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Garrick-Aug named agent for retail malls in London.

Garrick-Aug named agent for retail malls in London

Garrick-Aug Worldwide, the international division of Garrick-Aug Associates Store Leasing, Inc., has recently been appointed the American retail leasing agent on behalf of Norwich Union and Capital & Counties for six new regional malls currently under development in London, England.

Charles Aug, president of Garrick-Aug, said this assemblage of exciting new retail projects creates a very special opportunity to enter the Common Market and take advantage of the benefits of the unification of the Common Market that is going to occur in 1992.

Today, American retailers, restaurateurs and service businesses can now easily get a foothold in Europe and take advantage of this opportunity to lease space in these new malls, says Aug. And, he said, a cluster of stores in a major market will enable chains to closely study the marketplace and fine tune their operations to the local consumer tastes.

"The elimination of the language barrier makes London an easy transition: said Aug.

These malls have three or four anchor tenants which are England's leading department stores; Mark & Spencer, John Lewis Partnership, Bentalls, House of Frasier, Allders, Owen Owen, Debenhams or large European specialty stores like C & A.

England has already attracted numerous American companies who have opened units here, such as: McDonalds, The Gap, Disney, Sam Goody, Tower Records, Haagen Dazs, Johnny Rockets and Kentucky Fried Chicken.

Garrick-Aug Worldwide has been appointed as the American leasing agent for the following enclosed regional malls in the London marketplace:

*Lakeside in Thurrock in for 1.3 million square feet

*The Harlequin in Watford for 750,000 square feet

*The Glades in Bromley for 415,000 square feet

*The Bentall Centre in Kingston Upon Thames for 460,000 square feet

*Saint Nicholas in Sutton for 375,000 square feet

*The Exchange in Ilford for 300,000.
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Publication:Real Estate Weekly
Date:Jul 10, 1991
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