Additions to city mix
New restaurant and New Look for former hotel
Global fashion brand New Look Retailers has taken the entire ground floor of the property, spanning 5,270 sq ft, on a ten year lease to accommodate its first standalone New Look Menswear outlet in Scotland.
German-owned Italian restaurant chain Vapiano has taken 11,000 sq ft of space on the first floor on a 25 year lease. It operates from more than 150 outlets worldwide and promises to incorporate a stunning new entrance vestibule to its design.
Euan McGonigle, associate director in CBRE’s retail team which let the property for Hines UK, said: “Units of this nature are rarely available in the heart of Glasgow’s shopping district and it’s fantastic to have secured two new tenants for this unique opportunity.
“New Look Menswear will be a welcome addition to Glasgow’s premier shopping destination and we are thrilled it has chosen this location for its first Scottish store.
“Vapiano will bring something different to the city with its new fast casual high quality dining concept. We are delighted to have been able to attract both of them to this site at the top end of Buchanan Street.”
The building was converted from a hotel into retail units in the late 1990s and formerly housed the Virgin Record Megastore.
Vapiano was represented by Jackson Criss. New Look was unrepresented. Both occupiers are due to begin fit-out works shortly.