Real estate investment manager, Lothbury Investment Management, has
completed the letting of a retail unit at its flagship Covent Garden holding, on
behalf of Lothbury Property Trust.
The ground floor and basement unit at 30 James Street comprises 1,450 sq ft. The
space has been let to progressive designer eyewear company bloobloom on a five-year
lease generating a rental income of £450,000 per annum. The unit was previously
occupied by DnaNudge.
Originally an online-only retailer, bloobloom is taking the prescription eyewear market
by storm. With its flagship store now open in Covent Garden, the retailer has a further
four outlets across London.
Lothbury Property Trust owns six retail units on the busy pedestrianised thoroughfare
of James Street, which links Covent Garden tube station with the Piazza. The location
benefits from exceptionally strong retailer demand and is home to a wide range of
world-class fashion, beauty and lifestyle stores.
Jonathan Strong, asset manager at Lothbury Investment Management, said: “James
Street continues to be an excellent performing asset which has been in the Lothbury
Property Trust portfolio since 1991. We are delighted to welcome bloobloom, an
exciting new brand to this location, where we’re sure they will fit in well with our existing
high quality tenants.”
Abbas Manai, co-founder at bloobloom said: “We are really excited to be opening our
new flagship store in Covent Garden, it is a great destination for us. We have worked
hard to create a brand that appeals to everyone and Covent Garden has the perfect mix
of retailers to compliment bloobloom. We strive to create a great shopping experience for
our customers and hope that the store will attract a new audience in the area. The new
store opening is a great addition to our expansion this year.”
Lothbury was represented by Hanover Green Retail and Colliers. bloobloom was
represented by Thomas Pain & Company.
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