PUTNEY INVEST IN. a great place to live and work RETAIL LEISURE COMMERCIAL

Transcription

1 PUTNEY INVEST IN a great place to live and work RETAIL LEISURE COMMERCIAL

2 INVEST IN PUTNEY Introduction This document is designed to help explain what Putney has to offer to investors, whether for new retailers in the High Street, commercial occupiers on the Upper Richmond Road or for redeveloping key areas of the town. Putney is a vibrant, cosmopolitan and historic town on the River Thames in London Based in the borough of Wandsworth, widely regarded as one of the most progressive and business-friendly boroughs in London. Only 20 minutes from Central London, it has a predominantly affluent, well-educated and young population. It is an enjoyable place to live, work and visit. Catchment Putney s catchment population is approximately 135,000 people. The catchment profile is dominated by two lifestyle groups: 55% Urban Intelligence younger, well educated and well paid professionals (versus 7% GB average). 22% Symbols of Success older professionals with high disposable income (versus 10% GB average). Putney is heavily weighted towards: The higher social profile groups, with 72% being ABC1 (versus 51% GB average). The highest spending age group, with 51% of catchment aged between years (versus 15% GB average). Transport Putney is graded by Transport for London in the top category (6) for accessibility by public transport. The town has: Putney Mainline Station (Waterloo 15 minutes, Clapham Junction 5 minutes). East Putney and Putney Bridge tube stations (both District Line). 15 bus services which connect Putney with Central London,Greater London and beyond. Easy road access to both the nearby A3 and A4, and the A205 South Circular. An increasingly used river taxi service for commuters and leisure users. Environment Putney provided an easy river crossing pre-dating Roman times, with the first bridge completed in Famous for the Putney Debates held in 1647 by Cromwell s army. Putney has an historic core, with many attractive period buildings along the high street being Georgian or Victorian. Has an unusually good selection of cafés, restaurants, bars and pubs, located throughout the town and along the river, making this a great place to relax and entertain for office workers, visitors and residents. National retail chains and speciality independent shops. Main cover image kindly supplied by Nationwide Building Society, Putney

3 RETAIL Putney town centre consists of approximately 330 shops, comprising over 300,000sq ft of retail floor space. Identified as a Major Centre in The London Plan, it is the highest ranked centre in the Borough of Wandsworth, in terms of its multiple retailers, followed by Clapham Junction, Tooting, Wandsworth, Balham and Battersea. The town is anchored by the Exchange Shopping Centre, which houses 50 shops, including Waitrose, Gap, Argos, Waterstones, Next, Monsoon, Fat Face, River Island and La Senza. The Exchange has a 265 space car park and generates footfall of over 120,000 shoppers per week. The main area of retailing is along the High Street, which includes Marks & Spencer, Sainsbury s, Boots, Benetton, Jigsaw, HMV, WH Smith, Topshop and TK Maxx. In addition, a large number of independent local retailers occupy many of the side streets, in particular, Lacy Road, Lower Richmond Road, Upper Richmond Road and Putney Bridge Road. The town centre has two main supermarkets, Waitrose and Sainsbury s, as well as a foodhall in M&S and convenience outlets run by Tesco and Somerfield. In the last few years, a number of new retailers have come to the town, with a general upmarket shift. These include Laura Ashley, Fat Face, JoJo Maman Bébé, Office, River Island, Maplin, Topshop, Top Man, TK Maxx and Mountain Warehouse. The vacancy rates for the town are consistently low. The catchment spends 14,000 per household p.a. on all goods, of which 6,500 are on comparison goods (31% more than the GB average). On catering, the catchment spends 66% more than the GB average. Putney also significantly draws on the surrounding affluent neighbouring areas of Barnes, Mortlake, East Sheen, Fulham and Southfields, each of which has weaker retail offers. The town centre retailing area is surrounded on three sides by residential properties, meaning that a high proportion of customers visit the shops by foot and on a regular basis. In addition, the large number of office workers in Putney generate significant spend on weekdays. Funds are available to independent businesses from Wandsworth Council to help improve the town via the Town Centre Improvement Scheme (loans/grants). from a series of sheets covering: Retail, Leisure Commercial and Development RETAIL

4 RETAIL Our relocated office continues to trade extremely well in Putney. The very busy high street, excellent customer catchment, close proximity to London and easy access make it ideal as a place to do business. With 13 years experience of Putney we value our Putney branch as one of the best we have Charbel Youssef, Manager, Flight Centre Putney has proven to be a great place to do good business over the last 20 years. Henry Hobson, Franchisee Snappy Snaps Our recent investment in a major refit is based on an excellent local customer profile and 15 years successful trading. Alex Curti, Benetton Putney Arcadia chose Putney to open its new Topshop/Topman store because the profile of local customers is a great fit with our retail offer. Craig McGregor, Retail Director Topshop/Topman "Our research showed that Putney shoppers are fashionable, love quality brands and appreciate good value, which makes it an ideal location for our concept. We are very excited about opening our first ever womenswear only store here." Deborah Dolce - SVP, Director of Brand and Business Development, TK Maxx UK and Ireland Retailers Christmas Market BT.2156 (2.10)retail RETAIL

5 LEISURE Putney has a vibrant and growing leisure scene, with an ever increasing number of cafés, restaurants, pubs and bars, many taking advantage of the town s position on the Thames. A recent example is the new Putney Wharf development, an award winning mixed use development by the river, comprising over 250 apartments, together with a pub, bar and restaurants such as Carluccio s and The Boathouse. At the northern part of the high street, adjacent to Church Square, is an Odeon multiplex cinema. The town centre also boasts a number of health & fitness clubs and children s play centres, such as Gymboree Play and Music, and Eddie Catz, which has licensed refreshments, party function room and play/entertainment areas. The Half Moon pub provides one of South West London s best known and loved live music venues, with live bands playing throughout the week. Cultural activities also form a part of Putney life the famous Putney Debates are commemorated at St Mary s Church (by Putney Bridge) with a permanent exhibition, marking the importance of Cromwell s 1647 debates in shaping the future road to democracy in Britain. The Putney Sculpture Trail is a new and unique riverside trail of just over a mile, featuring nine near lifesize figurative sculptures created by veteran local and nationally recognisedscuptor, Alan Thornhill. Putney Bridge provides the starting line of the annual Oxford & Cambridge Boat Race, watched by circa 250,000 people each year. In addition, a three day annual Putney Music Festival is held over the Boat Race weekend to increase the fun surrounding the event, and help capitalise on the business opportunity. Established for over 10 years, the festival involves around 20 venues each year. The Boathouse has been one of Youngs topperforming pubs since opening and a hub of summertime riverside activity in Putney Wharf. Stephen Goodyear, Chief Executive, Young & Co's Brewery plc from a series of sheets covering: Retail, Leisure Commercial and Development LEISURE

6 LEISURE Putney has proved to be a great location to launch our Eddie Catz concept and we have used this site as a launchpad to our business. The location provides us with an catchment of young aspiring families, a busy high street, a high quality of surrounding shops and easy access for staff Darren/Maria Johnson, Eddie Catz Children's Edutainment Centre Putney Wharf has proven to be an ideal location for our riverside restaurant. Simon Kossoff, Carluccio's Managing Director BT.2156 (1.09)leisure LEISURE

7 COMMERCIAL Putney is home to companies large and small. The majority of the large office developments are situated on the Upper Richmond Road, which forms part of London s South Circular Road. Many of these offices have their own parking. Putney is outside of the congestion zone, yet very close to Central London. Employees like working in Putney because of its great transport links, broad range of shops, picturesque riverside and bustling cafés, restaurants and bars. It is an area of low crime. Developers like Putney, as property values have historically remained comparatively resilient. Successful companies operating within Putney include internet comparison site Pricerunner/Valueclick, Russell-Cooke Solicitors, Ingham s and VSO (Voluntary Services Overseas). Putney has more commercial office space than elsewhere in the borough, making it ideal for both small growing concerns and larger established businesses. ValueClick have had offices in Putney for over 5 years. In that time we have found it a great place to grow our team. There are strong transport links and good local facilities which appeal to our bright young workforce. Carl White, CEO, ValueClick Europe Ltd Putney offers an ideal balance of accessibility, facilities and value for money to any service based business. John Gould, Senior Partner, Russell-Cooke Solicitors (a 'Top 100' legal practice) Putney's unique riverside environment combined with an award winning design have resulted in Putney Wharf becoming one of our most successful developments. Mark Griffiths, MD St George South London from a series of sheets covering: Retail, Leisure Commercial and Development COMMERCIAL

8 COMMERCIAL Putney has proven ideal as a location to site our business close to London, easily accessible by public transport, with an excellent catchment area for staff and an interesting town to work in. Litsa Constantinou, CEO, Inghams Putney has proved to be a great place to site our two offices - it's a bustling and busy town with the added bonus of some wide open spaces and the beauty of the River. Putney's wide range of facilities and shops, and great transport links, allows us to attract staff from a bigger catchment area. Sally Halsey, Head of Facilities at VSO BT.2156 (1.09)comdev COMMERCIAL

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10 Putney at a glance A great place to work and live. Predominantly young, educated and affluent local population. Vibrant café/bar/restaurant scene and evening economy. Excellent public transport links and accessibility. Good range of commercial and retail premises. Low unemployment. Low crime rates. Venue of The Boat Race and Putney Music Festival. Flexible and business friendly council with key staff and resources to help you. Further information is available from phone: Putney Town Centre Manager (020) Wandsworth Council Economic Development Office (020) /6884 visit: putneytowncentre@wandsworth.gov.uk edo@wandsworth.gov.uk M4 West Hammersmith Victoria Station Waterloo Station Richmond East Sheen Barnes PUTNEY Fulham Southfields Clapham Junction Station Battersea Southfields Wimbledon Gatwick Airpost and the South Coast PUTNEY a great place to live and work RETAIL LEISURE Designed and produced by the Corporate Communications Unit, Wandsworth Council. BT.2156 (1.09) COMMERCIAL