This retail block, adjacent to the new John Lewis in Cheltenham city centre, was acquired as part of a portfolio.
We re-purposed the 20,000 sq. ft. three storey retail building into contemporary ground floor only retail, with offices on the floors above overlooking a new internal atrium courtyard.
We let half of the ground floor retail space to Tesco in December 2020 and the first-floor offices to Just Go Travel at rents over £25 per sq. ft.
Cheltenham is a thriving historic spa town with mixed land use values supporting investment and development.