St Martins sold out of retail at 150 Cheapside

10 December 2009

St Martins, the international property investment, development and asset management company, has let the last remaining retail unit at its 150 Cheapside office development in the City of London.

Following lettings this year to Tesco, Turkish restaurant and coffee shop operator Haz and Maplin Electronics, St Martins has let the final 2,700 sq ft unit on a ten year lease to Pod Food, the healthy food outlet.  The company has now let all of the retail space at 150 Cheapside, totaling 22,000 sq ft.

It is expected that Pod will open for business early next year, providing office workers in the area with a healthy alternative to fast-food.  The rapidly expanding company already has four units across the City.

Lindsey Robinson, Development Director at St Martins, said: “To have let all of the retail space in the current market is testimony to the quality of the building and its outstanding location.”

150 Cheapside is a landmark office development overlooking St Paul’s Cathedral in the heart of the City of London. The building is 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.

CB Richard Ellis and Cushman & Wakefield advised St Martins. 

ENDS

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

About Pod Food
POD, London’s healthy fast food pioneer, has four outlets operating in the City of London and 150 Cheapside will be pod’s fifth store.

In early 2010 Pod will be opening a further three sites at locations in the city, South Bank and West End.

In addition Pod is currently looking to acquire a further five sites in high footfall locations in Central London (1,000 – 1,500 sq.ft).