Newsteer secured Superdrug as the occupier of a prominent 6,083 sq ft retail unit at 120 Cheapside in the City of London on behalf of KanAm Grund Group.
The client’s challenge
The client needed to secure a strong occupier for a high-profile retail unit opposite One New Change, maximising the value of its prominent glazed frontage and central City location.
Our solution
Working alongside GCW, Newsteer marketed the opportunity, engaged occupiers and negotiated terms for a new letting to Superdrug.
Beyond advice: how we added value
The team focused on matching the unit’s profile, configuration and location with an occupier capable of strengthening the asset’s long-term retail offer rather than simply filling the space.
Outcomes and impact
A new letting was agreed with Superdrug for the ground and basement unit, adding a recognised national retailer to this prime City location.
