IT’S WHAT WE KNOW
Metis is retained by Waterstones on all their disposals across the UK. we currently have a number of new store acquisitions underway. Our team has most recently overseen the disposal of their stores in Ludgate Circus, London; The Swan Centre, Eastleigh and New Street, Birmingham.
The New Street, Birmingham Waterstones store was in an attractive Grade II listed former bank building providing 23,000 sq ft over 7 floors at the heart of the city centre.
Having secured strong interest from a number of major retailers during the marketing period, a lease surrender was negotiated with the landlord to pay a significant six-figure premium to Waterstones. This enabled a new letting to Apple, which will open in Summer 2016 as the company’s flagship Birmingham store.
Metis remain on the hunt for new stores for Waterstones across the UK, focused mainly on affluent market towns.