Laithwaites To Expand Across The South East
10 Jul, 2005, London
Quality wine merchants Laithwaites has instructed Cushman & Wakefield Healey & Baker (C&W/H&B) to find new sites across London and the South East for its expanding UK retail network.
Founded by Tony Laithwaite 36 years ago, Direct Wines is the world's largest home delivery wine merchant, with sales in excess of £250m. It is now seeking to enhance services and convenience for customers through a retail network.
Laithwaites presently operates stores in Windsor, Beaconsfield, Theale and South Croydon. A 2,800 sq ft store has also just opened at 60 Station Road, Solihull B91 3RX. Three more units are currently under offer.
Through C&W/H&B Laithwaites is now looking for further units of between 2,000-5,000 sq ft in high visibility, roadside, in, edge or out of town locations with access to around eight car parking spaces. Ideal sites may include secondary retail parades, solus units, retail parks, former petrol stations, car showrooms and former pubs.
Richard Ward, partner, C&W/H&B: "The Solihull store is an excellent acquisition for Laithwaites which is keen to open stores in other affluent locations. With the strength of the Direct Wines covenant it offers landlords a very secure investment".
Priority locations in London are Ealing, Chiswick, Hammersmith, Putney, Richmond, Twickenham, Barnes, Kingston, Wimbledon, Battersea, Clapham and Wandsworth. Across the South East it requires sites in High Wycombe, Bournemouth/Poole, Christchurch/Crawley, East Grinstead, Guildford, Harrow/Pinner, Haywards Heath/Burgess Hill, Hemel Hempstead/St Albans/Harpenden, Reigate/Redhill, Royal Tunbridge Wells/Sevenoaks, Welwyn Garden City/Hatfield and Woking.
On the Solihull letting Johnson Fellows advised the lessor Choices Video. C&W/H&B advised Laithwaites.