Retail Property - Cadogan gives Sloane Square a boost with string of top deals

The Cadogan Estate has agreed a raft of deals around Sloane Square, Chelsea, taking forward its strategy of upgrading the area into a major destination for luxury and independent retailers.

Five deals have been agreed at the Duke of York's Square development, with two more retailers signing up. Italian womenswear brand Gas and footwear retailer LK Bennett have both taken run-through units of about 4,000 sq ft (370 sq m), fronting both the Kings Road and the Square at rents approaching£300 Zone A.

Inside the scheme, Fratelli Deli Cafe has taken 665 sq ft (60 sq m) of ground floor and 800 sq ft (75 sq m) of basement space. Menswear retailer Suede has taken 525 sq ft (50 sq m) of ground floor and 210 sq ft (20 sq m) of first floor space at£174 Zone A.

Grocer Partridges has taken 7,775 sq ft (720 sq m) at£300,000 a year, after surrendering its lease on 132-135 Sloane Street to Cadogan.

On the opposite side of Sloane Square, Cadogan has agreed more lettings at its Cadogan Mansions development, where it has already signed up Tiffany & Co, Pringle and Gianfranco Ferre. Links of London is taking 4,700 sq ft (435 sq m) at 16 Sloane Square, after surrendering its existing lease at 160 Sloane Street. Caramel Body & Child is taking 1,100 sq ft (100 sq m) at 259 Pavilion Road at£85,000 a year.

CB Richard Ellis is property advisor to the Cadogan Estate. Director Cameron Scott said: 'The demand for shops in the Sloane Square area remains strong, which is a direct consequence of the critical mass of quality retail that now exists.'