Grosvenor announces a trio of health, art and hospitality lettings across Belgravia and Mayfair.
The arrival of GRIMM Gallery, Hummingbird Bakery and Dr David Jack Clinic strengthens the diverse retail offering across Grosvenor’s London neighbourhoods at a time when demand for space remains strong.
The signings with GRIMM Gallery and Hummingbird Bakery were agreed under Grosvenor’s Simplified Lease, which enables occupiers access to premises within c72 hours versus an average of six months. This lease removes the need for protracted legal negotiation on both sides reducing the time and costs involved in traditionally agreeing contracts - allowing occupiers to start trading sooner.
GRIMM Gallery, which was founded in Amsterdam and has since opened a gallery in New York, has taken 2-4 Bourdon Street in Mayfair as its next step in its global expansion. The gallery promotes emerging and mid-career artists who work in a diverse range of media.
Enhancing Belgravia’s renowned café culture, the Hummingbird Bakery is set to open its doors in the next month at 40 Buckingham Palace Road. The Belgravia store will be the bakery’s fifth in London, expanding its offering of delicious American-style cupcakes, decadent baked sweet treats and desserts.
Dr David Jack Clinic will open its first clinic outside of Harley Street in January 2023 at 59 Ebury Street. Dr Jack is a leading skin specialist at the forefront of rejuvenating aesthetic treatments. The clinic uses state-of-the-art equipment and stocks a range of topical skincare products designed to be effective for all skin types and concerns.
Joanna Lea, Director of Retail at Grosvenor commented: “Mayfair and Belgravia are home to a huge number of independent businesses, and many take their first physical store with us. We’re well placed to support growing brands and are delighted to be working with these businesses as they grow.
“The Simplified Lease is one of the initiatives we established to make taking space simpler for expanding businesses. In the last 12 months it has helped over 20 brands set up shop faster, easier and more cost effectively. With low vacancy and continued competitive demand for space, our drive to act as a partner to occupiers is supporting the ongoing success of Mayfair and Belgravia.”
Sara Simpson, director of Colliers’ Central London Retail team, added: “The simplified lease has offered a completely streamlined approach when dealing with independent brands and established operators alike. These three lettings to GRIMM Gallery, Hummingbird Bakery and Dr David Jack Clinic really showcases how Grosvenor is adding diversity to its estate by having a broad range of use categories, offering customers so much more of a reason to visit the areas than just to shop, thus increasing dwell time. We are confident that these companies will flourish in their new neighbourhoods.”
In quarter three of 2022, there have been 33 signings and lease renewals across Mayfair and Belgravia, 12 of which have been new retail lettings.
Colliers acted for Grosvenor on the lettings to GRIMM Gallery, Hummingbird Bakery and Dr David Jack Clinic.