New tenant for development
67 Hope Street now half-full after latest letting
The deal was negotiated by property consultant CBRE, alongside joint agent Inglis Howie on behalf of client Riverside Capital Group. It means the building is now 50% occupied. Cushman Wakefield acted for the tenant.
thestudio will take almost 12,500 sq ft of the 65,000 sq ft building which is over ten floors.
Its commercial director Julian Kettleborough said: “Our first venue has been operating in Birmingham since 1999, followed by Manchester in 2010 and Leeds just last year.
“We’ve been keen to explore opportunities north of the border for some time and when we viewed 67 Hope Street we were instantly impressed, not only with the unique and adaptable nature of the space but also by the fact it is located in the very heart of the city, with easy access to the transport network which is exactly what our guests require. We are very much looking forward to launching our first Scottish venue later this summer.”
Sasha Stupar, director at Riverside Capital, commented: “thestudio is a fast-growing company that identified a real gap in the market. I am thrilled the business has chosen 67 Hope Street.”
Alistair Urquhart, associate director at CBRE, added: “Following the letting of the ground, first and second floor to one of the UK’s largest gym operators, PureGym, this deal with thestudio is a real coup for 67 Hope Street.”