// Hawley Wharf developers offering potential store operators turnover rents and short term leases
// Scheme aimed at attracting fledgling or independent retailers looking to expand with low risk
The landlord behind a new retail and lifestyle development next to Camden Markets has unveiled a new leasing scheme that aims to attract indie and start-up retailers.
The programme, which will formally launch tomorrow, is designed to make it as easy and attractive as possible for entrepreneurs, independents and artisans – including those new to bricks and mortar retail – to take space in the Hawley Wharf development.
Hawley Wharf is a 580,000sq ft mixed-use, canal-side destination owned by LabTech that is due to open in Camden, north London, this autumn.
LabTech said the key to its programme is to create flexibility and reduce risk for start-ups and fledgling retailers by offering turnover rents and shorter term leases.
The Hawley Wharf leasing team has also been proactive in finding potential store operators through extensive targeted adverts on social media and in Time Out, and visiting London’s other leading markets and talking to independent retailers about the possibility of expanding into Hawley Wharf.
“We recognise it is important to break down barriers for entrepreneurs, independents and artisans,” LabTech commercial director Tomer Bercoviz said.
“That means sharing the risks, increasing the ease with which such businesses can take space, and supporting them as they grow.
“In addition, our strategy enables us to support international brands looking to break into the UK market for the first time, providing them with a platform in the heart of Camden that will give them the opportunity to grow globally.”
LabTech is operated by Israeli billionaire Teddy Sagi and has a property portfolio worth £3 billion, which includes the markets of Camden Lock and Camden Stables.
The neighbouring Hawley Wharf development would seek to revitalise the site’s 30 railway arches which sit alongside new buildings influenced by Camden’s existing historic warehouses.
Colliers International is leading the retail, food and drink, and leisure leasing for the new development.