We are pleased to have acted on behalf of the City of London Corporation on the recent lease re-gear with Reiss at Leadenhall Market in the City of London.
Reiss have signed up to a new 5 year lease, subject to a break at year 3 and will be paying a turnover linked rent, subject to a base rent.
Greg Stalcup, Partner in our Retail team said: “We are delighted to have advised the City Corporation on this lease re-gear. Reiss are a great British brand who are a perfect fit for Leadenhall Market and the turnover linked rent arrangement ensures the rent they pay from now on is directly linked to store performance, de-risking their occupation”.
Leadenhall Market is a grade II listed market in the heart of the Square Mile. It is home to national and independent fashion brands, fine dining and family restaurants and a range of pubs, cafes and wine bars. The City Corporation have offered all tenants the option of turnover linked lease as part of a wider COVID assistance package. Our retail team have been appointed to handle the regears on their behalf. For more information please contact Greg Stalcup.
