Colliers International’s Retail Agency team has secured a new store in Leeds for fashion retailer Oliver Bonas.
Oliver Bonas has signed a 10 year lease to occupy 50 Albion Street in Leeds City Centre, the premises totals 2,250sq ft in size. The property is located on the main shopping thoroughfare in Leeds’ which links the city’s retail core to Trinity Shopping Centre.
The growing brand, which sells an eclectic collection of lifestyle and fashion goods, now has over 50 stores in the UK and has plans to expand further over the next 12 to 15 months.
Olivia Hughes, Colliers International, who advised Oliver Bonas on the letting commented: “This deal sees Oliver Bonas’ expansion plans to acquire space in strong regional retail markets gather pace and follows the opening of a new store in York in October 2015.
“Oliver Bonas has plans for further expansion and we have been given a target of acquiring around 10 stores nationally over the next 12 to 15 months. Leeds, with its evolving retail offer, was the natural next step for Oliver Bonas as the brand fits well with the varied demographic mix of the city. 50 Albion Street will undergo an extensive refit before opening end of March 2016”
Colliers International represented Oliver Bonas whilst Central Retail acted for the landlord, Town Centre Securities Plc.