RETAIL property specialists from Midlands’ law firm Harvey Ingram advised and negotiated leases for four national names at the new Westfield Stratford City shopping complex in London.
The site sits right next to the Olympic Park in East London and has now become Europe’s largest urban shopping centre with more than 300 stores, 70 restaurants, three hotels, a 14-screen cinema, bowling alley and the UK’s largest casino.
Caroline Smith, partner and head of retail, along with specialist retail consultant Richard Miller, carried out negotiations on behalf of Vision Express, Timpson, Paperchase and Jones Bootmaker.
It is estimated the complex will create 18,000 jobs, with 95% of its 1.9m sq ft now let, and more than 70% of spectators attending the 2012 Games will pass through the mall to get to the main venues.
She said: “Timescales were very tight with everything hinging on Westfield Stratford City’s pre-agreed, high-profile opening date.
“Given the complexity of the various leasing arrangements, the acquisitions were challenging, but they were all completed in time to enable the stores to open on the centre opening date.
“It’s very satisfying to play a part in such a prestigious development that creates a legacy which helps ensure the area thrives for generations to come.”
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