Property News Review of The Group

Boots

Colliers International has successfully brokered a disposal of the Pitcher & Piano, Bishopsgate EC2 on behalf of Marston’s plc. Marston’s and the Landlords, Canada Life, have agreed an effective surrender of the lease and back-to-back reletting to Boots the Chemist for the 13,689sq ft unit.

Ross Kirton, Associate Director at Colliers International commented: “This is a fantastic deal for all of the parties concerned. Marston’s gets a surrender and leave the premises with no further liabilities, Boots gain a prominent position on this high footfall location in the heart of the financial district and Canada Life receive a higher rent and a quality retail tenant.”

“There are limited retail opportunities of this size with such prominence in this part of the financial district, so we are delighted to have reached an ideal agreement for Marston’s as well as Boots and Canada Life.”

Colliers International acted for Marston’s and CBRE acted for Boots the Chemist. Canada Life represented itself.

Uxbridge