commercial property lambert smith hampton

Our work - 19/11/2014

Stellar returns delivered ahead of schedule

We help East Coast Mainline Ltd to maximise the returns on a mixed portfolio of properties across its flagship intercity route between London Kings Cross and Scotland.

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We are on course to increase commercial income by 50% by the end of the year and are also supporting East Coast Mainline’s investment programme to improve rental performance at some of its major stations.

Wakefield Westgate

At Wakefield Westgate, we provided strategic advice on the retail offer at a new £8m station building. With our specialist understanding of the transport sector, we designed the retail element to work around the station’s complex operational needs, developing and delivering a tenant mix and marketing strategy based on our knowledge of the local area and the rail network. We also project managed the fit out and are responsible for the ongoing tenant liaison.

Our work secured tenants such as Greggs, Subway, Costa Coffee and WHSmith for the new retail units and doubled the station’s rent roll.

Newcastle Central

As part of a £12m redevelopment programme at Newcastle Central (pictured), we transformed the station’s retail and leisure offer, prompting a reconfiguration to free up valuable retail space that led to the creation of 14 new retail units and a corresponding increase in income.

We advised on the design and specification of the new units, secured vacant possession of the existing space and agreed pre-lets with new tenants – including Boots and Paperchase (both a first for an East Coast station), Costa Coffee and a bar with its own roof top terrace and in-house brewery.


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