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News Release

Glasgow

The Co-operative Food to Open Flagship City Centre Store in Glasgow


Glasgow, 29 October 2012 - The Co-operative Food is set to open a flagship store on one of Glasgow’s principal retail thoroughfares – Sauchiehall Street.
Signing a 16-and-a-half year lease with a private landlord, The Co-operative Food will take up residence at 143 Sauchiehall Street and commence trading in the run up to Christmas.

Comprising 6,962 sq ft, the lease includes a tenant break option at 11-and-a-half years.

The Co-operative Food is the UK’s fifth biggest food retailer. It is part of The Co-operative Group – the UK’s largest mutual retailer, owned by more than seven million consumers. The Group operates 4,800 retail trading outlets across the UK, with around fifty food stores in the greater Glasgow area.

Sauchiehall Street, a largely pedestrianised street which runs from the West End of Glasgow through to the city centre, remains a busy retail area despite some recent vacancies. Popular stores such as M&S, Boots, Primark, New Look, TK Maxx, Argos and Waterstones have a presence in the area, as well as other food retailers.

Jones Lang LaSalle acted as agents for Co-operative Food with Winton Faith acting on behalf of the landlord.

David Simmons, director of Jones Lang LaSalle in Glasgow, commented: “143 Sauchiehall Street will fulfil The Co-operative Food’s desire for a large flag-ship store in one of busiest retail areas in Glasgow.

“Although Sauchiehall Street has suffered, like many, during the economic downturn with increasing vacancies, the street retains an impressively high level of footfall and The Co-operative Food is confident that its new store will be extremely successful.

“The premise provides The Co-operative Food with a large enough frontage and suitable internal configuration to show-case its latest shop-fit and provide sufficient space for its full product range stamping a real presence in the area.”

Brian Lochrie, regional acquisitions manager for The Co-operative Food, said: “A new larger store in such a busy part of the city centre is a great boost for The Co-operative Food, and will complement our existing outlets in Glasgow. We’re looking forward to serving even more city centre shoppers, and are confident the new store will be an asset to Glasgow.”