Leading property consultant CBRE has announced that it has secured Scribbler for 122 Buchanan Street in Glasgow on behalf of the landlord, Royal London Asset Management.
UK-based greeting card retailer Scribbler has taken the prominent city centre unit, extending to 917 sq ft over the ground and basement levels, on a new ten year lease at a rental of £187,500 per annum.
Founded by husband and wife John and Jennie Procter in 1981, Scribbler is known for its edgy humour and unconventional take on traditional greeting cards. The store represents its third offering in Glasgow with other shops on Sauchiehall Street and Glasgow Central Station. The retailer moved into the new unit after the previous occupier Jones Bootbooker went into administration.
Kevin Sims, senior director in CBRE’s Retail team, commented: “We’re pleased to confirm we have advised Royal London on another deal for Buchanan Street in Glasgow. After a competitive bidding situation we secured Scribbler immediately after the previous tenant went into administration, showing the continued strength of occupier demand for Buchanan Street.
“In this age of large global brands it is also good to see there is still space for strong independent retailers on one of the UK’s premier shopping streets.”
Neighbouring retailers include Diesel, The White Company, Hobbs and T.M. Lewin, making this prime new location a perfect addition to the 34 Scribbler stores already operating across the UK.