St Martins leases more retail space

13 July 2009

St Martins, the international property investment, development and asset management company, has let 90% of the retail space at its landmark 150 Cheapside office development in the City of London.

Maplin Electronics has just secured a ten year lease on a 6,884 sq ft unit, over the ground and lower ground floors of the building, leaving only one unit still available to let.  The letting to Maplin, a specialist electronics retailer with over 150 stores across the UK, closely follows recent deals with Tesco and Turkish restaurant operator, Haz.  St Martins has let nearly 19,000 sq ft of retail space in the last two months.

Lindsey Robinson, Executive Director at St Martins, said: “We are delighted that 150 Cheapside is proving to be such an attractive location to retailers.  We also have considerable interest now in the office space and hope to be able to announce further deals very soon.

150 Cheapside, which overlooks St Paul’s Cathedral, was designed by Michael Aukett Architects and offers 180,000 sq ft of office space over 8 floors with a stunning roof terrace. The building has a BREEAM “Excellent” rating.

Cushman & Wakefield and CB Richard Ellis advised St Martins and Robert Bebington & Co advised Maplin.

ENDS

For further information, please contact:
Richard Stocks, FD
+44 (0)20 7269 9355 / +44 (0)7951 328475
richard.stocks@fd.com