Property News - Hobbs goes to Gunwharf

Hobbs has taken space at Gunwharf Quays - the Berkeley Group and Land Securities'£200 million mixed-use development on the waterfront at Portsmouth Harbour. The retailer has taken a 4,120 sq ft (380 sq m) unit on a 10-year lease. CWM and Lambert Smith Hampton - joint letting agents for retail at Gunwharf Quays - are quoting rents based on£35 per sq ft (£377 per sq m) plus a turnover top-up, or 13 per cent of turnover.