Douglas Stevens

Company Profile

The past few months have been a busy time for Douglas Stevens & Company. Please feel free to contact the relevant surveyor to discuss any particular transaction in further detail.

Douglas Stevens have been instructed to market 18 Woolworths stores and have let 12 of these properties. Of the remaining, one is under offer and the others are likely to go under offer shortly.

The properties let are as follows:

1.       Aldershot, 58 Union Street – 16,156 sq ft let to 99p Stores.
2.       Barrow in Furness, 153/163 Dalton Road – 17,500 sq ft let to Poundland.
3.       Christchurch, 47 High Street – 7,405 sq ft let to 99p Stores
4.       Dover, 65/66 Biggin Street – 22,153 sq ft let to Peacocks
5.       Durham, 17 Market Place – 29,247 sq ft taken by Tesco
6.       Gillingham, 120/122 High Street – 28,234 sq ft let to 99p Stores
7.       Hayes – 53-55 Station Road - 16,893 sq ft let to 99p Stores
8.       Ramsgate, 12/14 High Street – 14,552 sq ft let to 99p Stores
9.       Rhyl, 1/4 East Parade and High Street – 36,257 sq ft let to B & M Retail
10.     Stevenage, 49/55 Queensway – 30,849 sq ft let to Wilkinson
11.     Huntingdon, 111 High Street – 25,224 sq ft let to 99p Stores
12.     Great Yarmouth, 23/24 Market Place – 41,280 sq ft let to Ethel Austin and Au Naturelle

It is expected that the remaining Woolworths stock will be let by the end of the year.

Nick Cook 020 7514 8215

Douglas Stevens & Co were appointed earlier in the year by HBOS to dispose of 38 former estate agent branches across the UK. We are pleased to report that over half of these have been disposed of or are under offer with further negotiations on the remaining to either surrender back to the landlord or sub-let.

Richard Mills 020 7514 8203

DS & Co have recently been instructed by Miller Developments & Centenary Asset Management to advise on the letting and asset management of the Market Gates Shopping Centre in Great Yarmouth. Anchor tenants include Debenhams, New Look, Wilkinsons, Peacocks and Boots.

Richard Mills 020 7514 8203

We have recently been instructed by AXA Investment Managers to advise on the letting and asset management of the Gloucester Green in Oxford. The open air scheme includes the cities Bus Station and tenants include Animal, Café Nero, Arden News and an Odeon Cinema.

Richard Mills 020 7514 8203

We have recently been instructed by Warner Estate Holdings plc to advise on the letting and asset management of the Hale Leys Shopping Centre in Aylesbury. Anchor tenants include Next, Boots, Evans and Vision Express.

Richard Mills 020 7514 8203

On behalf of Forth Ports PLC Douglas Stevens & Co have secured Superdry who have taken a Scottish Flagship store within Ocean Terminal. The unit, which is due to open Early Autumn 2009. Other lettings here include The Whiskey Shop,
Home to an impressive list of tenants, Ocean Terminal is at the very heart of the dynamic regeneration of Edinburgh's waterfront. In addition to many of the UK's foremost high street stores - including Gap, Schuh, Top Shop, HMV and Debenhams - the centre also boasts a superb selection of quality fashion retailers such as White Stuff, Crew Clothing, Xile, Jane Norman, French Connection and Fat Face, as well as a superb selection of restaurants and cafes, such as Zizzi Bar & Grill, Palace Chine and Ma Potters.
Not only does Ocean Terminal play host to an ever-changing programme of events and exhibitions, but it is also home to one of the country's most popular tourist attractions, The Royal Yacht Britannia as well as a Vue state-of-the-art 12-screen cinema. With its unique mix of shopping, leisure and culture, there's no other location quite like Ocean Terminal.

Richard Mills 020 7514 8203 Jamie Simister 020 7514 8205

Leicester - On Behalf of ING UK Retail Property Fund, Britannica, Douglas Stevens & Co have secured a Currys.Digital store at The Haymarket, Leicester. The unit has been created from a subdivision of the ex-Woolworths store and the electrical goods retailer has taken 5225 sq ft.
The Haymarket has for the last three years consistently increased its footfall and has experienced an increase of 38.7% in shoppers visiting the centre since 2007. The Centre has also found that retailers are relocating to Humberstone Gate as this becomes a prime pitch for retailers not needing to mix with the high rent/high fashion offer that Highcross Shopping Centre now provides.
The Haymarket, which is located in the heart of Leicester town centre, comprises 22,300 sq m (240,000 sq ft) of retail space across 63 units. The Centre is an established scheme with a tenant line-up including a number of renowned high street names, such as Primark, Boots, Peacocks and H&M.

Sarah Slater, Fund Manager for ING Britannica commented:
“We are continually working towards a balanced retail offer at the Haymarket and a Currys.Digital store is a welcome addition to the tenant mix. Following the opening of Highcross, we are delighted with the benefits that this has brought to the City of Leicester and the positive effect it is having on The Haymarket.”

Richard Mills 020 7514 8203