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Game and Edinburgh Woollen Mill at St. Peter at Arches, High Street, Lincoln

wantspacegotspace.co.uk - Game and  Edinburgh Woollen Mill at St. Peter at Arches, High Street, LincolnHodgson Elkington LLP, Chartered Surveyors have successfully retained two prominent national retailers on Lincoln’s High Street.

No. 2 St. Peter at Arches is a retail unit let to Gamestation Limited (in Administration). Hayley Playle, Chartered Surveyor at Hodgson Elkington LLP, has managed to agree a new five Lease with Game Retail Limited, the new company which was set up as a result of the Administration. Hayley commented, “It is pleasing to secure the new trading company in the unit with a number of closures in the Administrators portfolio. This has allowed staff to retain their jobs and in a tough market avoided another void in the High Street.”

In addition, No.3 St. Peter at Arches is let to Edinburgh Woollen Mill who served notice to vacate the property. Tim Shaw, Partner at Hodgson Elkington LLP, managed to retain the tenant, successfully agreeing a new ten year lease of the property. Tim quoted “Despite tough trading on the High Street, both the Landlord and the tenant were minded to negotiate terms for a new lease to be structured which was acceptable to both.”

The retail units in the Building now remain fully occupied with recognisable High Street names. The success of both lettings is good news for Lincoln’s High Street after the recent difficulties which retailers have faced. Hayley stated “It is hoped these glimmering signs of recovery are the start of good things to come after the well documented national troubles of the High Street.”

Posted by The Editor (wantspacegotspace) on 8th July 2013 (updated 13/07/2013)

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