanan Quarter) 0 38,433 38,433 Total floorspace capacity 54,458 66,946 121,405 NB: Table 4 does not add by columns downwards – the first row is a separate calculation for information only. The second and third rows add to the “Total Floorspace Capacity” in the bottom row of Table 4.
4.16 It should be noted that no time lag has been allowed for in this calculation ie. some of the currently vacant floorspace will not be available by the time that the proposed floorspace becomes available. For simplicity we have created a total floorspace capacity figure at the time of completing the retail survey (3 September 2010).
4.17 In summary, prior to the construction of the Buchanan Quarter, there is approximately 203,000 sq feet of retail floorspace that has been surveyed as vacant (see Table 3). We have calculated the amount that this represents over and above a 5% constant vacancy level (eg. approximately 83,000 sq ft in both primary and secondary locations combined). To this we
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add the proposed additional retail floorspace with planning permission yet to be implemented (excluding the Buchanan Quarter proposals).
4.18 We have combined these totals to offer a figure for total available retail floorspace within the study area (see Table 4). We have organised this between Primary and Secondary floorspace.
4.19 This equates to a total available gross retail floorspace capacity of around 125,000 sq ft at the time of the Retail Survey. This includes proposed additional floorspace of approximately 38,500 sq ft.
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5. PROPOSED ADDITIONAL FLOORSPACE
Glasgow City Centre
5.1 At the time of completing this Retail Survey as part of the Buchanan Quarter TIF Business Case there are only two retail proposals with planning permission (or where the City Council are “minded to” grant planning permission) within the Study Area. These are over and above the Buchanan Galleries Extension outline planning permission and the full planning permission relating to the Atlas site (referred to earlier in this report).
5.2 The two retail permissions are at the Savoy Centre on Sauchiehall Street and at the former Bank of Scotland premises at 110 Queen Street (included in our Survey due to the Ingram Street ground floor frontage the building offers to a prospective retail tenant).
5.3 Glasgow City Council has confirmed at the time of writing this report that there are no other proposals for retail floorspace within the Study Area that have unimplemented planning permission, other than those which form an integral part of the Buchanan Quarter proposals referred to above.
Savoy Centre
5.4 In December 2009, Glasgow City Council was “minded to” approve a planning application for the redevelopment of the existing Savoy (shopping) Centre on Sauchiehall Street / Renfrew Street, Glasgow. As far as we are aware a legal agreement relating to the planning application has yet to be signed and therefore no planning permission has been issued.
5.5 The existing Savoy Centre is a traditional “market stall” type retail centre which offers around 100 very small retail units over two floors. The Centre is dated and has been the subject of a number of proposals for redevelopment in recent years. The existing buildings are predominantly of 4 storeys with a central, tower section rising up 13 storeys (known as the Savoy Office Tower).
5.6 The latest proposals retain the Savoy Office Tower and add to its height and indicate a replacement split level retail podium at ground floor with a new building above on upper floors comprising a vertically integrated hotel and office development over 32 storeys. Proposed designs illustrate a very high density development for the existing site. Given current market
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conditions it is questionable whether this will be implemented in its proposed form in the short to medium term.
5.7 Retail proposals consist of just over 25,000 sq ft retail floorspace (see Table 3 of this report). We have no details available on the number or size of retail units proposed.
110 Queen Street (Ingram Street)
5.8 In March 2009 Glasgow City Council granted planning permission for the redevelopment of an existing office block with a ground floor retail unit (vacant for a number of years). The proposed replacement building will see 11 storeys of office floorspace above ground floor retail. The specific size and layout of the ground floor retail units fronting both Ingram Street and Queen Street were left deliberately flexible (at the applicant’s request) by the City Council’s decision.
5.9 The plans we have viewed show up to 8 retail units together with a restaurant / retail unit at ground floor. The total gross retail floorspace permitted by these plans is just less than 13,500 sq ft (see Table 3 of this report). If this development proceeds as approved and 8 retail units are created, this will lead to units with an average floorspace of approximately 1,700 sq ft.
5.10 The building in question has been placed on the market for sale by the owners in September 2010.
Other Town Centres
Silverburn Shopping Centre (Pollok Town Centre)
5.11 The Silverburn shopping centre in the south of the Glasgow urban area (adjacent to junction 2 of the M77) consists of a modern purpose built centre of approximately 800,000 sq ft (gross) offering primary retail floorspace and a number of restaurants.
5.12 In 2009 a planning application was submitted to extend the existing centre by approximately 100,000 sq ft of new retail floorspace. This application was approved by Glasgow City Council in September 2010.
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Out of Centre
Glasgow Harbour
5.13 The landowners at Glasgow Harbour (Peel Group – Glasgow Harbour Ltd) have long held aspirations to create a retail destination approximately 3 miles west of Glasgow City Centre on the banks of the River Clyde. To date a significant amount of high density residential development has been built at this location. A masterplan for the site was approved by Glasgow City Council in 2008.
5.14 An outline planning application from 2009 which seeks to create approximately 280,000 sq ft of new retail floorspace (of which comparison floorspace is proposed to make up 250,000 sq ft - gross) was given a “minded to” grant decision by the City Council in October 2009, subject to the signing of a legal agreement seeking financial contributions towards improvements to public transport facilities to serve the site. At the time of writing this legal agreement was still to be signed.
Summary – additional proposed floorspace
5.15 It can be seen from this section of the report that there is a relatively small amount of proposed additional retail floorspace, outside the Buchanan Quarter, in Glasgow City Centre at November 2010. The two sites in the City Centre with planning permission – the Savoy Centre redevelopment and 110 Queen Street (Ingram Street) in total propose about 38,000 sq ft of retail floorspace.
5.16 The larger retail proposals or sites with planning permission are all located outside the City Centre. Silverburn has planning permission which when implemented will see its retail floorspace extend by about 10%. Silverburn is already a significant retail destination, particularly for the south and south-west of the Glasgow conurbation. Glasgow Harbour Limited, on the other hand, is seeking to create a new large scale retail destination in its own right and its implementation will undoubtedly hinge on overall retail market conditions in the years ahead.
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6. RETAILER REQUIREMENTS
6.1 Following the data capture associated with the Retail Survey we have compared this against information on retailer’s stated requirements for new retail floorspace in Glasgow City Centre. The stated retailer requirements were derived from experienced retail agents (CBRE and DTZ) employed by The Buchanan Partnership for this purpose.
6.2 The retail agents have identified retailer requirements for new floorspace in Glasgow City Centre amounting to more than one million sq ft (see Table 5). This includes the specific retailers being targeted by The Buchanan Partnership for retail units within the Buchanan Quarter, which are stated as exclusive to other stated retailer requirements quoted.
Categorisation of retailer requirements
6.3 This requirement is split into three categories for the purposes of this assessment (see Table 5):
• retailers who have stated requirements for retail floorspace in Glasgow City Centre and who are not currently represented in this location (category a in Table 5);
• those retailers currently represented in Glasgow City Centre but seeking an additional retail unit (exclusive of their current retail floorspace in the City Centre) (category b in Table 5); and
• target retail tenants identified by The Buchanan Partnership for the Buchanan Quarter. Those retailers in category (c) of Table 5 are exclusive of those in the categories (a) and (b) above.
6.4 For avoidance of doubt the retailers in category (b) seeking additional retail units are exclusive of those retailers being targeted by The Buchanan Partnership for the Buchanan Quarter’s proposed retail floorspace (category c).
6.5 Within this new retail requirement, retailers have stated their business preference for either “primary” or “secondary” or locations within Glasgow City Centre. For the purposes of this report we have assumed that the retailer’s definition of “primary” and “secondary” correlates with those used in this Retail Survey by Buchanan Partnership and GVA Grimley Ltd.
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6.6 Other retailers have placed Glasgow City Centre as an “aspirational” location for new premises. We have assumed this aspirational requirement can be split equally between primary and secondary locations. This “aspirational” requirement amounts to 67,500 sq ft in total across 18 retailers.
Total Retail Floorspace Demand
6.7 Table 5 takes the stated retailer requirements for Glasgow City Centre and calculates the total additional retailer floorspace demand for each of the categories outlined above. For the Primary Retail Area this amounts to 853,500 sq ft. For the Secondary Retail Area it is calculated as 194,600 sq ft. In total for Glasgow City Centre this equates to a stated requirement for 1,048,100 sq ft of retail floorspace.
Table 5 Additional Retail Floorspace Demand sq feet Identified retail requirements ** Primary Secondary Total a). new retailer to Glasgow City Centre 193,900 136,100 330,000 b). additional retail unit for existing retailer ( and not one of Buchanan Quarter target retailers) 14,000 11,000 25,000 c). Buchanan Quarter target retailers (exclusive of a & b) - includes Queen Street Station retail and relocations by retailers seeking large premises 645,600 47,500 693,100 Totals 853,500 194,600 1,048,100 ** Information provided by retail agents (CBRE and DTZ)
6.8 These stated retailer requirements will include retailers looking for a short term solution to their retail property requirements in Glasgow City Centre as well as others who are prepared to wait until a retail unit becomes available that meets their optimum retail requirements.
6.9 Within the stated retailer requirement (which totals some 252 retailers) the average size of unit requirement is around 4,200 sq ft, with the largest stated requirements being 90,000 sq ft (Tesco) and 60,000 sq ft (Forever 21) and the smallest being 500 sq ft.
6.10 In Table 6 we have categorised this retailer requirement into those seeking to move into the Buchanan Quarter and those seeking retail floorspace elsewhere in Glasgow City Centre. It can be seen that the retailers requiring space in the Buchanan Quarter have an average floorspace requirement of circa 6,700 sq ft as compared to a smaller average size requirement (2,500 sq ft) for those seeking space elsewhere in the City Centre.
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Retailer requirements and vacant units
6.11 We have assumed that the stated retailer requirement could be – theoretically at least – accommodated within the identified vacant retail floorspace in the Study area. We have also assumed that the proposed new retail floorspace at the Savoy Centre and Ingram Street will be developed within the timescale of completing the Buchanan Quarter development and could accommodate a proportion of these requirements. It is assumed that this proposed new floorspace will also be attractive to these identified retailers not currently in Glasgow City Centre.
6.12 One of the factors examined by GVA Grimley Ltd is whether there are any particular reasons to prevent the identified vacant units from being occupied by new retailers coming to Glasgow. However, of the vacant units listed in our schedule only one falls into this category.
6.13 The retail unit at 50 Argyle Street forms part of a building which is being investigated for structural improvements. The timescale for this retail unit being available to reoccupy is uncertain. Notwithstanding this the scale of the retail unit in the property (2,400 sq ft) is not significant in terms of the total surveyed floorspace. Therefore we have not discounted any of the existing vacant units as part of our further analysis.
Table 6: Analysis of retailer requirements Number of units Seeking Seeking Seeking Total Average units under units units over retailers Size retailer 5,000sqft between 10,000sqft requirement 5,000 and (sq ft) 10,000sqft
Buchanan 79 13 19 111 6,674 Quarter Rest of Glasgow 126 8 7 141 2,500 City Centre % 81% 8% 10% 252
6.14 The Buchanan Quarter retailer requirements average just less than 6,700 sq ft per retailer identified. Even though the majority of the prospective retail tenants identified for the Buchanan Quarter floorspace are looking for retail units of less than 5,000 sq feet (71%), the existence of some 19 retailers seeking more than 10,000 sq ft (including two retailers seeking 60,000 sq ft or more) pushes the average requirement for the Buchanan Quarter up to circa 6,700 sq ft (see Table 6).
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Matching demand with available supply
6.15 Although the information provided by retail agents offers specific requirements by retailer for Glasgow City Centre, we have not attempted to allocate each of these requirements to specific supply (ie. vacant floorspace or proposed additional floorspace). We are of the view that to do so would require a large number of assumptions to be made about the types of units and locations those individual retailers may be willing to occupy. This in turn would affect the robustness of our net capacity calculation.
6.16 These requirements are likely to change over time according to specific circumstances for the property or the retail occupier concerned. A number of factors will come into play in such decisions, including lease terms, neighbouring retailers and uses, specific location within the City Centre, property address, national strategy of the retailer concerned, etc.
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7. RETAILER REQUIREMENTS AND AVAILABLE FLOORSPACE
7.1 Taking the Additional Retail Floorspace Demand (the retailer requirements from the retail agents) from Table 5 and deducting the available retail floorspace (vacant units surveyed minus an allowance for 5% constant vacancy and added to proposed additional floorspace with planning permission) we can calculate a Residual Demand for Retail Floorspace floorspace across the City Centre (see Table 7).
7.2 Again for simplicity we have not appointed particular retailers to specific vacant or proposed floorspace but instead applied the quantum of each to the other. Following this calculation the Residual Demand across the City Centre amounts to about 926,000 sq ft (see Table 7). This total figure assumes 100% of the identified retailer requirements materialise. Later in this report we apply sensitivity testing which raises scenarios where this proportion of the identified requirement may not materialise.
sq feet Table 7 Residual Demand for Retail Floorspace Primary Secondary Total Additional Retail Floorspace Demand (from Table 5) 853,500 194,600 1,048,100 Total available retail floorspace within Glasgow City Centre (from Table 4) 54,458 66,946 121,405 Residual Demand 799,042 127,654 926,696
7.3 Using the current Buchanan Quarter proposals for additional retail and restaurant floorspace (circa 522,000 sq ft) it is clear that if 100% of the retailer requirements came to fruition there would be sufficient demand to occupy all existing vacant floorspace (assuming a 5% constant vacancy) across primary and secondary retail areas within the Study Area and all the proposed Buchanan Quarter retail and restaurant floorspace.
7.4 For consistency we would need to apply a 5% vacancy rate to the Buchanan Quarter proposals which would reduce the total new Buchanan Quarter floorspace in the above comparison to circa 496,000 sq ft. This would mean that the Buchanan Quarter proposals would account for approximately 54% of the identified Residual Demand in Table 7 of this report. If we apply the Buchanan Quarter proposals to the Residual Demand solely within the primary retail areas of the City Centre it would account for 62% of this demand.
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7.5 It is clear from the above analysis that the level of retailer demand expressed to retail agents in relation to Glasgow City Centre is more than sufficient to account for all the proposed new Buchanan Quarter retail floorspace and occupy all vacant retail floorspace (at September 2010) within our City Centre Study Area.
7.6 In order to test the robustness of this analysis we have applied our results to a series of sensitivity tests in the next section of the report.
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8. SENSITIVITY ANALYSIS
8.1 We now go on to consider a number of scenarios which test the sensitivity of the above analysis resulting from the September 2010 GVA Grimley Ltd Retail Survey. These are outlined in turn below with a reason for why each of these scenarios has been selected for testing.
8.2 Each of these scenarios assumes that the Buchanan Quarter proposals are implemented as proposed
Scenario 1: only 50% of the retailer requirements materialise
8.3 We consider this to be the “worst case” scenario . This scenario assumes that only half of the stated retailer requirements come to the Study Area within Glasgow City Centre, including the target retail tenants being earmarked by The Buchanan Partnership for their development.
8.4 It can be seen from Table 8 that even with only 50% of the stated retailer requirements there will still be demand for circa 402,000 sq ft which is not accommodated. However, some of this demand could be met through the 5% vacancy that we have assumed as a constant if the vacancy figure dropped below this level.
8.5 If we then apply the proposed circa 496,000 sq ft Buchanan Quarter retail floorspace (assuming a constant 5% vacancy - to be consistent with the available retail floorspace calculation) and it succeeds in attracting sufficient retailers to achieve 95% occupancy there could potentially be a negative impact of just under 100,000 sq ft on the rest of Glasgow City Centre (see Table 8). To place this in context this would equate to approximately (negative) 4% of the total retail floorspace within the Study Area. It should be noted that this 4% calculation includes all presently vacant floorspace.
8.6 We would emphasise that we consider this to be a “worst case” scenario and would assume that because the Buchanan Quarter retail floorspace is available it will meet the specific requirements of a large number of retailers who have stated their objective to be present in (or occupy an additional retail unit) Glasgow City Centre.
8.7 As an adjunct to Scenario 1 we have calculated the % capacity figure assuming the Savoy Centre and Ingram Street redevelopments are not implemented. This would alter the
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Scenario 1 figure in Table 8 to negative 2% of total floorspace capacity ie. any potential negative impact would be lessened by 2%.
sq feet Table 8: Sensitivity Testing (Scenario 1) Primary Secondary Total Additional Retail Floorspace Demand (at 50%) 426,750 97,300 524,050 Total available retail floorspace within Glasgow City Centre 54,458 66,946 121,405 Residual Demand for Retail Floorspace 372,292 30,354 402,646 Proposed Buchanan Quarter floorspace (at 95% occupancy) 496,242 Net retail floorspace capacity -93,597 % of total City Centre Study Area floorspace -4% If Savoy Centre and Ingram Street additional floorspace is not implemented Scenario 1 figure changes to -2%
Scenario 2: only 75% of the retailer requirements materialise
8.8 A more realistic scenario may be to assume that 75% of the stated retailer requirements will materialise (see Table 9). This would equate to a residual demand for retail floorspace of circa 664,000 sq ft. This is a larger amount of floorspace than that proposed by The Buchanan Partnership for the Buchanan Quarter.
8.9 Therefore under this (what we believe to be a more realistic) scenario there would still be sufficient retailer demand to occupy all currently vacant floorspace in the City Centre’s Primary and Secondary areas, together with all new floorspace proposed by The Buchanan Partnership (see Table 9). The equivalent % figure on retail floorspace capacity would be positive at 8%.
sq feet Table 9: Sensitivity Testing (Scenario 2) Primary Secondary Total Additional Retail Floorspace Demand (at 75%) 640,125 145,950 786,075 Total available retail floorspace within Glasgow City Centre 54,458 66,946 121,405 Residual Demand for Retail Floorspace 585,667 79,004 664,671 Proposed Buchanan Quarter floorspace (at 95% occupancy) 496,242 Net retail floorspace capacity 168,429 % of total City Centre Study Area floorspace 8% If Savoy Centre and Ingram Street additional floorspace is not implemented Scenario 1 figure changes to 7%
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8.10 For comparison (as with Scenario 1) we have also calculated the % capacity figure under Scenario 2 assuming the Savoy Centre and Ingram Street redevelopments are not implemented. This would alter the Scenario 2 figure in Table 9 to 7% of total floorspace capacity, which still represents a significant surplus of demand over and above available vacant or proposed retail floorspace.
Scenario 3: the “neutral” level of retailer requirements to be achieved to equate to 0% of the Study Area floorspace
8.11 For completeness we have added a third scenario to demonstrate the level of retailer requirements that would have to be achieved in order to reach a “neutral” effect from the implementation of the Buchanan Quarter proposals. This figure is 60% of stated retailer requirements coming to fruition for Glasgow City Centre (see Table 10).
8.12 Therefore if 60% of the stated retailer requirements materialise, sufficient demand will exist to occupy all existing vacant retail floorspace in the Study Area, all proposed retail floorspace with planning permission and all floorspace within the Buchanan Quarter proposals (at a constant vacancy level of 5% of total floorspace).
8.13 Please note we have rounded the floorspace figures in Table 10 to the nearest whole percentage point to achieve the “neutral” (0%) net retail floorspace capacity. This 0% figure is equivalent to circa 11,000 sq ft simply because of the scale of retail floorspace across the Study Area.
8.14 This assumes the Savoy Centre and Ingram Street additional retail floorspace is implemented within the timescale for completing the Buchanan Quarter proposals.
sq feet Table 10: Sensitivity Testing (Scenario 3) Primary Secondary Total Additional Retail Floorspace Demand (at 60%) 512,100 116,760 628,860 Total available retail floorspace within Glasgow City Centre 54,458 66,946 121,405 Residual Demand for Retail Floorspace 457,642 49,814 507,456 Proposed Buchanan Quarter floorspace (at 95% occupancy) 496,242 Net retail floorspace capacity 11,214 % of total City Centre Study Area floorspace 0%
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9. CONCLUSION
9.1 GVA Grimley Ltd for The Buchanan Partnership and on behalf of Glasgow City Council has undertaken one of the most extensive studies of available retail floorspace across the principal retail area of Glasgow City Centre in recent years. Given our knowledge of the retail context of Glasgow City Centre we have been able to define the primary and secondary shopping streets (and shopping centres) and include all floorspace in these locations.
9.2 There are a number of key points to make based on the analysis undertaken, including:
• Glasgow offers a strong and robust central retail area. At September 2010 retail floorspace vacancy levels are relatively low and – the recently completed extension to the St Enoch Centre aside - has approximately 91% of its retail units occupied and trading;
• The voids in the enlarged St Enoch Centre at the time of the survey (29 vacant units out of a total of 90) have the effect on skewing the overall vacancy figure. Similarly the former Borders unit on Buchanan Street, prior to being re-let to All Saints.
• The City Centre offers a wide ranging comparison goods offer that has seen it rise to second place in the UK retail rankings in recent years. This fact, together with the sizeable city-region catchment, has led to a very significant level of stated retailer demand to locate within Glasgow City Centre (equivalent to about 40% of the existing retail floorspace of 2.5 million sq ft);
• The level of stated retailer requirements is so significant (over 1 million sq ft of retail floorspace in primary and secondary locations) that there is no possibility that this could be accommodated in Glasgow City Centre without the proposed Buchanan Quarter additional retail floorspace.
• Even if we assumed it was possible to achieve zero vacancy levels in any city centre and all vacant units were available and met the requirements of retailers seeking to locate in Glasgow, current vacant floorspace could only meet one fifth of the stated retailer requirement. This will undoubtedly lead to retailers seeking alternative locations outside Glasgow City Centre or in other cities.
• If 60% of the stated retailer requirements for Glasgow City Centre primary and secondary retail floorspace materialise following The Buchanan Quarter proposals becoming fully operational, we estimate there is sufficient retailer demand to see all currently vacant
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floorspace and all other proposed additional retail floorspace (currently with planning permission) to be occupied within both the primary and secondary retail areas.
• However, (and we believe this is more likely scenario) if 75% of retailer requirements materialise then there will be a positive effect on available floorspace in the City Centre that will see competition for all available retail units and ensure that vacancy periods are minimised in all locations.
• The perception of the “retail circuit” shrinking as a result of the Buchanan Quarter implementation is not borne out by the results of this survey. The “core” retail destinations of Buchanan Street and its two “anchor” shopping centres - St Enoch Centre and Buchanan Galleries – between them exhibit a higher number of vacant retail units and higher levels of vacant floorspace than do Argyle Street and Sauchiehall Street (see Table 2). The latter are often viewed as the two limbs of the “golden Z” whose spine is Buchanan Street.
• Any concerns over increased retail vacancy as a result of relocations to the Buchanan Quarter from other locations in the City Centre should be assured by the results of our survey. As stated above, even in a “worst case” (scenario 1 of our report) of only 50% of retailer requirements materialising vacancy levels across the City Centre will only reach circa 93,000 sq ft (see Table 8). Given that this calculation assumes a 5% constant vacancy this scenario would add approximately 5% vacancy to give a total of around 10%. This is not significantly higher than the current vacancy levels (no TIF scenario) at September 2010 of 8.3%.
9.3 Given the assumptions that we have set out at the start of this report, we believe that the analysis presented in this Retail Survey Report is robust and should prove a useful addition to TIF Business Case being presented by Glasgow City Council and Buchanan Partnership to the Scottish Government.
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APPENDICES
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Appendix 1
Glasgow Central
GVA Grimley 13/4/2010
200 metres Appendix 2
Appendix 2 Primary Retail Area - Unit Survey
Size - Square Status Proprietor Size - square metres (September Status (March Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) 2010) 2010) (Sign GOAD) Use Assessors) Assessors) Vacant units LEGAL & HOUSE OF GENERAL GROUP FRASERS LTD Buchanan PLC 1 HOWICK 9 - 57 Street 109,000 10,000 Same Same House of Fraser TEMPLE COURT PLACE Buchanan 57 - 59 Street 1,600 150 Same Same Planet
MONSOON CHURCH ACCESSORIZE COMMISSIONERS LTD FOR ENGLAND MONSOON PER KING BUILDING STURGE LLP 179 HARROW 7 CASTLE STREET ROAD Buchanan EDINBURGH LONDON 57 - 59 Street 1,900 180 Same Same Accessorize 1 EH2 3AH W2 6NB
CHURCH COMMISSIONERS MOLTEN FOR ENGLAND BROWN LTD PER KING GREEN STREET STURGE LLP ELSENHAM 7 CASTLE STREET BISHOPS Buchanan EDINBURGH STORTFORD 59 Street 1700 150 Same Same Molton Brown 1 EH2 3AH CM22 6DS
HAZELHAW PROPERTIES LTD TIMBERLAND PER SAVILLS (UK) LTD 163 WEST 61 BUCHANAN GEORGE STREET STREET Buchanan GLASGOW GLASGOW 61 Street 3,600 330 Same Same Timberland 1 G2 2JJ G1 3HL Buchanan 55-59 Street 2500 260 Same Same Hugo Boss 1 WARNER BROTHERS BUCHANAN HAZELHAW GALLERIES PROPERTIES LTD (UNIT G/37) ONE LANYON 220 BUCHANAN QUAY STREET Buchanan BELFAST GLASGOW 59-63 Street 6700 620 Same Same USC 1 BT1 3LG G1 WINDSOR LIFE ASSURANCE CO LTD PER ALL SAINTS ABERDEEN RETAIL LTD PROPERTY C15-C17 JACKS INVESTORS PLACE 123 ST VINCENT 6 CORBET STREET PLACE Buchanan GLASGOW LONDON 83-85 Street 2200 210 Ed Hardy Same All Saints 1 G2 5EA E1 6NN
O2 (UK) LTD PER COLLIERS C R E 9 MARYLEBONE LANE Buchanan LONDON 87-89 Street 2300 210 Same Same O2 1 W1V 1HL
PUMA UK CHALLENGE CASTLEBROOK COURT HOLDINGS LTD BARNETT 120 BAKER WOOD LANE STREET LEATHERHEAD Buchanan LONDON SURREY 91 Street 2200 200 Same Same Puma 1 W1U 6TU KT22 7LW WHITTARD OF CHELSEA LTD PER JULIAN GRAVES LTD UNIT 95 SECOND AVENUE J LEON & PENSNETT COMPANY LTD TRADING 32 HAMPSTEAD ESTATE HIGH STREET KINGSWINGFOR Buchanan LONDON D 95 Street 900 80 Same Same Whittard 1 NW3 1JQ DY6 7FT CARPHONE WAREHOUSE J LEON & LTD COMPANY PROPERTY 99 BUCHANAN DEPT STREET 1 PORTAL WAY Buchanan The Carphone GLASGOW LONDON 99 Street 1000 90 Same Same Warehouse 1 G1 3HF W3 6RS
Tenant - BROWNING ENTERPRISES LTD 7/10 CHANDOS STREET CAVENDISH SQUARE LONDON - T C S FREEHOLD Occupier INVESTMENTS BROWNING LTD ENTERPRISES TOWN CENTRE LTD HOUSE 7/10 CHANDOS THE MERRION STREET CENTRE CAVENDISH Buchanan LEEDS SQUARE 105 Street 2100 200 Same Same Dune Shoes 1 LS2 8LY LONDON
T C S FREEHOLD INVESTMENTS SANDYMERE LTD PER LAND & LTD PROPERTY NEW TIMPSON MANAGEMENT HOUSE LTD CLAVERTON STRATHEARN ROAD HOUSE WYTHENSHAW 211 HOPE STREET E Buchanan Timpson Shoe Repair GLASGOW MANCHESTER 109 Street 400 40 Same Same & Key Cut 1 G2 2UW M23 9TT
SOUTH TYNESIDE METRO BOROUGH COUNCIL (TYNE & WEAR PENSION FUND) PER GOODMAN LUSH RETAIL PROPERTY LTD INVESTORS 29 HIGH 123 ST VINCENT STREET STREET POOLE Buchanan GLASGOW DORSET
- West Side of Street Side - West 111 Street 700 70 Same Same Lush 1 G2 5EA BH15 1AB
ROYAL LONDON MUTUAL ODDS INSURANCE SOCIETY LTD PER C B RICHARD T G I FRIDAY'S ELLIS UK LTD PACIFIC HOUSE 960 CAPABILITY 70 WELLINGTON GREEN STREET LUTON Buchanan GLASGOW BEDFORDSHIRE Street 4900 460 Same Same TGI Fridays 3 G2 6UA LU1 3PE
BRITISH AEROSPACE PENSION FUNDS TRUSTEES LTD PER JONES LANG THE WHITE LASALLE COMPANY 150 ST VINCENT 123 BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 123 Street 3200 290 Same Same The White Company 1 G2 5ND G1 2JA
BRITISH AEROSPACE PENSION FUNDS TRUSTEES LTD HOBBS LTD T/A PER JONES LANG HOBBS LASALLE 122 150 ST VINCENT GLOUCESTER STREET AVENUE Buchanan GLASGOW LONDON 127 Street 2800 260 Same Same Hobbs 1 G2 5ND NW1 8HX
BRITISH AEROSPACE PENSION FUNDS TRUSTEES LTD PER NELSON BAKEWELL GRAHAM TISO 80 GEORGE 129 BUCHANAN STREET STREET Buchanan EDINBURGH GLASGOW 129 Street 2900 270 Same Same Tiso 1 EH2 3BU G1 2JA L N C REAL ESTATE LTD PER JONES LANG PHONES 4 U LASALLE LTD 150 ST VINCENT 131 BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 131 Street 1200 110 Same Same Phones 4 U 1 G2 5ND G1 2JA L N C REAL ESTATE LTD PER JONES LANG T M LEWIN LASALLE 6/7 CROSS 150 ST VINCENT STREET STREET COURTYARD Buchanan GLASGOW LONDON 133 Street 1300 120 Same Same TM Lewin 1 G2 5ND EC1N 8UA BANK OF SCOTLAND L N C REAL GROUP ESTATE LTD PER PROPERTY JONES LANG DEPT LASALLE TRINITY ROAD 150 ST VINCENT HALIFAX STREET WEST Buchanan GLASGOW YORKSHIRE 137 Street 2100 200 Same Same Vacant Bank G2 5ND HX1 2RJ
ROYAL LONDON MUTUAL THE APPLE INSURANCE PER STORE NB REAL ESTATE 100 NEW 25 SACKVILLE BRIDGE STREET STREET Buchanan LONDON LONDON 147 Street 6200 580 Same Same Apple 1 W1S 3HQ EC4V 6JA
ALBA PROPERTIES PER CHESTERTON NORTH FACE, 155 4/01, 48 ST VINCENT BUCHANAN Buchanan STREET, GLASGOW, STREET, GLASGOW, 153-155 Street 3000 280 Same Same North Face 1 G2 5TS G1 2JX ALBA PROPERTIES URBAN PER CHESTERTON OUTFITTERS, 36/38 4/01, 48 ST VINCENT KENSINGTON HIGH Buchanan STREET, GLASGOW, STREET,LONDON, 159 Street 3500 330 Same Same Urban Outfitters 1 G2 5TS W8 4PF Buchanan Townhouse 179 Street 400 40 Same Fashion Village Vacant Buchanan 179 Street Same The Athaneum Vacant 21055
CITY BARBERS (UK) LTD PER MURRAY & CO CHARTERED ACCOUNTANTS, 149 AMIN HUSSAIN, 197 DALSETTER Buchanan BUCHANAN STREET, AVENUE, 197 Street 1900 180 Same Maia (gift shop) City Barbers Uk 1 GLASGOW, G1 2JZ GLASGOW, G15 8TE Buchanan 199 - 201 Street 1900 180 Same Same Buchanan Tea Rooms 3 ATLAS INVESTMENTS MRS D LTD, 2ND FLOOR/ GALLAGHER, THE ATLANTIC HOUSE, GALLERIES, 203 CIRCULAR ROAD, BUCHANAN Buchanan The Gallery Public DOUGLAS, ISLE OF STREET, GLASGOW, 203 Street 2000 180 Same Same House 3 MAN, IM1 1SQ G1 2JZ Buchanan 205a Street 100 10 Same Same Snax In The City 3
CANDY & SHAKE, UPPER, 209 MITCHELL & BUTLER BUCHANAN Buchanan PLC, 27 FLEET STREET, STREET, GLASGOW, 209 - 211 Street 1500 140 Same Same Candy & Shake 1 BIRMINGHAM, B3 1JP G1 2JZ Proposed Atlas 213 VACANT VACANT Vacant site 0
Buchanan Proposed Atlas 215 Street VACANT VACANT Vacant site 0 Buchanan Proposed Atlas 217 Street VACANT VACANT Vacant site 0
Buchanan Proposed Atlas 219 Street VACANT VACANT Vacant Outlet site 0
BRITEL FUND ARCADIA GROUP TRUSTEES HERMES PLC, PROPERTY & PROP ASSET STORE MANAGEMENT LTD DEVELOPMENT(3R PER, CUSHMAN & D F), COLGRAVE WAKEFIELD LLP, 120 HOUSE 70 BERNERS Buchanan BOTHWELL STREET, STREET, LONDON, 229 Street 4700 430 Same Same Top Shop 1 GLASGOW, G2 7JS W17 3NL BRITEL FUND TRUSTEES VIRGIN PER G L HERMES PROP HEARN ASSET LEONARD MANAGEMENT HOUSE LTD PER 5-7 CUSHMAN & MARSHALSEA WAKEFIELD LLP ROAD 120 BOTHWELL LONDON STREET BRIDGE Buchanan GLASGOW LONDON 235 Street 7800 730 Same HMV Zavvi 1 G2 7JS SE1 1EP BRITEL FUND TRUSTEES J D SPORTS HERMES PROP P14 ASSET PARKLANDS/HE MANAGEMENT YWOOD LTD PER DISTRIBUTION CUSHMAN & PARK WAKEFIELD LLP POLSWORTH 120 BOTHWELL ROAD STREET HEYWOOD Buchanan GLASGOW LANCASHIRE 237 Street 12800 1190 Same JD JJB 1 G2 7JS OL10 2TT BRITEL FUND TRUSTEES ARCADIA HERMES PROP GROUP PLC T/A ASSET DOROTHY MANAGEMENT PERKINS & LTD PER BURTON CUSHMAN & MENSWEAR WAKEFIELD LLP UNITS 1 & 2 120 BOTHWELL 249 BUCHANAN STREET STREET Buchanan Dorothy Perkins & GLASGOW GLASGOW 249 Street 4400 410 Same Same Burtons 1 G2 7JS G1 2NG
THE PRUDENTIAL ASSURANCE CO LTD PER PRUDENTIAL PROPERTY INVESTMENT MANAGERS LTD PRINCETON HOUSE 271/273 HIGH HOLBORN Buchanan LONDON premises under 16 - 18 Street 5900 550 Same Same Zara 1 WC1V 7NE construction premises under construction - SA BAM BUCHANAN H B G (BUCHANAN LTD PER REITH LTD) PER REITH LAMBERT LAMBERT 24 24 BLYTHSWOOD BLYTHSWOOD SQUARE SQUARE Buchanan GLASGOW GLASGOW 20 Street Same Vacant G2 4BG G2 4BG Buchanan 20 - 24 Street Same Vacant Dorothy Perkins 5600 Buchanan 26 Street Same Vacant Early Learning Centre 3400
H B G (BUCHANAN LTD) PER REITH LAMBERT MAPPIN & WEBB 24 BLYTHSWOOD 28 BUCHANAN SQUARE STREET Buchanan GLASGOW GLASGOW 28 Street 1600 150 Same Same Mappin & Webb 1 G2 4BG G1 3LB
ROYAL LIVER GOLDSMITHS ASSURANCE LTD GROUP PLC ROYAL LIVER GOLDSMITHS BUILDING HOUSE PIER HEAD 2 ELLAND ROAD Buchanan LIVERPOOL LEICESTER 32 Street 900 90 Same Same Goldsmith Jewellers 1 L3 1HT LE3 1TT TENANT - NEXT NEXT PLC PLC PROPERTY PROPERTY DEPARTMENT DEPT DESFORD ROAD DESFORD ROAD ENDERBY ENDERBY Buchanan LEICESTER LEICESTER 34 Street 2100 190 Same Same Coast 1 LE9 5AT LE9 5AT
KAREN MILLEN REDEVCO UK 2 BV PURCHASE PER C B RICHARD LEDGER ELLIS 13-16 LAKESIDE PACIFIC HOUSE STANTON 70 WELLINGTON HARCOURT STREET WITNEY Buchanan GLASGOW OXON 38 Street 1700 160 Same Same Karen Millen 1 G2 6UA OX29 5TR GUARDIAN ASSURANCE PLC BALLAM ROAD HUTCHISON 3G LYTHAM 42 BUCHANAN ST ANNE'S STREET Buchanan LANCASHIRE GLASGOW 42 Street 2200 210 Same Same 3 Store 1 FY8 4JZ G1 3JX
GUARDIAN L'OCCITANE EN ASSURANCE PLC PROVENCE BALLAM ROAD 15-19 LYTHAM CAVENDISH ST ANNE'S PLACE Buchanan L'Occitane en LANCASHIRE LONDON 46 Street 1100 100 Same Same Provence 1 FY8 4JZ W1G 0QE
PRINCES SQUARE CONSORTIUM PER CURVES & LACE C B RICHARD PRINCES ELLIS SQUARE (1ST PACIFIC HOUSE 39) 70 WELLINGTON 48 BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 48 Street Same Same Curves & Lace G2 6UA G1 3JX SHOE STUDIO HAZELHAW PER MOSAIC PROPERTIES LTD CUSHION LTD ONE LANYON 69-77 PAUL QUAY STREET Buchanan BELFAST LONDON 50 Street 2600 240 Same GIVe The Shoe Studio BT1 3LG EC2A 4PN
ARDEL INVESTMENTS OFFICE LTD PER MC HOLDINGS LTD CLURE WATTERS 9-10 GREAT NUMBER ONE SUTTON LANYON QUAY STREET Buchanan BELFAST LONDON 54-56 Street 1400 130 Same Same Office BT1 3GP EC1V 0BX
HERMES PROPERTY ASSET MANAGEMENT LTD PER RUSSELL & CUSHMAN & BROMLEY LTD WAKEFIELD LLP 24-34 FARWIG 120 BOTHWELL LANE STREET BROMLEY Buchanan GLASGOW KENT 60-62 Street 2100 200 Same Same Russell & Bromley G2 7JS BR1 3RB NEXT PLC ALDO UK LTD DESFORD ROAD 64 BUCHANAN ENDERBY STREET Buchanan LEICESTER GLASGOW 64 Street 2100 200 Same Same Aldo LE9 5AT G1 3JE
BRITISH AIRWAYS PENSION MONSOON TRUSTEES LTD ACCESSORIZE WHITELOCKE LTD HOUSE 2-4 79 HARROW LAMPTON ROAD ROAD Buchanan HOUNSLOW LONDON 66-72 Street 5500 510 Same Same Monsoon TW3 1HU W2 6NB
LYNETTE LEISURE AMERICANO LTD PER INTERNATIONAL COLLIERS CRE LTD 9 GEORGE 78 BUCHANAN SQUARE STREET Buchanan GLASGOW GLASGOW 78 Street 1800 170 Same Same Bench G2 1DY G1 3HA - East Side of Street Side - East
LYNETTE LEISURE
EVENS INVESTMENTS LTD PER LYNETTE LEISURE GROUP VODAPHONE 23 ROYAL LTD EXCHANGE 90 BUCHANAN SQUARE STREET Buchanan GLASGOW GLASGOW 84-90 Street 2100 19 Same Same Vodafone G1 3AJ G1 3HA
ALL SAINTS DEMPSEY ASSETS RETAIL LTD LTD PER DTZ C15-C17 JACKS DEBENHAM PLACE THORPE 6 CORBET 5-7 HILL STREET PLACE Buchanan All Saints EDINBURGH LONDON 98 Street 20000 2000 Lower Floor VACANT Borders - VACANT EH2 3JP E1 6NN 20000
NATIONWIDE NATIONWIDE BUILDING BUILDING SOCIETY SOCIETY 106 BUCHANAN 106 BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 106 Street 3200 29 Same Same Nationwide G1 2JN G1 2JN NATIONWIDE BUILDING SOCIETY EDINBURGH NATIONWIDE WOOLLEN MILL HOUSE 112 BUCHANAN PIPERS WAY STREET Buchanan SWINDON GLASGOW 110-112 Street 1300 1200 Same Same Hector Russell SN38 1NW G1 2JN ELECTRICITY SUPPLY NOMINEES LTD PER WORKMAN & DIESEL PARTNERS (LONDON) LTD 78 ST VINCENT 55 ARGYLE STREET STREET Buchanan GLASGOW LONDON 116-118 Street 1400 130 Same Same Diesel G2 5UB WC1H 8EF ROYAL LONDON MUTUAL INSURANCE PER NELSON BAKEWELL A JONES & HOBART HOUSE SONS PLC 80 HANOVER 18 MAPLE ROAD STREET EATBOURNE Buchanan EDINBURGH EAST SUSSEX 122-124 Street 900 80 Same Same Jones EH2 1EL BN23 6N2
ORANGE RETAIL LTD ROYAL LIVER PURCHASE ASSURANCE LTD LEDGER DEPT / PER D L A GLOBAL HOUSE SOLICITORS SENHOUSE 249 WEST ROAD GEORGE STREET DARLINGTON Buchanan GLASGOW CO DURHAM 126-128 Street 1000 100 Same Same Orange G2 4RB DL1 4YQ Buchanan James Pringle 130 - 134 Street 1700 160 Same Same Weavers Buchanan Starbucks Coffee 136 - 140 Street 1900 170 Same Same Shiop Buchanan 142 - 152 Street 18400 1710 Same Same New Look Buchanan 154 Street 700 70 Same Same Pizza Crolla Buchanan 156 Street 900 80 Same Virgin Media Vacant Outlet ORIGINAL SHOE COMPANY C/O JJB ALBA LIFE LTD SPORTS PLC PER MARTLAND CHESTERTON 4/01 PARK 48 ST VINCENT CHALLENGE STREET WAY Buchanan GLASGOW WIGAN 160 Street same VACANT Original Shoe Co G2 5TS WN5 0LD 1500
BRITANNIC ASSURANCE PLC PER ARGENTO CHESTERTON 4/01 164B 48 ST VINCENT BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 162 Street 700 60 Same Same Argento Jewellery G2 5TS G1 2LW
ALBA LIFE LTD GREGGS OF PER BNP PARIBAS RUTHERGLEN REAL ESTATE SOUTHCROFT 20 CHARLOTTE ROAD SQUARE RUTHERGLEN Buchanan EDINBURGH GLASGOW 162 Street 700 70 Same Same Greggs EH2 4DF G73 1UE
BRITISH OVERSEAS BANK NOMINEES LTD & W G T C NOMINEES LTD PER KING TWINMAR LTD STURGE LLP MAXTED ROAD 7 STRATFORD HEMELHEMPST PLACE EAD Buchanan LONDON HERTS 164A Street 1900 180 Same Same Sole Trader W1N 9AE HP2 7DX
ESSEL SECURITIES LTD FORBIDDEN PER SPEIRS PLANET PARNIE (SCOTLAND) PROPERTY LTD MANAGEMENT 168 BUCHANAN 192 BATH STREET STREET Buchanan GLASGOW GLASGOW 168 Street 2000 180 Same Same Forbidden Planet G2 4LE G1 2LW STRATHCLYDE P'SHIP FOR TRANSPORT PROPERTY SERVICES ALBA SMART OFFICER THINKING CONSORT HOUSE 36 NORTH 12 WEST GEORGE HANOVER STREET STREET Buchanan GLASGOW GLASGOW 170 Street 2000 190 Same Same Information Centre G2 1HN G1 2AH excluding Total vacant units 299,200 28,508 51,555
Size - Square Proprietor Size - square metres Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors)
BUCHANAN PARTNERSHIP PER DTZ DEBENHAM TIE Same but part LEUNG floorspace split in 199 ST VINCENT Atrium (Brewhaha STREET Buchanan and Coffee GLASGOW MSU 1 Galleries 29,881 2,777 same Republic) H&M G2 5QD Buchanan John Lewis Galleries Same Same (basement) see below Buchanan K4 Galleries 100 10 Same Same Simply Yours Florist
RETAIL SCOTIA BUCHANAN LTD T/A PARTNERSHIP KORRES PER DTZ BUCHANAN DEBENHAM TIE GALLERIES(LG- LEUNG 1 ) Lower Floor 199 ST VINCENT 220 BUCHANAN STREET STREET Buchanan Korres Health & GLASGOW GLASGOW 1 Galleries 550 55 Same Same Beauty G2 5QD G1 2GF Buchanan 1a ? Galleries 400 30 Same Same Crepe a Croissant Buchanan 1A Galleries 889 90 Same Same Millies Cookies Buchanan 2 Galleries 756 75 Same Same The Whiskey Shop Buchanan 3 Galleries 1184 120 Same Same Costa Coffee Buchanan Galleries 100 10 Same Same Fuel Takeaway Buchanan 4-6 Galleries 19421 1,805 Same Same Sainsbury
Size - Square Proprietor Size - square metres Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors)
Buchanan 1 Galleries 547 60 Fragrance Same Vacant Buchanan 2 Galleries 1534 160 Same Same Red 5 Buchanan 3 Galleries 1168 120 Same Same Papyrus Buchanan 4 Galleries 1355 120 Same Café Nero Reiker Shoes Buchanan 5 Galleries 1132 120 Same Same Jessops Photos Buchanan 6 Galleries 6900 690 Same Same H & M Buchanan 7 Galleries 6558 650 Same Same Miss Selfridge Buchanan 8 Galleries 6200 620 Top Man Same Principles Buchanan 9 Galleries 6187 610 Same Same Wallis Buchanan 10-11 Galleries 11200 1040 Same Same River Island Buchanan 12 Galleries 4349 430 Mango VACANT O'Neill Buchanan 13 Galleries 1474 140 Same Same Fred Perry Buchanan 14 Galleries 740 72 Same Same Thomas Sabo Buchanan LSU 1 Galleries Same Same John Lewis see below Buchanan 15 Galleries 1677 160 Same Same Goldsmith Buchanan 16 Galleries 1950 195 Same Same BabyGap Buchanan 17 Galleries 2426 240 Same Same Tmobile Buchanan 18 Galleries same VACANT Envy 2300 Buchanan 19 Galleries 2981 280 Same Same La Senza Buchanan 20 Galleries 3326 330 Same Same Oasis Buchanan 21 Galleries 1000 100 Same Same Accessorize Buchanan 22 Galleries 1277 120 Same Same Game Buchanan 23 Galleries 1000 100 Same Same Carphone Warehouse Buchanan 24 Galleries 2496 240 Same Same Clinton Cards Buchanan 25-26 Galleries 2434 240 Same Same Republic Clothing
Buchanan 7 Camicie Roma Galleries ? Same (menswear) Vacant Outlet Buchanan 27 Galleries 1300 120 Same Same Ernest Jones Buchanan Ground Floor 28 Galleries 1534 150 Same Same O2 Telephones Buchanan K3 Galleries 300 30 Same Same Flight Travel Centre Buchanan MSU 2 Galleries Same Same Boots see below Buchanan MSU 3 Galleries Same Same Next Clothing see below Buchanan 29 Galleries 1200 110 Same Same Claires Accessories Buchanan 30 Galleries 2305 140 Lipsy VACANT Moda Ladieswear Buchanan 31 Galleries 3076 300 Same Same Jane Norman Buchanan 32 Galleries 2100 210 Same Same H Samuel Buchanan Bay Trading & 33 Galleries same VACANT Barratts Shoes 1900 Buchanan 34 Galleries VACANT Same Mango 3900
Buchanan 2239 230 35 Galleries Same Same Warehouse
Buchanan 271 27 36 Galleries Same Tie Rack Vacant outlet Buchanan 37 Galleries 2900 270 Same Same Disney Buchanan 38 Galleries 1100 100 Same Same Swarovski Buchanan 39 Galleries 1500 130 Same Same Quiz Buchanan 40 Galleries 600 50 Same Same Perfume Shop Buchanan Galleries 100 10 Same Same Ben & Jerrys icecream Buchanan 41 Galleries 800 80 Same Same Thorntons Buchanan 42 Galleries same VACANT Birthdays 1300 Buchanan 43 Galleries 1834 130 Same Same Phones 4 U Buchanan 44 Galleries 2267 160 Same Same Ann Harvey Buchanan 45 Galleries 1802 160 Same Same Levis Buchanan 46 Galleries 7543 400 Same Same GAP Buchanan K2 Galleries 300 30 Sblendid Tie Rack Buchanan K1 Galleries 200 20 Same Sunglass Hut Watch Station
Buchanan Galleries same Same John Lewis see below
JACQUES VERT WEBBER PAVILLION / HALE DEAN BUCHANAN WAY PARTNERSHIP SEAHAM PER DTZ GRANGE DEBENHAM TIE INDUSTRIAL LEUNG ESTATE 199 ST VINCENT SEAHAM STREET COUNTY Buchanan GLASGOW DURHAM 1 Galleries 1700 160 Same Same Jacques Verts G2 5QD SR7 0PZ BUCHANAN PARTNERSHIP PER DTZ DEBENHAM TIE LEUNG ECCO SHOES 199 ST VINCENT 220 BUCHANAN STREET STREET Buchanan GLASGOW GLASGOW 2 Galleries 1400 130 Same Ecco Robert Jenkins Shoes G2 5QD G1 2GF
ACTIVE LEISURE PRODUCTIONS T/A QUICKSILVER BOARDERS CLUB 220 BUCHANAN STREET Buchanan GLASGOW 3 Galleries 2711 270 Same Same Quiksilver clothing As above G1 2GF Buchanan 4 Galleries Same VACANT Envy Clothing As above 2100 J & W GREAVES LTD 23 GORDON STREET Buchanan GLASGOW 5 Galleries 2100 200 Same Same Greaves Sports As above G1 3PW Buchanan 6 Galleries 2900 2700 Same Pure Free Spirit Clothing As above Buchanan Trade Secret Health 7 Galleries 1200 110 Same Same and Beauty As above Buchanan 8 Galleries VACANT Same Calendar Club As above 900 HAWKINS BAZAAR (SHOPS) LTD THE OLD AERODROME WORLINGHAM BECCLES Buchanan SUFFOLK 9 Galleries 1608 160 Same Same Hawkins Bazaar As above NR34 7SP VISION EXPRESS (UK) LTD ABBEYFIELD ROAD LENTON Buchanan NOTTINGHAM 10-11 Galleries 2500 2400 Same Same Vision Express As above NG7 ORTAK JEWELLERY HATSTON First Floor KIRKWALL Buchanan ORKNEY 12 Galleries 1100 100 Same Same Ortak As above KW15 1RH
PHASE EIGHT BUCHANAN GALLERIES (1- 13) 220 BUCHANAN STREET Buchanan GLASGOW 13 Galleries 1296 130 Same Same Phase Eight As above G1 2GF Buchanan MSU 3 Galleries 27439 2750 Same Same NEXT As above Buchanan H & M - Now Boots MSU 4 Galleries Same Boots ??? see below As above
Buchanan Frametailor K 5 Galleries 300 30 Same (glasses maker) Vacant outlet As above O V GLASGOW LTD T/A OIL & VINEGAR 220 BUCHANAN STREET Buchanan Oil & Vinegar deli and GLASGOW 14 Galleries 944 100 Same Same gifts As above G1 2GF Buchanan 15 Galleries 1610 130 Same Same Starbucks As above
Buchanan relocated to St 16 Galleries VACANT Same Junior Station Enoch centre As above 1800
HAMLEY'S T/A BEAR FACTORY 220 BUCHANAN STREET Buchanan GLASGOW 17 Galleries 3537 260 Same Same Build-A-Bear As above G1 2GF Buchanan 18a Galleries 5940 280 Same Same Lakeland As above Buchanan 18b Galleries VACANT Same Mango As above 3700 Buchanan 19 Galleries 2886 160 Same Same Cecil G Menswear As above Buchanan 20 Galleries VACANT Arran Aromatics KSHocolate As above 800 Buchanan C & C ladieswear / 21 Galleries 1500 140 Same Same menswear As above AUSTIN REED LTD P O BOX 2 THIRSK Buchanan NORTH 22 Galleries 3988 250 Same Same Austin Reed As above YORKSHIRE
ELVI LTD 220 BUCHANAN STREET Buchanan GLASGOW 23 Galleries 2179 220 Same Men Kind Elvi As above G1 2GF
EAST LTD 220 BUCHANAN STREET Buchanan GLASGOW 24 Galleries 2161 1700 Same Same East ladieswear As above G1 2GF
Buchanan MSU 2 Galleries 9,400 880 Same Same NEXT Buchanan MSU 4 Galleries 38,949 3900 Same Same Boots Buchanan K6 Galleries 300 30 Same Same Café Italiano Secon Buchanan d Floor K1 Galleries 1,100 100 Same Same Burger King Buchanan K2 Galleries 700 70 Same Same Eastern Treats Buchanan K3 Galleries 800 80 Same Same Café Select Buchanan LSU 1 Galleries 301446 9000 Same Same John Lewis Total 582,157 41,106 18,700
Size - Square Status Proprietor Size - square metres (September Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) 2010) Status (Sign GOAD) Use Assessors) Assessors)
St Enoch 1 Centre 1,225 115 same Same Folil Follie St Enoch 2 Centre 2,750 250 Costa VACANT Costas St Enoch 3 Centre 1,000 100 Cake Clothing VACANT Vacant ? St Enoch 4 Centre 1,300 120 Ortak VACANT Vacant ? St Enoch 5 Centre same VACANT Vacant ? 1000 St Enoch 6 Centre same VACANT Vacant ? 1000 St Enoch 7 Centre 1,100 100 same Same Warren james St Enoch 8 Centre same VACANT Greggs 300 St Enoch 9 Centre 300 30 same Same Millies Cookies St Enoch Under 10 Centre Vacant construction 300 St Enoch Under 11 Centre 1,300 120 Nandos construction St Enoch Under 12 Centre 1,000 10 Greggs construction St Enoch Boots The chemist conversion to 13 Centre Vacant Same (basement floor) Tesco Metro 5000 St Enoch 14 Centre 13,500 1,250 same Same Boots The chemist St Enoch 15 Centre 1600 150 same Same Quiz St Enoch 16 Centre 1700 160 same Same The Body Shop St Enoch 17 Centre 1500 140 same Same Garage Shoes St Enoch 18 Centre 1400 130 same Same H Samuel St Enoch 19 Centre 2200 200 same Same D2 St Enoch 20 Centre 2200 200 same Same M & co St Enoch 21 Centre same Same Vacant ? 1600 St Enoch 22 Centre 1600 140 same Same Game St Enoch 23 Centre 1700 160 same Same Gimme Gizmo St Enoch 24 Centre 1600 150 same Same Core Clothing St Enoch 25 Centre 1800 160 same Same Colours St Enoch 26 Centre 1500 140 same Same O'Briens St Enoch 27 Centre 3100 290 same Same Clintons St Enoch 28 Centre 5600 52 same Same Jacksons The Taylor St Enoch 29 Centre 35300 328 same Same BHS St Enoch 30 Centre 2900 270 same Same Barratts St Enoch 31 Centre 1400 130 Rebel Rebel Same Destiny St Enoch 32 Centre 1000 90 same Same Claires Accessories St Enoch Herbs and 33 Centre 1400 130 same Accupuncture Vacant ? St Enoch 34 Centre 6600 610 same Same Madhouse Clothing St Enoch 35 Centre 2300 210 Jr Station VACANT Bay Trading St Enoch 36 Centre 3,800 350 same Same Disney Store St Enoch 37 Centre 2,300 210 Officers Club Same Envy St Enoch 38 Centre 1,800 160 same Same Perfume Shop St Enoch 39 Centre 5,500 510 same Same Dorothy Perkins St Enoch 40 Centre 200 20 same Same Tie Rack St Enoch 41 Centre 1,000 100 same Thorntons H Samuel St Enoch 42 Centre 790 70 same Same Jessico Boo St Enoch 43 Centre 1,420 130 same Same Lambretta
St Enoch Pulp relocated 44 Centre 1,760 160 Eue Candy Same Pulp within Centre St Enoch 45 Centre 3,440 320 same Same Henleys St Enoch 46 Centre 8,780 820 same Same H & M St Enoch 47 Centre same VACANT Vacant ? 2750 St Enoch 48 Centre same VACANT Vacant ? 1600 St Enoch 49 Centre 1,225 115 same Same Wheels of Sport St Enoch 50 Centre 1,000 100 Fossil VACANT Vacant ? St Enoch 51 Centre 3,500 330 Xile VACANT Vacant ? St Enoch 52 Centre 100 10 Same Swatch
St Enoch under 101 Centre Vacant construction 2500 St Enoch under 102 Centre Vacant construction 1000 St Enoch under 103 Centre Vacant construction 1000 St Enoch under 104 Centre Vacant construction 750 St Enoch under 105 Centre Vacant construction 400 St Enoch under 106 Centre Vacant construction 750 St Enoch 107 Centre 3000 290 Modelzone VACANT Vacant St Enoch 108 Centre 1300 120 same Same Optical Express St Enoch 109 Centre 1200 110 same Same Aulds St Enoch 110 Centre same VACANT Vacant 2200 St Enoch 111 Centre same VACANT Vacant 3800 St Enoch 112 Centre 1100 100 same Same Regis St Enoch 113 Centre 1400 130 same Same Thomas Cook St Enoch 114 Centre 1500 140 same Same Cardland St Enoch 115 Centre same VACANT Calendar Club 1100 St Enoch relocated within 116 Centre Vacant Same Kimbles Chocolates centre 1800 St Enoch 117 Centre 3400 310 same Same JD Sports St Enoch 118 Centre 4700 430 same Same Vision Express St Enoch 119 Centre 22000 2050 same Same BHS St Enoch Being fitted out as 120 Centre same VACANT Vacant Disney Store 2800 St Enoch 121 Centre 102000 9900 same Same Debenhams St Enoch 122 Centre 6000 560 same Same Madhouse St Enoch 123 Centre 1900 170 same Same Thomson Travel First Floor St Enoch 124 Centre Vacant Same Benny Hamish 1900 St Enoch St Enoch Jobs 125 Centre same Centre Vacant 500 St Enoch 126 Centre 2100 190 same Same The Golf Co St Enoch 127 Centre 1400 130 Nail Company Same Moda St Enoch 128 Centre 4300 400 same Same Burtons St Enoch under 129 Centre vacant construction 750 St Enoch under 130 Centre vacant construction 500 St Enoch under 131 Centre vacant construction 1500 St Enoch under 132 Centre vacant construction 3440 St Enoch 133 Centre 6500 610 same Same H & M ? St Enoch under 134 Centre vacant construction 2750 St Enoch under 135 Centre 1600 150 Pulp construction relocation St Enoch under 136 Centre vacant construction 1200 St Enoch under 137 Centre vacant construction 2200 St Enoch Kimble's under 138 Centre 2200 200 Chocolate Café construction relocation St Enoch F1 Centre 1400 130 same Same Macdonalds St Enoch F2 Centre 1000 90 same Same Di Maggio St Enoch F3 Centre 1000 100 Aulds Same Fat jacket St Enoch F4 Centre 700 60 same Same Wongs St Enoch F5 Centre 900 90 same Same Sandwich Delights St Enoch F6 Centre 300 30 same Same KFC St Enoch under F7 Centre 2500 240 Burger King construction
Secon St Enoch d Floor Centre 30000 2800 same Same Hamleys St Enoch Centre 22600 2100 same Same BHS Total 366,490 30,970 46,390
Size - Square Proprietor Size - square metres Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors)
Princess 1 - 3 Square 4,300 390 Same Same D'Arcy's Bar Princess 4 - 5 Square 6,900 640 Same Same Dwell Furniture Princess 6 - 7 Square VACANT Same Coco Café 1800 Princess 8 - 9 Square 1,700 160 Same Same Buzzy Wares Basement Princess Tinderbox Coffe 10 - 11B Square 1800 170 Same Shop Starbucks Princess 12 Square 1000 90 Same Same Fantoosh Princess 13 - 14 Square 1700 160 Same Same Il Pavone Restaurant
Princess 15 Square 1300 120 Same Belstaff Vacant Princess 16 Square 800 80 Same Same Crabtree & Evelyn Princess 17 Square 800 70 Same Pandora Monsoon Princess 18 Square 900 80 Same Ollie & Nic Accessorize Princess 19 Square 6000 550 Same Same Ted Baker Princess 20 Square 1600 150 Same Same Whistles Princess 21 - 22 Square 1200 110 Same Same Links Princess 23 Square 800 70 Same Links Penhaligons Princess 24 Square 1100 100 Same Cath Kidston Calvin Klein Ground floor Princess 25 Square 800 70 Same Same Jo Malone Princess 26 Square 800 80 Same Same Louise Shafar Princess 27 - 28 Square 1400 130 Same Same Reiss Princess Square 100 10 Same Same The Perfect Shave Princess Square 200 20 Same Same The Glasgow room Princess Square 100 10 Same Same Scottish Crafts Princess The Glasgow Square 100 10 Same Same Chocolatier
Princess Vidal Sassoon 29 Square 2900 270 Same Same Hairdressing Princess 29A Square 600 50 Same Kurt Geiger Vacant Princess Jackie Jean 31 Square VACANT Oscar & Fitch Ladieswear 1200 Princess 32 Square 900 80 Same Same Arran Aromatics Princess 33 Square 800 70 Same Same Dower & Hall Jeweller Princess 34 - 35 Square 6900 640 Same Cos Oasis Ladieswear Princess 36 - 37 Square 1600 150 Same Same Space NK Princess The Pen Shop 38 Square 1100 100 Same Same Sationary Princess 39 Square 700 70 Same Same Curves & Lace
First Floor Princess 40 Square 1100 100 Same Same Castle Galleries Princess 41 - 42 Square 1600 150 Same Same Lacoste Princess 43 Square 700 70 Same Same Vivienne Westwood Princess 44 Square 600 60 Same Same Moda in Pelle Shoes Princess 45 Square 4300 400 Same Same French Connection Princess 46 Square 1500 140 Same Same Illuminati Gifts Princess 46A Square Same VACANT Nancy Smillie Jeweller 100
Princess Tinderbox Coffe 47 - 48 Square 1300 120 Same Shop Striped Bass Secon d Princess The Restaurant and Floor Square 900 80 Same Same Grill Princess The Restaurant and Square 5300 490 Same Same Grill Princess K9 - K12 Square 3100 280 Same Same November Restaurant Princess Square 800 70 Same Same Zizzi Princess Square 400 40 Same Same Irocco 50 Same VACANT French Connection 4000 Princess 51 Square 1400 130 Same Cranachan Fifi & Ally Princess 52 Square 1300 120 Same Same Fifi & Ally Deli Princess 53 Square 3300 310 Same Same Mings Total 78,500 7,260 7,100
Size - Square Proprietor Size - square metres Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors)
VENATOR GROUP REALTY ARCADIA GROUP EUROPE PLC PLC LOVELL HOUSE HUDSON ROAD UXBRIDGE LEEDS MIDDLESEX 132 Argyle Street Vacant Same Footlocker LS9 7DN UB6 1HB 3000
FRED HILL MINIT (UK) PLC PROPERTIES LTD 144 ARGYLE 146 19 QUEEN STREET STREET ARGYLE GLASGOW GLASGOW STREET Argyle Street 200 20 Same Same Timpson Shoe repair G1 3ED G2 8BL
THE LONDON MUTUAL INSURANCE HOUSE OF SOCIETY LTD PER FRASER NB REAL ESTATE STORES LTD 80 GEORGE 1 HOWICK STREET PLACE EDINBURGH LONDON 154 Argyle Street 1300 120 Same Same Celtic Sports Goods EH2 3BU SW1P 1BH THE NOBLE GROUP Evens 17B SALTMEADOWS ROAD GATESHEAD TYNE & WEAR 158 Argyle Street 2100 190 Same Same Nobles Amusements NE8 3AH
CHURSTON INVESTMENTS BOOTS GROUP LTD PLC KINGSWAY 1 THANE ROAD HOUSE BEESTON 103 KINGSWAY NOTTINGHAM LONDON 160 Argyle Street 900 80 Same Same Subway NG2 3AA WC2B 6AW S K ENTERPRISES UK LTD C/O THE OFFICIAL RECEIVER 162 - 172 Argyle Street VACANT Discount Shop Pound Shop 4 THE FRONTAGE 1900 GOLDEN ROCK DILLONS (UK) HOLDINGS LTD LTD (T/A 15 GROSVENOR DILLONS THE 174 - 176 Argyle Street 3200 290 Same Same Waterstones GARDENS BOOKSTORE) GOLDEN ROCK KENTUCKY HOLDINGS LTD FRIED CHICKEN KFC Fast Food 15 GROSVENOR 178 ARGYLE 178 Argyle Street 3700 340 Same Same Restaurant GARDENS STREET
133? Argyle Street 1945 180 H&M Vacant unit LANDSTRASSE 37 FRANKFURT PER MC GRIGOR DONALD 70 WELLINGTON 135 Argyle Street 2300 210 Same Same G Star Raw STREET vacant DEBENHAM TIE GROUP PLC T/A LEUNG EVANS 199 ST VINCENT HUDSON ROAD 137 - 143 Argyle Street 3100 290 Same Same Evans STREET MILLS DEKA IMMOBILIEN INVESTMENT
Odds GMBH 145 ARGYLE 145 - 147 Argyle Street 1900 170 Pound Shop Same Home & Accessories STREET DEKA IMMOBILIEN WALLIS INVESTMENT FASHION GMBH GROUP LTD 149 - 151 Argyle Street 1700 160 Same Same Wallis 149 ARGYLE PER ARCADIA LEGAL & O2 GENERAL 153-155 ARGYLE ASSURANCE STREET 153 Argyle Street 1300 120 Same Same O2 SOCIETY LTD GLASGOW Total 23645 2170 4900
Size - Square Proprietor Size - square metres Named Operator (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors) LUJO SCHUH LTD PROPERTIES LTD 1 NEILSON PER LUJO SQUARE PROPERTIES LTD DEANS Sauchiehall ASHFIELD HOUSE INDUSTRIAL 9 - 15 Street 2,100 190 Same Same Schuh 402 SAUCHIEHALL ESTATE LUJO THE ROYAL PROPERTIES LTD BANK OF PER LUJO SCOTLAND PLC Sauchiehall PROPERTIES LTD 36 ST ANDREW 23 Street 3,000 280 Same Same RBS Bank ASHFIELD HOUSE SQUARE
Total 5,100 470 Size - Square Size - square metres feet (GOAD) (GOAD)
TOTAL PRIMARY RETAIL FLOORSPACE (excluding vacant units) 1,355,092 108,384 128,645 Appendix 3
Appendix 3 Secondary Retail Area - Unit Survey
Size - Square Status Vacant Size - square metres (September Status (March Named Operator Proprietor (Scottish Lessee (Scottish floorspace (sq No. Street Name feet (GOAD) (GOAD) 2010) 2010) (Sign GOAD) Use Assessors) Assessors) ft) T C S FREEHOLD INVESTMENTS LTD PER STARBUCKS COFFEE LAND & PROPERTY CO (UK) LTD MANAGEMENT LTD 27 SAUCHIEHALL STRATHEARN HOUSE STREET Sauchiehall 211 HOPE STREET GLASGOW 37-39 Street 1,300 120 Same Same Starbucks TGLASGOW C S FREEHOLD G2 3AT INVESTMENTS LTD PER THE BODY SHOP LAND & PROPERTY INTERNATIONAL PLC MANAGEMENT LTD 31 SAUCHIEHALL STRATHEARN HOUSE STREET Sauchiehall 211 HOPE STREET GLASGOW 31 Street 2,300 210 Same Same The Body Shop TGLASGOW C S FREEHOLD G2CROLLA 3AT BROS INVESTMENTS LTD PER CATERING CO LTD LAND & PROPERTY DINO FERRARI MANAGEMENT LTD 35 SAUCHIEHALL STRATHEARN HOUSE STREET Sauchiehall 211 HOPE STREET GLASGOW 35 Street 4,200 390 Same Same Dino's TGLASGOW C S FREEHOLD G2HALIFAX 3AT PLC C/O H B INVESTMENTS LTD PER O S GROUP LAND & PROPERTY PROPERTY (RATING) MANAGEMENT LTD TRINITY ROAD STRATHEARN HOUSE HALIFAX Sauchiehall 211 HOPE STREET WEST YORKSHIRE Street 3400 310 Same Card Factory VACANT TGLASGOW C S FREEHOLD HX1 2RG INVESTMENTS LTD PER LAND & PROPERTY H P J (1994) LTD MANAGEMENT LTD 51 SAUCHIEHALL STRATHEARN HOUSE STREET Sauchiehall 211 HOPE STREET GLASGOW 51 Street 1,700 160 Same Same Half Price Jewellers TGLASGOW C S FREEHOLD G2Tenants 3AT GOLD INVESTMENTS LTD PER GROUP LAND & PROPERTY INTERNATIONAL LTD MANAGEMENT LTD 2 GODSTONE ROAD STRATHEARN HOUSE WHYTELEAFE Sauchiehall 211 HOPE STREET SURREY 55 Street 1900 180 Same Same Ann Summers GLASGOW CR3 0EA
Sauchiehall 74 Street 2400 230 Same Same Pizza Hut FRANCIS WRIGHT PER DAVENBUSH LTD (T/A PRUDENTIAL BRITISH HOME PROPERTY STORES LTD ) INVESTMENT FAO FINANCE MANAGERS LTD ACCOUNTS Sauchiehall PRINCETON HOUSE DEPARTMENT 67 - 81 Street 30200 2810 Same Same BHS 271/273FRANCIS HIGH WRIGHT HOLBORN PER ARNDALE HOUSE PRUDENTIAL GAMESTATION LTD PROPERTY 10/12 STIRLING PARK INVESTMENT AMY JOHNSON WAY MANAGERS LTD CLIFTON MOOR Sauchiehall PRINCETON HOUSE YORK 83 Street 1900 180 Same Same Gamestation 271/273FRANCIS HIGH WRIGHT HOLBORN PER Y030SPORTS 4WU WORLD PRUDENTIAL INTERNATIONAL LTD PROPERTY PER S G P PROPERTY INVESTMENT SERVICES LTD MANAGERS LTD P O BOX 5684 / Sauchiehall PRINCETON HOUSE ENTERPRISE HOUSE 89 Street 5100 470 Same Same Sportsdirect.com 271/273FRANCIS HIGH WRIGHT HOLBORN PER MOUNTAINSUNNINGDALE ROAD PRUDENTIAL WAREHOUSE LTD PER PROPERTY DALTON WARNER INVESTMENT DAVIS MANAGERS LTD 21 GARLICK HILL Sauchiehall PRINCETON HOUSE LONDON 97 Street 1000 90 Same Same Mountain Warehouse 271/273T S B PENSIONS HIGH HOLBORN LTD EC4V 2AU PER HILL SAMUEL MC DONALDS PROPERTY UNIT TRUST RETAURANTS LTD THE CHARTERS 11-59 HIGH ROAD 102 NEW STREET EAST FINCHLEY Sauchiehall BIRMINGHAM LONDON 101-105 Street 3700 350 Same Same McDonald Restaurant B2HENDERSON 4HQ UK N2ORANGE 8AU RETAIL LTD PROPERTY FUND LTD PURCHASE LEDGER PER LAMBERT SMITH DEPT HAMPTON GLOBAL HOUSE FLAT 2/01 SENHOUSE ROAD Sauchiehall 227 WEST GEORGE DARLINGTON 109 Street 1400 130 Same Same Orange STREET SANDEEPCO DURHAM ARORA T/A ROYAL LONDON ASSET LIFESTYLE MANAGEMENT JEWELLERY 115 SAUCHIEHALL 115 SAUCHIEHALL STREET STREET Sauchiehall GLASGOW GLASGOW 115 Street VACANT Same The Works WATTG2 3DD BROTHERS G2 3DD 1000 (GLASGOW & EDINBURGH) LTD 119 SAUCHIEHALL STREET Sauchiehall GLASGOW 119-121 Street 3700 340 Same Same Watt Brothers THREADNEEDLEG2 3EW PROPERTY UNIT TRUST MOTHERCARE PER G PER WORKMAN & L HEARN PARTNERS ANGLO CITY HOUSE 78 ST VINCENT STREET 2-6 SHIRLEY ROAD Sauchiehall GLASGOW SOUTHAMPTON 123-127 Street 5800 540 Same Same Mothercare G2 5UB SO15 3EU THREADNEEDLE PROPERTY UNIT TRUST AL-RAFIQ LTD T/A PER WORKMAN & NEWSBOX PARTNERS 131 SAUCHIEHALL 78 ST VINCENT STREET STREET Sauchiehall GLASGOW GLASGOW 131 Street 400 40 Same Same Newsbox THREADNEEDLEG2 5UB G2 3EW PROPERTY UNIT TRUST BIRTHDAYS LTD PER WORKMAN & THE CRYSTAL PARTNERS BUILDING 78 ST VINCENT STREET LANGSTON ROAD Sauchiehall GLASGOW LOUGHTON 133 Street 700 70 Same Same Birthdays RESOLUTIONG2 5UB GROUP LG10DIXONS 3TH STORES PENSION SCHEME PER GROUP PER G L IGNIS ASSET HEARN MANAGEMENT MANAGEMENT LTD 50 BOTHWELL STREET 3RD FLOOR Sauchiehall GLASGOW P O BOX 5307 137-145 Street 4600 420 Same Same Curry's Digital? G2 6HR LONDON ABBEY NATIONAL PLC GENISIS HOUSE 301/349 MIDSUMMER BOULEVARD Sauchiehall MILTON KEYNES 147-149 Street 1400 130 Same Same (Santander) Abbey Bank QUADRANTMK9 2JE PROPERTY CO LTD PER MARTIN KELVINGROVE GROUNDLAND & CO PROPERTY CO LTD ODDS 52 ST ENOCH SQUARE 30 BELL STREET Sauchiehall New 4 U GLASGOW GLASGOW 151 Street 800 70 Same (newsagent) Red Jeweller BENORAG1 4AA FINEG1 1LG RECORDINGS (SAUCHIEHALL) CLUB LTD PER INVESTMENTS LTD PER DILLONS FLETCHER KING ROYAL HOUSE STRATTON HOUSE PRINCES GATE Sauchiehall STRATTON STREET HOMER ROAD 153-157 Street 6000 560 Same Same (& a Costa) Waterstones LONDON SOLIHULL BARRATTS SHOES LTD STYLO HOUSE HARROGATE ROAD APPERLY BRIDGE Sauchiehall BRADFORD 159-163 Street 2300 220 Same Same Barratts BD10 0NW
W G MITCHELL CLINTON CARDS PLC (GLASGOW) LTD 165 SAUCHIEHALL 10 VICTORIA PARK STREET Sauchiehall LONDONDERRY GLASGOW 165 Street 1800 170 Same Same Clinton Cards BT47 2AD G2 3EW
W G MITCHELL SUPERDRUG STORES (GLASGOW) LTD PLC 10 VICTORIA PARK BEDDINGTON LANE Sauchiehall LONDONDERRY CROYDON 167 Street 10100 940 Same Same Superdrugs BT47 2AD SURREY G P NOMINEES LTD W H SMITH GROUP 165 QUEEN VICTORIA PLC STREET GREENBRIDGE ROAD Sauchiehall LONDON SWINDON 177 Street 15400 1430 Same Same WH Smith EC4V 4DD SN3 3LD
179 Unit Sauchiehall 2B Street 4800 440 Same Same Millets PRIMARK STORES LIMITED ASSOCIATED BRITISH FOODS PLC GROUP PROPERTY DEPT (GROUND G P NOMINEES LTD FLOOR) 165 QUEEN VICTORIA 50-51 RUSSELL STREET SQUARE Sauchiehall LONDON BLOOMSBURY 179 Unit 3 Street 58100 5390 Same Same Primark EC4V 4DD LONDON T K MAXX G P NOMINEES LTD UNIT 32 165 QUEEN VICTORIA 179 SAUCHIEHALL STREET STREET 179 Unit Sauchiehall LONDON GLASGOW 32 Street 25900 2400 Same Same TK Maxx EC4V 4DD G2 3ER J J B SPORTS PLC W G MITCHELL MARTLAND PARK (GLASGOW) LTD CHALLENGE WAY 10 VICTORIA PARK WIGAN 185 Unit Sauchiehall LONDONDERRY LANCASHIRE 33 Street 17600 1640 Same Same JJB Sports BT47 2AD WN5 0LD
W G MITCHELL IKRAM KHALIQ (GLASGOW) LTD 191 SAUCHIEHALL 10 VICTORIA PARK STREET Sauchiehall LONDONDERRY GLASGOW 191 Street 200 20 Same Same Ikram Khaliq BT47 2AD G2TALKLAND 3ER RETAIL LTD PER VODAPHONE W G MITCHELL PEMBROKE HOUSE (GLASGOW) LTD BANBURY BUSINESS 10 VICTORIA PARK PARK / AYNHO ROAD Sauchiehall LONDONDERRY ADDERBURY 195 Street 300 30 Same Same Vodafone BT47 2AD OX17 3NS
W G MITCHELL T-MOBILE RETAIL LTD (GLASGOW) LTD 197 SAUCHIEHALL 10 VICTORIA PARK STREET Sauchiehall LONDONDERRY GLASGOW 197 Street 400 40 Same Same T-Mobile BT47 2AD G2 3ER DEUTSCHE (UK) RETAIL PROPERTY FUND PER C NORTHWORLD LTD B RICHARD ELLIS T/A MARK ONE PACIFIC HOUSE 199 SAUCHIEHALL 70 WELLINGTON STREET Sauchiehall STREET GLASGOW 199 Street 3500 320 Same Same Pound Shop DEUTSCHEGLASGOW (UK) RETAIL G2COSTA 3EX COFFEE LTD PROPERTY FUND PER C PER WHITBREAD PLC B RICHARD ELLIS WHITBREAD HOUSE PACIFIC HOUSE PARK STREET WEST 70 WELLINGTON LUTON Sauchiehall STREET BEDFORDSHIRE 207 Street 2000 190 Same Same Costa GLASGOW LU1 3BG
BLUE GREEN HOLDINGS LTD PER C B RICHARD OUTDOOR GROUP ELLIS LTD PER PHILIP J PACIFIC HOUSE LONG Ladies 70 WELLINGTON 7 BATTENHALL LODGE Discount STREET 60 BATTENHALL ROAD Sauchiehall Street Sauchiehall Fashion (Un- GLASGOW WORCESTER 211 Street 2200 200 named) VACANT Blacks DEUTSCHEG2 6UA (UK) RETAIL WR5 2BX PROPERTY FUND PER C B RICHARD ELLIS CELTIC SHOP PACIFIC HOUSE 215 SAUCHIEHALL 70 WELLINGTON STREET Sauchiehall STREET GLASGOW 215 Street 2300 210 Same Same Celtic Shop DEUTSCHEGLASGOW (UK) RETAIL G2 3EX PROPERTY FUND PER C B RICHARD ELLIS PACIFIC HOUSE M M HENDERSON LTD 70 WELLINGTON 124 CRAIGHALL ROAD Sauchiehall STREET GLASGOW 217 Street 2000 190 Same Same The Willow Tearoom SAINSBURYGLASGOW S G4 9TR SUPERMARKETS LTD T/A SAINSBURY'S LOCAL STAMFORN HOUSE STAMFORD STREET Sauchiehall LONDON 219 Street 4100 380 Same Same Sainsbury's SE1 9LL ENTERPRISES DOWNVIEW HOUSE Sauchiehall 440 SHORE ROAD 229 Street VACANT Same Café Roma NEWTONABBEY () 800 LTD 231 SAUCHIEHALL Sauchiehall STREET 231 Street Same VACANT Kelly Services GLASGOW 1700
LESLEY MANOR (UK) LTD 1ST FLOOR THE LAURELS 801 LISBURN ROAD 18 MAIN STREET Sauchiehall BELFAST LUBENHAM 242-250 Street 8900 830 Same Same Deichmann Shoes BT9 7GX MARKET BALLYMENA GROUP LTD 51 BROUGHSHANE JESSOP HOUSE STREET 98 SCUDAMORE ROAD Sauchiehall BALLYMENA LEICESTER 240 Street VACANT Same Baguette N Go NTH IRELAND LE3 1TZ 700 MUTUAL SOCIETY LTD STORES LTD CHURCH HOUSE 12 GROSVENOR FISHERWICK PLACE STREET Sauchiehall BELFAST LONDON 226-236 Street VACANT Same Pound Mart BT1 6DW W1K 4QY 5300 DUNNES STORES IDLECROFT IDLE Sauchiehall BRADFORD 218-224 Street 8200 760 Same Same Dunnes Stores BD10 9TN ASSURANCE SOCIETY Tenant - N N A BUCKLESBURY HOUSE ENTERPRISES LTD 3 QUEEN VICTORIA 42 STAFFORD STREET Sauchiehall Gift World / 212 VACANT STREET DERBY 208-212 Street 2300 210 Same Semichem OUTLET LONDON DE1 1JL LTD PER DUNDAS & O2 UK LTD WILSON 260 BATH ROAD 4TH FLOOR / SALTIRE SLOUGH Sauchiehall COURT BERKSHIRE 202 Street 1600 150 Same Same o2 Telephones 20 CASTLE TERRACE SL1 4DX LTD (PROPERTY & PLANNING) CENTRAL ASSET Sauchiehall MANAGEMENT 200 Street 18200 1690 Same Same Boots the Chemist Ltd (RATING TEAM) D90
Sauchiehall 200 Street 16000 1500 Same Argos Not on Goad PER MONTAGU EVANS 302 ST VINCENT STREET Sauchiehall Marks and Spencer GLASGOW 184-168 Street 100000 3110 Same Same Plc G2 5RU () BRITANNIC ASSURANCE FILM HOUSE PLC PER ATISREAL 142 WARDOUR 20 CHARLOTTE SQUARE STREET Sauchiehall EDINBURGH LONDON 156-162 Street 4000 370 Same Same HMV (UK) Ltd DOMINIONEH2 4DF CORPORATE GAMEW1F 8LN STORES TRUSTEES LTD FOR GROUP LTD SAVOY CENTRE UNITY HOUSE PROPERTY UNIT TRUST TELFORD ROAD PER BTW SHIELLS BASINGSTOKE Sauchiehall CLARENCE HOUSE HAMPSHIRE 146-150 Street 3300 310 Same Same GAME 4-10 MAY STREET RG21 6YJ
Sauchiehall 144A Street 700 60 Same Same Carphone Warehouse Sauchiehall 136 Street 800 80 Same Same Lush TRUSTEES LTD FOR NEW LOOK PLC SAVOY CENTRE 130 SAUCHIEHALL PROPERTY UNIT TRUST STREET Sauchiehall PER BTW SHIELLS GLASGOW 128-130 Street 2200 210 Same Same New Look CLARENCE HOUSE G2 3DH Tenant - BESTSELLER PRESBYTERIAN UNITED (UK) LTD MUTUAL SOCIETY LTD COKENACH ESTATE CHURCH HOUSE ESTATE OFFICE FISHERWICK PLACE BARNWAY ROYSTON BELFAST HERTFORDSHIRE Sauchiehall Jack Jones and Vero NORTHERN IRELAND SG8 8DL 122-126 Street 4200 390 Same Same Moda BT1 6DW Occupier - CANADA LIFE LTD THORNTON PARK MARTIN HOUSE SOMERCOTES 5 MARTIN LANE ALFRETON Sauchiehall LONDON DERBYSHIRE 120 Street 1000 90 Same Same Thorntons EC4R ODP DE55 4XJ GOBAFOSS (SOUTHERN) LTD PARTNERSHIP 116 SAUCHIEHALL 7 NEWGATE STREET STREET Sauchiehall LONDON GLASGOW 116 Street 800 80 Same Same Optical Express EC1A 7NX G2 3DH LTD BEAUTY PLC 1A DUKESWAY COURT SPREAD HOUSE / TEAM VALLEY FAVERDALE WEST Sauchiehall GATESHEAD FAVERDALE 112-114 Street 3200 300 Same Same Savers NE11 0PJ INDUSTRIAL ESTATE LTD INTERNATIONAL LTD
EVENS 1A DUKESWAY COURT 40 HIGH STREET TEAM VALLEY STREET Sauchiehall GATESHEAD SOMERSET 108-110 Street 2500 230 Same Same Clarks NE11 0PJ BA16 0YA LTD MARATHON HOUSE 1A DUKESWAY COURT OLYMPIC BUSINESS TEAM VALLEY PARK Sauchiehall GATESHEAD DRYBRIDGE ROAD 104-106 Street 3200 290 Same Same USC NE11 0PJ DUNDONALD( SAVILLS BARRATT) T/A 163 WEST GEORGE PRICELESS SHOES STREET APPERLEY BRIDGE Sauchiehall GLASGOW BRADFORD 102 Street 2400 220 Same Greggs Priceless Shoes G2 2JJ BD10 0NW
RREEF UK RETAIL PROPERTY FUND PER SAVILLS 163 WEST GEORGE STREET Sauchiehall GLASGOW 100 Street Same Same VACANT OUTLET G2 2JJ 1900 PROPERTY FUND PER PHONES 4 U LTD SAVILLS 96 SAUCHIEHALL 163 WEST GEORGE STREET Sauchiehall STREET GLASGOW 96 Street 1900 170 Same Same Phones 4 U GLASGOW G2 3DE PROPERTY FUND PER LTD SAVILLS 94 SAUCHIEHALL 163 WEST GEORGE STREET Sauchiehall STREET GLASGOW 94 Street 1900 170 Same Same Holland & Barrett GLASGOW G2 3DE PROPERTY FUND PER SAVILLS New City Palace 163 WEST GEORGE Sauchiehall Cantonese Entrance to STREET 90 Street Same Restaurant Restaurant GLASGOW
Pound Crazy on Goad Sauchiehall now maybe known as 84-88 Street 4500 410 Same The Works The Works
J & W GREAVES LTD 23-25 GORDON STREET Sauchiehall Greaves Sports Ltd GLASGOW 80-82 Street 3600 360 Same Same (over 4 floors) G1 3PW PROPERTY DEPARTMENT 27 FLEET STREET Sauchiehall BIRMINGHAM 76 Street 4300 400 Same Same Lauders B3 1JP ASSURANCE PLC PER C 1 NETHER CRAIGOUR Sauchiehall VACANT B RICHARD ELLIS EDINBURGH 72 Street Same VACANT RESTAURANT PACIFIC() HOUSE EH17 7SB 3800 FUND PER C B RICHARD ELLIS PACIFIC HOUSE 70 WELLINGTON Sauchiehall STREET 74 Street Same VACANT VACANT OUTLET GLASGOW() tbc FUND PER C B RICHARD (HEALTH & BEAUTY) ELLIS LTD PACIFIC HOUSE 9 WESTERN AVENUE Sauchiehall 70 WELLINGTON MATRIX PARK 70 Street 1900 180 Same Card Land VACANT OUTLET STREET() LEYLAND FUND PER C B RICHARD PLC ELLIS HBOS GROUP PACIFIC HOUSE PROPERTY RATING Sauchiehall 70 WELLINGTON TRINITY ROAD 54-62 Street 5000 460 Same Same Bank of Scotland INGSTREET (UK) PROPERTY HALIFAX FUND PER C B RICHARD Sauchiehall ELLIS 50 Street 1900 180 Candy World VACANT VACANT OUTLET PACIFIC HOUSE () FUND PER C B RICHARD WARREN JAMES ELLIS JEWELLERS LTD PACIFIC HOUSE 7 MERSEY WAY Sauchiehall 70 WELLINGTON STOCKPORT 46 Street 1900 180 Same Same Warren James STREET() SK1() 1PN FUND PER C B RICHARD TELEREAL VENTURES ELLIS LTD PACIFIC HOUSE 5TH FLOOR / BASTION Sauchiehall 70 WELLINGTON HOUSE 40 Street 1900 180 Same Same o2 Telephones STREET() 140 LONDON WALL FUND PER C B RICHARD PRET A MANGER ELLIS 38 SAUCHIEHALL PACIFIC HOUSE STREET Sauchiehall 70 WELLINGTON GLASGOW 34-36 Street 2100 190 Same Same Pret a manger STREET G2 3AH
Total 451,300 35,770 15,200
Size - Square Size - square metres Named Operator Proprietor (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors) Vacant
203 - 205 Argyle Street 1800 170 Same Same Pizza Hut
167 - 201 Argyle Street Same VACANT Woolworths - Vacant 18600
167 - 201 Argyle Street VACANT The Pound Shop Lifestyle Accessories 1500
167 - 201 Argyle Street 3,100 280 Same Same JD Sports
167 - 201 Argyle Street 2000 180 Same Same Priceless Shoes
167 - 201 Argyle Street 1,000 100 Same Same Claires Accessories
167 - 201 Argyle Street 5,800 530 Same Same Halifax - BOS
153 Arglye Street PRIMARY 02 Telephones
149 - 151 Argyle Street PRIMARY Wallis Ladies Wear Home and Accessories 145 - 147 Argyle Street PRIMARY Household Goods
137 - 143 Argyle Street PRIMARY Evans Ladieswear
135 Argyle Street PRIMARY G Star Raw Vacant Outlet now Argyle Street PRIMARY H&M
87 - 91 Argyle Street 3900 360 Same Same Gap 85 Argyle Street VACANT Candy Store Zavvi 4400
79 Argyle Street 8200 760 Same Same HMV
121-123 Argyle Street 10300 950 Same Same Top Shop
61 - 63 Argyle Street 1900 170 Same Same JJB
53 - 55 Argyle Street 10000 930 Same Same WHSmith Internacionale Ladies Wear & Au Naturale 47 - 51 Argyle Street 4400 410 Same Same Interiors
43 Argyle Street 3300 300 Same Same Miss Diva
29 - 35 Argyle Street 2000 190 Picture Mania VACANT Vacant
23 - 27 Argyle Street 4900 450 Same Same Debra Charity Shop
19 - 21 Argyle Street 4200 390 Same Same Pound Store
13 - 17 Argyle Street 3700 350 Same Same Debra (charity shop)
11 Argyle Street 1700 160 Same Same The Orange Shop
3 - 9 Argyle Street 3800 350 Same Same Bon Marche
4 - 12 Argyle Street 183,000 4,270 Same Same Marks and Spencers Phones 4 U 18 - 25 Argyle Street 3,000 280 Same Same Telephones
22 Argyle Street 8,200 760 Same Same River Island
24 Argyle Street 600 50 Same Same Sports Direct Entrance
26 - 32 Argyle Street 3,800 360 Same Same Gift World Gifts VACANT (to be TK Tesco Metro 36 Argyle Street Same Maxx Supermarket 17900
VACANT (to be TK 42 - 48 Argyle Street Same Maxx Currys Digital 8800
Clarks Factory Shop 50 - 54 Argyle Street Same VACANT Shoes 2400
56-64 Argyle Street 55200 Same Same Primark
66 Argyle Street 6100 Same Same Superdrug
70 - 76 Argyle Street 8100 750 Same Same Next
78 Argyle Street VACANT Same Ortak Jeweller 1400 80 Argyle Street 1100 100 Same Same Carphone Warehouse
84 Argyle Street 3200 300 Same Same (Santander) Abbey Bank Warehouse 92 Argyle Street 3200 300 Same Same Ladieswear
EVENS 96 Argyle Street 2300 210 Same Same Clinton Cards
96 Argyle Street 1300 120 Same Same Accessorize
98 Argyle Street 1000 90 Same Greggs Vacant
102 Argyle Street 1100 100 Same Same 3 Store Telephones
104 Argyle Street 2600 250 Same Same Clarks Shoes Vodaphone 106 Argyle Street 900 90 Same Same telephones
110 Argyle Street 1100 110 Same Same T Mobile Telephones
114 Argyle Street 3400 320 Same Same Schuh Shoes
116 - 120 Argyle Street 4400 400 Same Footasylum Original Shoe Co
132 Argyle Street PRIMARY VACANT Same Footlocker
144 - 146 Argyle Street PRIMARY Same Same Timpson Shoe repair
154 Argyle Street PRIMARY Same Same Celtic Sports Goods
158 Argyle Street PRIMARY Same Same Nobles Amusements
160 Argyle Street PRIMARY Same Same Subway
162 - 172 Argyle Street PRIMARY VACANT Discount Shop Pound Shop
174 - 176 Argyle Street PRIMARY Same Same Waterstones KFC Fast Food 178 Argyle Street PRIMARY Same Same Restaurant Total 369,600 15,890 55,000
Size - Square Size - square metres Named Operator Proprietor (Scottish Lessee (Scottish No. Street Name feet (GOAD) (GOAD) Status (Sign GOAD) Use Assessors) Assessors) O'Briens Sandwich 243 Ingram Street 500 40 SAME Same Bar
239 Ingram Street 1,600 150 SAME Footwear Solutions Viyella Ladieswear
229 Ingram Street 1,500 140 SAME Same Bravissimo
223 Ingram Street 7300 680 SAME Same Cruise Clothing Agent Provocateur 213 Ingram Street 1,500 140 SAME Same Lingerie Mulberry Ladies 204 - 207 Ingram Street 1500 140 SAME Same Accessories
204 Ingram Street 1200 110 SAME Same Gant ODDS 203 Ingram Street Vacant Same Boudiche Lingerie 1400 Corinthian Bar & 191 Ingram Street 13000 1210 SAME Same Nightclub
177 Ingram Street 9800 910 SAME Same Jigsaw Mediterraneo Mediterraneo Vacant site (under 159 Ingram Street 2500 240 Restaurant Restaurant construction)
Bang & Olufsen Home 153 Ingram Street 2800 260 SAME Same Entertainment
149 Ingram Street 9000 830 SAME Beligica Furntiure Rotherwood Furniture
118 Ingram Street 1900 170 SAME Same Tinderbox Coffe Shop
124 Ingram Street 4000 370 SAME Same Tesco Express
Ingram Street 134 Ingram Street 5000 460 SAME Same MC Calls Ladieswear BOSE Home 136 Ingram Street 7000 650 SAME Same Entertainment
152 - 154 Ingram Street SAME VACANT Gifts 3100 Replay Ladies and 161 - 162 Ingram Street 2000 190 SAME Same Menswear
166 Ingram Street 800 70 GM Mode VACANT Vacant 800 McMillan Hair and 176 Ingram Street SAME VACANT beauty 1000 EVENS 172 Ingram Street 2200 210 SAME Same Smallbone of Devizies
180 - 188 Ingram Street 7200 670 SAME Same Cruise Clothing
192 - 196 Ingram Street Vacant Same All Saints Ladieswear 2100 United Colors of 202 Ingram Street 1200 110 SAME Same benetton Crombie Ladies and 200 Ingram Street SAME VACANT menswear 1200 Jaeger Ladies and 202 Ingram Street 1200 110 SAME Same mesnwear
208 Ingram Street 1900 180 SAME Same Ralph Lauren
Total 86,600 8,040 9600
Size - Square Size - square metres feet (GOAD) (GOAD) TOTAL SECONDARY RETAIL FLOORSPACE (excluding vacant units) 907,500 59,700 79,800