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Wheel growth for independent cycle retailer at Whiteley, Hampshire

wantspacegotspace.co.uk - Wheel growth for independent cycle retailer at Whiteley, HampshireAn independent cycle store on the expansion route is the latest retailer to take up space at a new £64m shopping centre near Portsmouth.
Solent Cycles, run by 39-year-old founder Mike Paget, has signed a seven-year lease on a 139 sq m (1,500 sq ft) corner unit at Whitely Shopping Centre, Whiteley.
The 29,289 sq m (320,000 sq ft) leisure and retail destination, with 56 shops and reportedly 91% let by rent, which officially opened on Thursday, May 23.
High street names at the landscaped site, with open spaces and public art, include Next, Topshop, M&S, H&M, Moss JD Sports, Boots and Body Shop.
Opposite Meadowside Leisure Centre, the Solent Cycles letting was handled by commercial law firm Graeme Quar & Co in a business relationship with Mike going back 17 years.
Graeme dealt with Mike’s first lease and subsequent renewals on the inaugural store at West Street, Portchester, in 1995, plus a second store at Marine Parade West, Lee-on-the-Solent, seven years ago and the third one in West Street, Fareham, three years ago.
Solent Cycles now employs 11 people overall, including manager Leon Topps, mechanic Craig Ponting and sales assistant Alex McDonald at Whiteley.
Mike said: “There is a clear business case for our products and services at Whiteley, both from the neighbouring residential communities and visitors coming to a destination shopping centre which could give Gunwharf Quays in Portsmouth and WestQuays in Southampton a run for their money.”
He added: “Graeme’s firm has been handling my legal paperwork for 17 years. Both Graeme and his team are approachable – they understand business.”
In a related development, the firm also carried out the lease work for another arrival at Whiteley, the Fabulous Bakers.
Led by bakery entrepreneur Mark Waite, from Denmead, and his brother Kevin, Fabulous Bakers is creating 12 jobs with a 93 sq m (1,000 sq ft) bakery and restaurant just a few doors along from Solent Cycles.
Fabulous Bakers has a store at Middle Road, Park Gate, and plans to rebrand The Village Baker in London Road, Purbrook, which is run by Kevin, as the Fabulous Bakers.
Graeme, the managing director of Graeme Quar & Co, said: “Longevity is a hallmark of mutual respect and trust in business.
“With that in mind, we’re pleased to see that both Solent Cycles and the Fabulous Bakers are punching above their weight and going for growth, generating valuable jobs as the economy starts to pick up.”
Paperwork was carried out by Robert Harris, the latest legal consultant to join 16-strong Graeme Quar & Co, which has offices in Fareham and Petersfield and has had a record year of growth and appointments.

Rent details were not disclosed.
Robert, who has 40 years’ experience in commercial property, previously worked for Mundays LLP in Surrey.
Other recent signings include Lorna Palmer, a Fellow of the Chartered Institute of Legal Executives, and Michael Dalton, a senior commercial property and business solicitor.

Posted by The Editor (wantspacegotspace) on 18th May 2013 (updated 31/05/2013)

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