Expansion for confectioner
Glasgow cafe and shop for Hotel Chocolat
The 3,158 sq ft store at the entrance to Princes Square has been secured on a 10 year lease at an annual rental of £320,000.
Stuart Moncur, head of national retail for Cushman & Wakefield, represented the landlord, West Midlands Pension Fund c/o CBRE Global Investors.
He said: “Hotel Chocolat will be a fantastic addition to both Buchanan Street and Princes Square.
“The level of interest we are currently seeing from occupiers for new stores on Buchanan Street is great. This letting is a clear indication of this and we expect many more new lettings to come through during the course of the next few months.”
Hotel Chocolat has extended the lease on its store in Frederick Street, Edinburgh (pictured) for 10 years from May at an increased annual rental of £100,000.
Cushman & Wakefield acted for the landlord. The property covers 848 sq ft at ground and 753 sq ft at basement. Harper Dennis Hobbs represented Hotel Chocolat.
Mr Moncur added: “Hotel Chocolat has been trading successfully in the capital and this lease extension shows its long term commitment to the city centre.”
Hotel Chocolat, which has more than 70 shops across the UK, was founded by Angus Thirwell and Peter Harris.
It launched its first retail store in Watford in 2003 and in 2006 acquired the Rabot Estate in Saint Lucia, West Indies. It is the only company in the UK to own its own cocoa plantation.