Boston Tea Party arrives in Brum
A BRISTOL-based coffee shop chain has opened its first branch in Birmingham, after taking up residency in a building next to the city’s law courts.
The building, at 190 Corporation Street, was best known as a Yates’s Wine Lodge, but closed when that company went into administration in 2008.
Since then, 190 Corporation Street has been home to a number of short-lived ventures, but has now become a branch of the Boston Tea Party Group Ltd, in a deal arranged by the Birmingham office of Cushman & Wakefield.
Boston Tea Party Group is a family-owned business founded in 1996 and has four branches in Bristol, and six elsewhere in the South West. It also has one other Midlands outlet in Worcester.
The new Birmingham branch has been taken on a ten year lease on a commencing rental of £37,500 per annum.
Cushman & Wakefield acted for the landlord, London-based La Salle Investment Management.
Ed Purcell, retail surveyor at Cushman & Wakefield in Birmingham, said: “Boston Tea Party has spent a lot of money fitting out 190 Corporation Street and we are pleased to have finally secured the future of this famous old building.”
Meanwhile, Cushman & Wakefield has been appointed by financial services firm Oakam to acquire a number of stores throughout the Midlands on High Street sites.
Oakam is a London-based company with 15 outlets within the M25 and its main business is providing financial services for people who can’t borrow from the banks. It is aiming to open around ten outlets in the Midlands.
