Is it true that Lidl is coming to Putney on old Halfords and The Works site?
Judy Allen ● 2526d10 Comments
SO WE HEAR …. WHOOPPEE!!
Bunny Payne ● 2525d
Isn't that subject to the redevelopment of the whole block which was approved during BoJo's mayorship, despite the local planners turning it down? Nothing seems to be moving forward with that.
Neil Moulding ● 2525d
Neil,The block was sold by British land rather than redeveloping it, and the new owners decided to keep as was, after all the hoohah over planning. So Lidl would take the two vacant stores in the existing building I believe.
Mike Warman ● 2525d
Yes that’s correct Mike. M and G own the site It was always going to be difficult to redevelop as Barclays have a very long lease and costs of relocating them would’ve been huge. TK Maxx would’ve also had to be compensated for loss of trade if the site was redeveloped.
Nick Gulliford ● 2524d
Is there any sort of date for the opening? I note that the alcohol license application notices have been removed from the windows... Does this mean that they are not going ahead after all?
Rose Compton ● 2522d
Rose, Lidl haven't signed the formalities of the contract but they haven't withdrawn from the site. I would suspect an Easter opening assuming they sign shortly after Christmas now. Fingers crossed!
Nick Gulliford ● 2522d
If M & G Property are the landlords there may be problems in that -https://www.theguardian.com/money/2019/dec/04/m-and-g-suspends-property-portfolio-fund-retail-downturn-brexitIt will be interesting to see if PHS becomes even more of a Potemkin Village in January - a month when it seems many small businesses finally fold having hung on to benefit from Christmas trading. Lidl would have benefited the HS as a whole - sad if it does not go ahead.
Timothy Horgan ● 2517d
I can't see the queen visiting Putney any time soon.
Simon Knight ● 2517d
I'd have thought landlords would want to sign up tenants like Lidl to get some rental income and cover service costs from a substantive business enterprise, and hence get some income for investors in these funds?
Michael Ixer ● 2517d
That’s correct Michael . This transaction is not effected whatsoever by what M and G have done with their fund. As mentioned earlier in thread, I would hope to see Lidl signed in new year and open by Easter.
Nick Gulliford ● 2517d