Colliers International has advised the City of London Corporation on letting the last available unit at Leadenhall Market to Viandas de Salamanca, a premium Spanish retailer specialising in Iberico hams. With this letting, the 14th century market is now fully let for the first time in over five years.
Viandas will be paying a record Zone A rent of £265 per sq ft on the 1,200 sq ft unit.
The Iberico ham-themed speciality food retailer offers affordable high quality Spanish gastronomy, prepared on-site, to take away including ham sandwiches; charcuterie cones; cheese and hornazo (a Spanish meat pie).
The company currently operates a total of 21 stores (14 in Spain and seven in France) and is now opening new units in London, New York, Lisbon, Mexico and Milan as it looks to expand.
, Associate Director in Colliers International’s Central London Retail
Agency team, commented: “Originally a meat, poultry and game market, Leadenhall Market has now become a destination that caters for a wide variety of visitors. Anchored by Reiss, Hobbs and Barbour, we wanted to restore a little piece of history to the area by introducing a retailer that brings a contemporary concept which specialises in what Leadenhall Market stood for at its inception.
“Other recent lettings to Oliver Sweeney and The Good Yard emphasise our intentions to create a high quality, modern day market place for the surrounding office occupiers and the many tourists visiting the historic market building.
“For the first time in over five years, all of the units here are fully let to a diverse portfolio of retailers. This demonstrates just how sought after Leadenhall Market has now become.”
Andrew Cross, Assistant Director of City Fund in the Investment Property Group at the City of London Corporation, added: “We are pleased to see that renowned cultural sites such as Leadenhall Market continue to attract a range of European companies to the City of London.
“We welcomed over 10 million visitors to the City in 2015 and although the City is best known as a leading global financial centre, our cultural offering is also amongst the best in the world.
“Businesses such as Viandas are vital in ensuring Leadenhall Market remains a top-class destination for retail and leisure in the City’s Eastern Cluster, meeting the needs of local business and tourists.”