CF Commercial have been appointed by @lift.themovement to find them a permanent site of 2,000 – 3,500 sq. ft. in Waterloo, London Bridge or Victoria.
Lift: The Movement was founded in 2015 with the aim of establishing Bodyweight Strength and Conditioning as a standalone fitness concept. Their aim is to provide a totally new concept in a unique, discipline specific environment and redefine mainstream fitness norms.
Contact Harriet Gidney for further information:
020 3216 3916
Elephant One, SE1, is part of the wider Elephant + Castle redevelopment which will deliver the new town centre for one of Central London’s largest regeneration projects.
Delancey have appointed CF Commercial as joint agents to lease circa 9,100 sq ft across four restaurant + bar units.
CF Commercial will draw upon its experience to attract a mix of independent and established operators.
Contact email@example.com, or call 020 3216 3916 for further information.
On Sunday, CF Commercial’s Daisy Rees and Evie Barnes will be taking on the London Marathon for their chosen charities Anthony Nolan and Mind.
The run will be taking place throughout central London, starting in Greenwich, over London Bridge and into Canary Wharf, to finally finish up in St James’ Park. Daisy and Evie will be two of the fourty thousand participants that will be taking on London’s roads for the gruelling 26.2 mile run.
They are both running for great causes, and by sponsoring them through the links below, your donations are sure to help others across the UK:
A pioneering charity that saves the lives of people with blood cancer. Every day, we use our register to match remarkable donors willing to donate their blood stem cells to people who desperately need lifesaving transplants.
Please sponsor Daisy at https://www.justgiving.com/fundraising/daisy-rees5
Mind are an award winning mental health charity who support thousands of people throughout the UK who suffer from a wide range of mental health diseases.
Mind have teamed up with the Heads Together London Marathon campaign, which has been headed up by the Duke and Duchess of Cambridge and Prince Harry. Where they are campaigning to end the stigma around mental health.
Please sponsor Evie at http://uk.virginmoneygiving.com/EvangelineBarnes
We have recently appointed Marc Dobber and Harriet Gidney to focus on site acquisitions and disposals.
Dobber, a chartered surveyor, moved from CBRE’s Canary Wharf office (formerly Alan Selby & Partners), where he specialised in sourcing sites on behalf of property developers and provided development consultancy advice for place-making major mixed-use schemes across East London and Docklands.
Gidney, who has nearly 10 years’ experience in retail, joined from West End-focused CWM Property Advisors, where she worked in their tenant representation department.
Craig Fisher, Director of CF Commercial, said:
“Between them, Dobber and Gidney bring a wealth of experience and expertise in site acquisitions and disposals, meaning CF Commercial will be able to better help our clients by offering a full spectrum of services. I look forward to working closely with them.”
CF Commercial are appointed by the London Borough of Hackney to advise on occupier strategy and to lease the 8,000 sq ft of creative office workspace at the Westgate Centre, London Fields.
We were successful in responding to the growth in demand for creative workspace in London Fields, by letting the seven units to a variety of creative occupiers, which include: a creative branding agency, a sculptor, an innovative architectural material company and a multi disciplinary design studio.
Estates Gazette’s article Assembly Required featured the tenants of Westgate, where they speak about how the capital in cashing in on the growth in British manufacturing which has caused them to re-locate to London Fields;
‘Creative agency Village Green, the company behind the branding for the AlphaBeta building, EC2, moved from Old Street to London Fields in December after its previous council landlord decided to move tenants out and do a refurbishment. Creative director Seb Marling says workspace cost is very important because the company tends to be project based, and during his time in Old Street he’d seen rents double.’
CF Commercial are retained as the retail and leisure advisors to the London Borough of Hackney, please email firstname.lastname@example.org or call on 020 3370 4334 for further information.
CF Commercial acted on behalf of Peabody in marketing the ground floor commercial space at 34 & 38 Dalston Lane premises by way of a new lease.
Subsequently, a new 5 year lease was agreed to Inspire! at a rental of £104,473 p.a.x.
Inspire! is an Education Business Partnership working in Hackney, Camden and Islington. Their aim is raise achievements and aspiration of young people, helping them to increase their ability for a positive career life. This will be a great addition to the Borough of Hackney, which is seeing a considerable amount of investment in the area.
CF Commercial acted on behalf of Lobster Bar in the surrender of their lease at 205 Richmond Road, Hackney. Subsequently they have assigned their existing lease to Patty & Bun Ltd at the current passing rental of £47,500 p.a.x.
Patty & Bun will be opening their doors on Richmond Road in mid-January 2017, and are set to be a great addition to the trendy area of London Fields.
View their website for further information – http://www.pattyandbun.co.uk/
ETM Group, who are known for their up-market ‘fashionable’ venues such as; Sloane Square’s Botanist, The Gun & The Well, have now opened two new dazzling concepts within the Montcalm Royal London House, located on Finsbury Square.
Burdock London, was the first ETM opening within the hotel, it serves as a ‘smart cocktail bar’ within the lobby area. The interior design is trendily plush, and serves alongside the perfectly relaxed atmosphere in both of the casual dining and bar areas.
Aviary rooftop bar recently opened, early December, the bar is poised elegantly above and looks over Finsbury Square. The rooftop restaurant and bar has a stunning south-facing terrace which gives visitors an amazing view over the city, this is a perfect new place for drinks in the city fringe.
Check out their website for further information: http://www.aviarylondon.com/
Lendlease has appointed CF Commercial and Nash Bond as joint agents for the retail and restaurant offering at International Quarter London.
The £2.4bn mixed-use development, which is next to Queen Elizabeth Olympic Park and Stratford International train station, will eventually house over 25,000 workers when completed in 2025.
Around 52,000 sq. ft. of shops, restaurants and cafes will sit alongside 4m sq. ft. of Grade A office space and 333 new homes. Almost 1m sq ft has already been pre-let, with the Financial Conduct Authority (FCA) and Transport for London (TfL) taking the first two commercial buildings, which were sold to Deutsche Bank and Legal and General respectively.
Craig Fisher, founder and managing director of CF Commercial, said: “London’s centre of gravity continues to shift eastwards, with areas like Stratford rising to challenge established strongholds of commerce and culture, and International Quarter will help underpin that shift.”
CF Commercial, which has carved out a niche in sourcing independent operators, will work alongside London specialist agents Nash Bond to let the first phase, totalling 15,000 sq. ft. across 12 units. Please contact either Craig or Tom for more info on 0203 370 4334.
CF Commercial acted on behalf of Trilogy Property in marketing Republic, the former East India Dock site, by way of a new temporary lease.
Subsequently agreeing terms with Lunfardo Ltd (Quilombero) on the basis of a new 6 month lease.
‘Republic’ is a unique 600,000 sq. ft. office space which focuses on creativity, as well as a proposed state of the triathlon centre, gym, and a newly revitalised retail and leisure offering.
Quilombero is the new restaurant from the duo behind Rita’s in Hackney, Missy Flynn and Gabriel Pryce. They have recently opened their doors to serve a menu that merges Argentine and Italian food, which incorporates both an outdoor grill and a wood-fired oven. Their new canteen styled restaurant is sure to fit-in perfectly with the creatives that will be moving into the workspace campus over in East India Dock.
For more, follow them on Instagram @quilomberoldn
Congratulations to Randy’s Wing Bar, Here East, for being named Time Out London’s restaurant of the week!
Randy’s Wing Bar was formed by Richard Thacker and Andy Watt’s (Randy’s), their inspiration for creating the perfect chicken wing bar stemmed from their travels through the US.
Since launching in 2013, they have enjoyed success from residencies in several pubs and various pop-up locations across London. You can now enjoy their mouth watering wings in their first permanent home in Here East (AKA the Hackney Riviera).
Here East, Canalside, is slowing becoming one of the best destinations for independent retailers, cafes, bars and restaurants. The commercial spaces serve ample Al fresco dining and event space and is therefore the perfect place to meet, eat and relax with friends.
“When you next find yourself in Hackney Wick, Randy’s – with its exceptional chicken treats and all-American welcome – is well worth getting a little bit lost for.” Laura Richards, Time Out London.
CFC are appointed as joint retail-agents at Here East, and we will soon be launching phase two. Please contact either Craig or Daisy for more info on 0203 370 4334.
Continuing on our case-study of how CF Commercial has played a part in the transformation of the Olympic Park – an area woefully underutilised, now flourishing:-
The International Quarter (TIQ)
Lend Lease’s TIQ, situated adjacent to the Westfield shopping centre will form a significant business community with 4,000,000 sq ft of office space and 350 residential units. The commercial space, across two sites, North and South, will include 25,000 sq ft of retail & leisure centre.
There were major office pre-lets to both Transport of London and the Financial conduct Authority (FCA) for 420,000 sq ft and 425,000 sq ft of space respectively.
CF Commercial is instructed as joint retail agents with Nash Bond and is excited to see how this project develops.
Taylor Wimpeys’ Chobham Manor, overlooking the velodrome, is soon to begin its marketing phase. Such an exciting, well-positioned site has already been gamering significant interest.
CF Commercial are advising Taylor Wimpey on 15,000 sq ft of commercial space.
Stratford Waterfront & UAL Campus
Stratford Waterfront is one of two sites that make up the ‘Olympicopolis’ – situated next to the London Aquatics centre.
CF Commercial are providing consultancy advice at pre-planning stages to London Legacy Development Corporation (LLDC) including how the retail & leisure can complement a new “destination for exceptional cultural experiences” (QEOP, 2016)
Tenants include the V&A museum, Sadler’s Wells and a new space for Washington DC’s mammoth Smithsonian museum.
This will line up alongside a new home for UAL’s 5,000 London College of Fashion students and 500 staff.
The recently concluded Olympic Games Rio 2016 has led to media introspection of the legacy from the previous Olympic Games, London 2012 and specifically what has become of the Queen Elizabeth Olympic Park. In a two part series, we can explore the role CF Commercial is honored to have played in the regeneration process:-
The former athletes’ village has formed a significant new mixed-use development with a real ‘village’ feel – it includes 70,000sqft of retail over 35 units and 2,818 residential units.
Exciting operators include: Olive Loves Alfie – a family lifestyle store; Mamalan – Bejing street food; Darkhorse – a bar-grill; Fishhouse – a seafood offering, and Signorelli – a large bakery with a glass-fronted kitchen.
CF Commercial’s Craig Fisher said of curating the retail offer, “We have created a real village feel – we’ve got the butcher, baker, many restaurants and with Liverpool Street station fifteen minutes travel you can certainly see the attraction.”
The former Press and Broadcast Center has had a comprehensive office-led redevelopment by Delancey. With 85,000 sq ft of retail & leisure across 5 unique spaces; the Canalside, the Yard, the Theatrespace, the Undercroft and the Gantry – which translates into approximately 30 units. CF were instructed as joint-retail agents with Cushman & Wakefield and have brought exciting tenants as outlined in our earlier news piece, ‘EVENT: Run Hackney Half-Marathon and The Breakfast Club soft opening.’
An Italian food market, hailing originally from Milan, is officially launching in Elephant & Castle this September, with events planned throughout the month.
Andrea Rasca has secured a deal with housing association Peabody to invest £1.2 million and open a market at a three-storey, 45,000 sq ft building at Newington Causeway near Elephant & Castle station – located in a characterful old paper factory.
Its design will be based on Rasca’s Mercato Metropolitano which opened in Milan last year and serves 600,000 meals a month. It will include a bakery, fishmonger, pasta-maker, butcher, coffee roaster, cheesemonger and a pizzeria.
An excited Andrea Rasca explains what he has in mind, “On a social level what could be better than to share good and tasty food with our friends and family. That is what is at the heart of Mercato Metropolitano.”
“Peabody’s social purpose and focus on wellbeing fits perfectly with Mercato’s approach. Not only will this be a fantastic destination for families and friends to come and enjoy food and entertainment, but our partnership will also mean new job opportunities, educational offerings, and other community benefits for local people,” said Veronica Kirwan, Peabody Director of Community programmes.
In addition to the exciting independent food operators will be Prezzemolo e vitale, an independent supermarket from Palermo, on the ground floor. Over that, there’s a barber shop and boxing gym, and over that is MAX, a co-working space.
CF Commercial are instructed nearby on the retail element of Lend Lease’s £1.5 billion regeneration project, Elephant Park, and welcome a great addition to the area.
CF Commercial acted on behalf of Spit Jacks in the surrender of their lease at 87 Lauriston Road, Victoria Park Village and subsequent new lease to Gail’s Artisan Bakery at a rent of £35,000 p.a.x
Bringing their mix of undeniable passion for baking and display-space for local artists, they will surely fit well with the road and its village feel.
On Sunday was the annual Vitality Health Run Hackney half-marathon event.
Hosted on certainly one of the hottest days of the year. There were 11,899 runners, CF Commercials’ own Daisy Rees one of them. Participants were emailed earlier in the week to take it slowly, invite family and make a day of it.
The 13-mile route starting from Hackney Marshes and weaving around Hackney – past the famous Hackney Empire – and around the Olympic park. The finishing line was Canalside at Here East, Queen Elizabeth Olympic Park.
Many hundreds of spectators waited on the banks of the river to welcome the Finishers, with well appreciated cold drinks and snacks.
The site of HereEast was absolutely packed. Of no coincidence, one of its most anticipated food operators – The Breakfast Club – had their soft-opening.
The £300million former press-centre for the 2012 Olympics is quickly becoming an incredibly exciting site. Canalside at Here East has had considerable recent media coverage for its raft of new ‘foodie’ operators – in addition to The Breakfast Club is Shane’s on Canalside – sister restaurant to Shane’s on Chatsworth, Grotto – a rustic Italian from the duo behind Soho’s Pere E Mele, a hybrid craft brewery and Capish!food, and of course Randys Wing bar which opens soon. Randys Wing bar will be the permanent home for the duo that have been causing havoc packing-out street food festivals across London for years with their great chicken wings.#
CFC are appointed as joint retail-agents at HereEast, and we will soon be launching phase two. Please contact either Craig or Daisy for more info on 0203 370 4334
As of April 1st, the National Living Wage was put into place. The change increased minimum pay for employees’ over-25s to £7.20 an hour from £6.70 under the minimum wage, with the national minimum wage rising to £9 an hour by 2020.
But what impact will this have? Does a new national living wage inhibit expansion? Will retailers pass the cost on to customers? Retailers have been quick to respond.
Many small and premium food and beverage operators – such as Costa, Pod – have asserted they will extend the wage-increase to their entire workforce and still maintain the price customers pay. Though some retailers – such as Pret A Manger– have reluctantly had to raise prices on all products sold by 10p to absorb the increased cost.
Fundamentally the NLL has been introduced in-line with inflation and the increased cost of living. Staff are the window – they can be the making or breaking of any business. Being afforded appropriate conditions of work is fundamental.
However it is certainly an additional pressure for businesses. There is very strong implication that it not only adds to a hesitancy towards expansion but also acts as a significant pressure on existing set-ups. A pressure that the Office of Budget responsibility (OBR) declares will lead to closure of thousands of restaurants and 60,000 jobs lost as a direct result of these new measures.
Therefore proving to be a difficult balance.
On March 30th Tim attended a breakfast talk by John McDonnell, Labour’s Shadow Chancellor at U+I PLC London offices. The key theme was of the need for housing and what parliament can do to aid the process.
The MP for Hayes & Harlington was certainly passionate about the redevelopment of the Old Vinyl Factory in his constituency of Hayes. He said of U+I’s role as simply exemplary, consulting the local community and all pertinent stakeholders at every stage of the process.
The redevelopment of the site is already significantly proving to be a “great example of a positive and spectacular mixed-use development.”
The overriding message of his short speech was of working together with the property developing community to create fully-engaged mixed-use developments that prove to be real gems in their local communities for generations to come.
On March 22nd, CF Commercial attended the Speciality Retailer Entrepreneur Expo (SPREE) in Islington which proved to be a real treat, with a unique exposure to a great deal of very different people.
Most interesting was the Keynote by Aaron Shields from Fitch retail & brand consultancy who framed what he had to say within 10 ‘new retail rules.’ Firstly and possibly most pertinently; stop thinking consumers, think people. This was followed by the urging for less focus on cash through the tills and instead on the retail ‘experience’.
What is becoming undeniable is that the modern-day retail success stories are born through the careful curation of all externalities that ends with a product in your hand – a holistic approach. Having the best product should be a given. A winning formula requires providing the very best experience.
Making a space truly enjoyable to inhibit is nothing ground-breaking but it served as a welcome reminder and goal we spend a great time of time exploring.
This really set the tone for the rest of the day and proved to be incredibly relevant to current CF Commercial work in identifying key themes that really resonate well within a given area and identifying operators that fit the rubric.
The Chancellors’ Budget 2016 proved to be reasonably positive for small business. We have chosen to focus on the changes in relation to business rates – which have, since its inception in 1990, proved to be a real barrier to entry/expansion.
Business rates are calculated by multiplying the ‘rateable value’ of a property by the uniform business rate (UBR). The ‘rateable value’ is the Valuation Office’s estimate of a property’s market rent at a set valuation date. The methodology behind the valuation is often a subject of heated debate.
Small businesses rate relief has been extended, with small business’ paying 0% if rateable value is below £12,000 – tapering to £15,000 from 1 April 2017 – and then discounts if value is between £12,000 and £15,000. Additionally the threshold for businesses paying the highest rate of the tax has been increased from £18,000 to £51,000. All welcome changes that encourage the taking physical space on the High-street.
These changes to business rate thresholds will mean local authorities and landlords can be more competitive and flexible to attract investment. Start-ups will be more likely to want to move and upgrade their premises as their business expands.
In addition, commercial property investors should welcome this change as there is less likelihood their tenants will struggle to pay these bills and reducing void periods.
Last Wednesday 2nd February, Robert Elms from BBC London recorded a 2 hour show from The Old Vinyl Factory in Hayes, West London. It is currently a major redevelopment site for U+I property development company, whose expertise lie in revitalising areas of great former significance. The radio presenter interviewed a range of people who have special connections with the place through the years. A true highlight however was Robert Elms’ impassioned introduction of the project
Spread over a 17acre site, it was built in 1907 and was the headquarters for EMI and His Master’s Voice. This was a major employer, 4000 workers and truly the defining business of the area. It was special. To that end, U+I are committed to a £250million pound mixed-use redevelopment. 642 homes, 750,000sq ft of commercial space, 60,000sq ft of creative office , a pioneering research and design hub – the central research laboratory (CRL) and perhaps even a small music venue! With Crossrails’ introduction, 20minutes to central London
4000 new jobs and the regeneration of an area.
CF Commercial have been appointed as joint retail letting agents — with KLM Property, and leisure letting agents — with Savills.
You can see more information on the development by following this link – click
You can read the interview here: (more…)
CF Commercial’s Daisy has been on a crawl around some of East London’s best…. gyms?! Read her review on four of the best places to work out in the capital…
“With January nearly gone and February firmly in sight, the allure of homogenous gym membership in a standard set-up is certainly beginning to diminish.
I knew I needed something new, a little different. With new gym concepts popping up seemingly every week, I wanted to get out and have an explore”
Acting on behalf Watkins Jones, CF Commercial have let 19 Stroud Green Road to Crisis, a national charity working to support single homeless people in the UK.
The unit comprises 2,066 sq ft of ground floor accommodation, set below residential and student apartments on the busy Stroud Green Road close to Finsbury Park station.
Crisis have acquired the property as part of a roll out of a new concept, which will see stores operating as an A1 retail unit selling homeware goods alongside an A3 café offer. All proceeds will go to the charity, who last year supported hundreds of homeless people throughout the UK. Further details of the Charity and the new store can be found on their website: http://www.crisis.org.uk/
Having been won over by Steve Moore’s similar concepts of Bounce and All Star Lanes, we were more than excited when the social darts club, ‘Flight Club’ opened up just a few buildings down from our office.
Taking arguably Britain’s most loved pub game and adding technology such as real time scoring boards and cool game play animations, Flight Club fully lived up to its expectations. Gone are the days of messy chalk boards and desperate math skills, Flight Club simplifies the game of darts without sacrificing any of its long standing excitement. Just like what they’ve done with the game, the menu also features imaginative twists on classic pub drinks. With sharing pizza boards and cocktails that go by the name of ‘Lady Killer’ or ‘Cupid’s Arrow,’ friends and strangers alike can eat, drink and play all together in this one mind blowing experience.
Mid October saw the return of The Other Art Fair to East London’s Old Truman Brewery as the 10th UK edition of the event. Having been carefully selected by the Fair’s expert selection committee, over 130 artists were able to showcase their work to the public, many of whom were undiscovered talent which added an unpredictable element to the Fair’s already exciting concept.
Tom and Craigs’ visit was coincidentally on the same evening as The Supper Club’s evening event, where, a long with large amounts of other guests, they were fed incredibly well before setting off to discover the art work on show. With music from Graeme Messer and other top London DJs, as well as optional visits to the ‘Secret Green Room,’ Tom and Craig had a very memorable evening indeed.
In addition to the four days of exhibition, the Fair continues to support their chosen up and coming artists by offering free seminars, workshops and lectures all given by industry leaders. The next instalment looks set to be held in April 2016 at London’s Victoria House and we can’t recommend it enough.
We at CF Commercial were pleased to stumble upon this article on SheerLuxe singing the praises of the E20 postcode. We have been a big advocate of the area ever since the London 2012 Olympic Games and it is great that its potential is now being realised.
Three particular highlights of the article from our point of view were the features on Tina We Salute You, Bottle Apostle and Signorelli – all lettings that CF Commercial and joint agents CWM have agreed at East Village.
There is still a huge amount to look forward to in E20 with a number of exciting development projects underway. CF Commercial is currently advising on the following projects in the QEOP: Delancey’s ‘Here East’, Taylor Wimpey’s ‘Chobham Manor’, Lend Lease’s ‘The Stitch’ and LLDC’s ‘Olympicopolis’.
CF Commercial have let Sugar House (75 Hooper Street) to URBANFITNESS London, an exciting newcomer to the London gym scene. The unit comprises 7,928 sq ft of lower ground floor accommodation and is part of Berkeley Homes’ Goodman’s Fields development in Aldgate.
URBANFITNESS London want to change the city’s fitness landscape. The new gym chain will offer their members a new take on the gym experience in the capital. URBANFITNESS London provides scientifically selected fitness equipment, evidence-based fitness programmes, a full programme of the latest group exercise classes for all levels and helpful, friendly, expert staff who will help members every step of the way. Members will then benefit from a non-contract membership that is fixed at just £29.99 per month. After extensive renovation works, they will be launching later this year. For updates on their progress visit www.urbanfitness.london
CF Commercial and joint agents Bruce Gillingham Pollard acted on behalf of Berkeley Homes in this transaction.
We were saddened to hear of the fire at Street Feast’s Dinerama in Shoreditch in the early hours of Sunday morning. Just last week CFC’s Juliet, David and Tom had enjoyed a Friday lunch there sampling the many culinary delights.
However, the silver linings in this instance are:
1. It will be good for our waistlines and;
2. It is being rebuilt and is expected to reopen in a months’ time.
Make sure you pay it a visit when it is back up and running – we promise you won’t regret it!
Last week saw Craig, Juliet and David of CFC attend the launch party for Pizza Buzz at Alphabeta.
We were coaxed there by the offer of free pizza and prosecco and were not disappointed. The pizzas were by far the best we have encountered in a long time and the prosecco, well, it’s prosecco isn’t it!
Customers choose their own pizza base, cheese and toppings and the resulting combination is flash cooked and ready to eat in under a minute. Also worth a mention is their state of the art drinks machine where standard drinks such as Sprite and Coke are able to be customised to create different flavour combinations.
CF Commercial acted for Resolution in letting the retail and leisure units at Alphabeta.
From City executives to young entrepreneurs making their way in east London’s Tech City, facial hair is all the rage right now and every Londoner (male) wants a piece of it. Whether it’s Hugh Laurie’s unkempt bristles, the shaggy beard that Tom Hardy has been wearing recently, or David Beckham’s signature groomed stubble and moustache combo, the beard trend is in and it’s not going anywhere.
For the past few years, stylish men have let their beards grow. It seems more and more men are growing beards and moustaches, just because they can. Maybe some just don’t feel like shaving, but those who are gifted with the ability to sprout a burly beard or manly moustache are doing so with gusto and at any expense.
After World War II, men were mostly clean-shaven, reflecting the military ethos of the time and one that came to dominate corporate life.
Since the mid-2000s, however, facial hair has been slowly spreading to the point that now the mountain man beard is all the rage across London. And, no, I am not referring to the Father Christmas or Gandalf variety, which have been around forever.
After the financial crash, came a more reflective public mood and a yearning for a simpler time- with some men who lost their jobs ditching the conformist look as they reinvented themselves.
The craze for a kind of pastoral idyll took hold, even if the men lived in Hackney, Shoreditch or Brixton. And with it, came the desire for artisanal food, crafts, folk music. And beards.
The modish and bearded consumers of London can’t stand to be seen endorsing megabrands any more and are opting for independent, trendy retailers. They are willing to pay more for the quality these hip service-providers offer and a good atmosphere.
In London’s east end, this trend has been noted by trend-conscious operators, who are snapping up start-ups offering everything from gourmet pizza to beard nourishing oils.
Hip boutiques and cafes are sliding further into the City with Singer Tavern, the latest eatery revamp to be let by the property sector’s only retail agency focused on independent operators.
CF Commercial has let Singer Tavern on behalf of Rocket Investments to Barworks on a new 25-year lease.
Singer Tavern is comprised of 6,027 sq ft of space across ground and lower ground floor levels. Its ground floor features a ‘gastropub’ setting with an array of craft beers, a wide wine selection and an eclectic menu. A 5CC cocktail club is also found downstairs.
Located at 1 City Road, Singer Tavern’s premises are at the intersection between Shoreditch’s creative outlook, Old Street Roundabout’s tech startups and the City’s commercial focus. The tavern’s revival is stepping into this prime east London location in the hopes of challenging traditional notions of the culinary experience.
CF Commercial have already moved independents Barry’s Bootcamp and The Modern Pantry in to the east London spot. With this latest revival the creative-led agency continues to contribute to the alternative identity of east London.
Craig Fisher, founder of CF Commercial said:
“The secret to making a space attractive as well as innovative comes down to what brands you partner with and how people relate to them.
“Sitting at the confluence between the City of London and Shoreditch, we are convinced Singer Tavern’s revival will help boost – and contribute to- an area that is as creative as it is competitive.”
Yesterday marked the launch of the Here East White Paper on the impact of the future of making – “Making in an Industry 4.0 World”.
Here East has commissioned the most thorough analysis of maker culture on British manufacturing. In celebration, they assembled a panel of industry disruptors and commentators to discuss its findings and the potential implications for the UK economy. The panel comprised:
– Hal Watts, Knyttan
– Tony Fish, FabLab
– David Saxby, Architecture 00
– Mike Caine, Loughborough University
– Andy Tong, Deloitte
Craig, Juliet and Tom from CF Commercial attended the event and gained some invaluable insight into the potential economic impact of ‘making’ and what the future might hold. The full paper can be viewed here.
CF Commercial are instructed jointly with Cushman & Wakefield to market the retail and leisure opportunities at Here East.
CF Commercial are please to announce the forthcoming arrival of ‘Little Feast’ at Shepherd’s Bush Yard, a previously unused part of Shepherd’s Bush Market which can be accessed from Goldhawk Road.
Little Feast is a sister project to the ‘Feast’ food festivals which have run on Brick Lane and Tobacco Dock. Eight street food stalls will be housed in wooden huts, with traders including Green Goat (grilled fish), Got Seoul (Korean bbq), Guasaca (Venulezean arepas) and a brand new stall called Poptata (fries).
A recently-vacated railway arch nearby in the market will also be turned into “The Arch” – a deli and bar which will offer coffees, breakfasts, salads and sandwiches on weekdays, and will be Little Feast’s main bar – serving cocktails, ciders, beers and wine – when the street food market is running.
We can’t wait to pop in once this opens on 2nd July…
CF Commercial and TwentyRetail are jointly appointed by Orion and Development Securities to secure retail and leisure operators for the £150m regeneration of Shepherd’s Bush.
CF Commercial have hit the press again!
The article explores the utmost importance and benefits of getting the independent retail-offer right in the making of new urban villages and regeneration projects
The [underlined] sub-title reads, “There was a time when retailers were an afterthought to housing developers. But increasingly sophisticated homeowners, used to an urban village life among coffee shops and boutiques, are demanding more.”
CF Commercial is referenced as follows:
“It’s all good business for Craig Fisher, director of CF Commercial, who convinced The Modern Pantry, Barry’s Bootcamp and PizzaBuzz to set up shop on the City outskirts. His team scour the streets “like property A&R scouts” looking for potential businesses to introduce to developers who need that missing je ne sais quoi.
“Despite online shopping, people still want to experience retail and feel like they’re a part of something,” he says. “Good retail doesn’t just move into a community, it builds new relationships with it.”
The full article makes an interesting read and can be accessed here.
At Friday lunchtime the CF Commercial team thought the time had come to investigate the recently opened Old Street branch of Ceviche and check that it lived up to the standard of its Soho big sister. We had all been awaiting this new opening with great anticipation and it didn’t disappoint…
Ceviche Old Street is part of the Bower development where other confirmed tenants are Z Hotels, Bone Daddies, Honest Burgers and Gymbox. We really are spoilt for choice now here in the heart of Shoreditch!
Adam Breeden, armed with his latest concept, a boutique darts bar called Flight Club, has taken on a new 15 year lease on just over 4,000 sq ft of ground floor and basement space at Alphabeta. Flight Club will join the likes of Pizza Buzz, Barry’s Bootcamp and Modern Pantry to create an exciting line-up of independent occupiers.
Breeden has previously experienced success with ping pong concept Bounce, and bowling & burgers concept All Star Lanes.
CFC’s Juliet was lucky enough to experience the culinary delights of Percy & Founders during their soft launch last week and can thoroughly recommend it. A great looking venue in the heart of Fitzrovia that serves the most delicious Lobster and Prawn Scotch Eggs!
Percy & Founders is the first creation of Open House, the new sister company to Cubitt House, and marks the group’s evolution from the traditional pub to more contemporary all day dining venues, set in beautifully designed, informal surroundings.
CF Commercial, acting on behalf of Berkeley Group, have let the final unit within Phase 2 of the retail space at Woodberry Down. Jolly Butchers – a wonderful craft beer bar – has now joined Micky’s Barbers, Woodberry Down Fruit & Veg, Tostato and Cremeyo along Seven Sisters Road within this new North London neighbourhood.
As already picked up by Estates Gazette, CFC are pleased to announce another successful signing at Alphabeta. Pizza Buzz have taken a 20 year lease on 4,000 sq ft of restaurant space and join Barry’s Bootcamp and Modern Pantry in creating a fantastic leisure line-up in this city fringe location.
Pizza Buzz is an exciting new concept where customers will create their own bespoke pizza from locally sourced, quality ingredients. A top of the range oven means that the pizza will then be ready to eat in just 120 seconds. We can see this being a huge hit with the many office workers in the area.
The CF Commercial team attended the launch of the “teaser trailer” film for Here East at the top of the ArcelorMittal Orbit on Thursday night.
It is an entirely East London production – a collaboration between John Nolan Studio (http://www.johnnolanstudio.com) in Stoke Newington, Nexus Productions in Shoreditch and POKE. It was important that local makers made this film, as Here East will always be a brand that’s reflective of its tenants own success stories. It explains the vision for Here East as a new technology hub for East London which will support both established companies and start-ups.
CF Commercial have been hard at work finding tenants for the retail and leisure space within the scheme that will reflect the vision and become an integral part of this new community within the Olympic Park.
Please also click on the following link to see the Here East story, as explained by the local heroes and stakeholders, which illustrates how the scheme is an essential piece of the Olympic legacy puzzle and reminds the world why East London is such an economic, technological and cultural success story.
CF Commercial are excited to announce the letting of 5,120 sq ft of space in the Alphabeta building to Barry’s Bootcamp. For further details, please see the property week article attached.
Barry’s Bootcamp is a Los Angeles-based company where classes pair disco lights and high-energy tunes with traditional boot camp-style workout routines and will be a great asset to the area.
Alphabeta is a substantial landmark building that has been reconfigured for the creative industries, providing an exciting connection between commerce and creativity.
Earlier this month East Village celebrated Guy Fawkes night with an impressive fireworks display. Tickets were sold out well in advance and the evening proved a huge success with street food available for attendees.
Last week East Village’s on-site pub opened its doors. Aptly named ‘Neighbourhood’ after the winning entry in the competition for residents to name their new local, it is located on Celebration Avenue in the heart of the community. Visitors will be able enjoy a range of quality craft drinks, succulent rotisserie cooked meats and a mouth-watering menu that focuses on simple food done well, available seven days a week.
CF Commercial and CWM are joint agents on East Village, and look forward to further events and new openings in the coming weeks and months.
On 2nd October CF Commercial attended Elefest, an event which celebrates the past, present and future of Elephant & Castle. Highlights of the festival included screenings of productions filmed locally (such as Attack the Block), exhibitions and musical performances from local artists (including the Macabees), which were held at venues across the area. There was also a contemporary street food and craft beer/cocktail offering at Corsica Studios’ Paperworks.
Elephant & Castle is currently undergoing significant regeneration with Lend Lease’s Elephant Park development (which involved the recent demolition of the notorious Heygate Estate) and Delancey’s planned redevelopment of the Shopping Centre to name but two schemes. We look forward to witnessing the changing faces of Elephant & Castle.
CF Commercial have let the former Sports Bar on behalf of Rocket Investments Ltd at 1 City Road to Barworks on a new 25 year lease. The premises is located at the intersection of creativity (Shoreditch), connectivity (Silicon Roundabout) and commerce (City) and comprises 6,027 sq ft of space across ground and lower ground floor levels.
Barworks is a well-respected company who operate a number of venues including The Diner, The Well & Bucket and Electricity Showrooms to name but a few. 1 City Road is to be set out in a similar fashion to Barworks’ Harrild & Sons with a gastropub at ground floor level with a 5cc cocktail bar below. Due to open in time for Christmas.
After having to re-book as a result of the well-publicised site-issues leading to the first weeks’ worth of showings being cancelled, CFC’s Craig finally made it to Secret Cinema’s much hyped screening of Back To The Future last week. Thankfully the experience outlived all expectations and was worth the wait.
The secret destination was Lend Lease’s TIQ (The International Quarter) site in the Queen Elizabeth Olympic Park where ticket-holders arrived in fancy dress and were able to fully immerse themselves in the experience including riding on a Ferris wheel which provided a terrific view of the town square and the rest of the specially constructed set.
CF Commercial acted on behalf of Resolution Property in marketing the above premises by way of a new lease.
Subsequently agreeing terms with The Modern Pantry on the basis of a new 20 year lease at a rental of £115,000 pax.
“The restaurant has a 20-year lease on 3,400 sq ft on the corner of Finsbury Square and City Road for its second London outpost. Chef Anna Hansen opened The Modern Pantry in Clerkenwell in August 2008. Resolution is remodelling 14 Finsbury Square, which used to be called Triton Court, to attract technology, media and telecommunications companies.” (Property Week, May 2014.)
CF Commercial acted on behalf of Resolution Property in marketing the DEPT W building on Mile End Road. Subsequently agreeing terms with Dept W Ltd t/a Foxcroft and Ginger on the basis of a new 3 year lease at an initial rent of £25,000 pax or 12% of gross turnover net of VAT.
Foxcroft and Ginger are an all-day independent café and artisan coffee shop run by a husband and wife team, who are currently trading in Soho. Their food and coffee is made from locally-sourced ingredients and, where possible, they make everything in house. They are an excellent addition for this up and coming part of London.
CF Commercial acted on behalf of The Berkeley Group for the disposal of Unit 2B, KSS5, Woodberry Park by way of a new lease at an initial rent of £12,000 p.a.x
This will be Micky’s Barbers’ first premises and they provide a range of luxury male grooming services for the modern gentleman. We are certain that they are going to be a great addition to this exciting new community.
The barbers was profiled in a Guardian (newspaper) article on the regeneration of Woodberry Down – Click
CF Commercial are acting on behalf of Delancey to lease the retail & leisure space at East Village, the latest community within the Queen Elizabeth Olympic Park.
As the first residents moved into East Village in November 2013, the neighbourhood has welcomed two new guests from the Southbank Centre named as the ‘Sweepers’. The topiary figures are now situated outside the East Village management office for the new residents and visitors to come and enjoy. The 20 foot tall sculptures were created by Shipshape Arts who drew their inspiration from the 2011 London Riots with the idea that, ‘If every man would sweep his own doorstep, the city would soon be clean.’
Make sure you make it down to East Village to see the legendary topiary figures. Look out for all of the exciting events that will be coming soon to one of the best connected neighbourhoods in London.
The last remaining retail and leisure opportunities are still available at East Village. Please call CF Commercial on 020 3370 4334 for more information.
Trip Kitchen and Bar opened on the 5th December in two railway arches by the Regent’s Canal in Haggerston, East London. Their two arches consist of studio space complete with a bar and restaurant. The former head chef of Kopapa, Selin Kiazim, has created a Turkish inspired menu with pinches of Mediterranean and Middle Eastern influences.
TripSpace Projects aim to provide progressive social engagement within the area and have therefore created a cultural space within the arch which hosts everything from yoga classes to storytelling.
CF Commercial are extremely keen to go and experience this excellent new addition to the area.
CF Commercial acted on behalf of The Property Trust in the disposal of 9 Carthusian Street to Momo’wich by way of a new lease at an initial rent of £25,500 p.a.x.
Momo’wich are an authentic Malaysian and Thai café serving a range of “pan-Asian bites”, and are based on Commercial Street. Their menu includes Curry Lunch Boxes, Soup Noodles, Wraps and Steam Sandwich Buns. Due to their high demand on Commercial Street they are now providing a delivery service to a variety of East and Central London homes and offices. The new branch on Carthusian Street is open and trading successfully.
Hoi Polloi is the new brasserie from the team behind Bistroteque and Shrimpy’s. Located in the cool new Ace Hotel on Shoreditch High Street with access via a tiny flower shop, the large retro styled restaurant offers an all-day menu and cocktails. It has been designed to attract the creative and artistic East London community with free wifi and plug outlets for laptops.
CF Commercial’s Tom and Evie visited Hoi Polloi on its opening night in October 2013. They both returned with great reviews, enjoying the ambiance and the diverse drinks menu. The restaurant is set to be another great addition to the impressive lineup forming on Shoreditch High Street.
CF Commercial acted on behalf of Resolution Property in the disposal of their premises at 15 Bonhill Street to Dolcezza, by way of a new 12 Year Lease at an initial rent of £20,000 p.a.x.
Dolcezza opened their first premises in July earlier this year near Stockwell Tube station, on Clapham Road. They serve hand-made cakes, pastries, tarts and chocolates alongside Italian coffee. Dolcezza has been a great success since opening and will be an excellent addition to Shoreditch’s Tech City.
CF Commercial acted on behalf of Elemental in acquiring their premises at 130 Shoreditch High Street, London E1. Elemental agreed a new 10 Year Lease at an initial rent of £47,500 p.a.x
Elemental offer an eclectic range of vintage retro and antique furniture, lighting, seating and curiosities. They are relocating from Old Spitalfields Market, and will be an excellent addition to the number of boutique independent retailers on Shoreditch High Street.
The Smokehouse is the newest venture from Scott Hunter and Maria Larsen, the pair behind the renowned gastropubs The Princess of Shoreditch, The Lady Ottoline and The Pig and Butcher in Islington. Neil Rankin, chef at the new restaurant, is known for his prior successful work in Pitt Cue and John Salt.
Opening their doors on the 17th August, they have been fully booked on a daily basis and inundated with good reviews and are . The revamped pub will have a strong focus on craft beer, alongside local ales and wines. As for the menu, the food will have a strong BBQ influence using a real wood and charcoal offset smoker.
CF Commercial’s Craig Fisher attended the opening night and has been highly recommending Smokehouse ever since.
A regular celebration of London’s Food described as “London’s most adventurous and exciting food event”.
The food festival has been successfully running for four years, and has previously been celebrated in London’s popular locations of Islington and Wapping. This July the festival made its debut in East London’s Truman Brewery on Brick Lane.
The line up included a great range of traders: When Mac met Cheese, Spuntino, Brindisa, Flat Iron, Patty and Bun, James Lowe, Bonnie Gull, The Pig and Butcher, Moro, Meringue Girls, Rum Kitchen and many more.
CF Commercial’s Craig and Tom attended the festival returning with great reviews!
“A fantastic opportunity to try a great selection of new foods and meet the faces behind the latest trendy up and coming food brands.” Tom Crosthwaite, CF Commercial Surveyor.
Rivington Street Festival has descended upon Shoreditch for the second year running; the festival follows on from the successful celebrations that were held on the street for the Queen’s Jubilee in 2012.
The well known trendy street was transformed by taking over 10 local retail and leisure venues, to show off the best that the local talent has to offer.
The event collaborated with the popular Rivington Street venues, including:
Craig Fisher, from CF Commercial, attended the Street Festival, and joined in the day long collaboration of local musicians, artists, and retailers joining the celebrations on the famous Shoreditch Street.
CF Commercial are pleased to announce that we have been instructed by the Berkeley Group to dispose of the remaining retail units in Caspian Wharf, their mixed-use development in Bow, London E3. The three units remaining present an excellent opportunity for tenants to complement the scheme and its 580 apartments, which have all been sold.
CF Commercial have also been instructed to market two others properties; 185 Bow Common Lane, London E3 and the existing lease of Units G.10 & G.03, OXO Tower Wharf.
The former Britannia pub at 185 Bow Common Lane is being re-developed to include 9 new residential apartments, and 2,702 sq ft of retail space on the ground and lower ground floors. The property is strategically located near the scenic Mile End Park and is within walking distance of Bow Road DLR station.
The units on the ground floor of the OXO Tower Wharf represent a unique opportunity to join the Southbank’s retail offering and become part of a London landmark
CF Commercial acted on behalf of The Estate Office Shoreditch in the disposal of their premises at 52 Redchurch Street to Burro e Salvia, by way of a new 10 Year lease, contracted outside the security tenure of The Landlord & Tenant Act 1954.
The commencing rent will be £39,500 p.a.x. Burro e Salvia are a new Italian delicatessen, specialising in selling freshly made pasta. This independent retailer will be a welcome addition to the unique character of Redchurch Street, Shoreditch.
“Fresh pasta is a lifestyle and a culture that is the envy of the world, Burro e Salvia is proud to bring it to London.” (Burro e Salvia, 2013)
CF Commercial are pleased to announce that it has been instructed by the Berkeley Group to advise on the retail and leisure space of its largest regeneration project Woodberry Park, North East London. The £1 billion mixed-use scheme is being developed in partnership with Hackney Council, and, once complete, will feature 4,600 new homes and c. 25 retail units. The apartments will be built to a high standard and set in 64 acres adjacent to the spectacular natural surroundings of two existing reservoirs and Finsbury Park.
Craig Fisher from CF Commercial commented “We are very excited about this unique opportunity to create a new ‘London Village’ with a vibrant mix of independent and national retailers. The retail units will become an integral part of the new community, as well as acting as a new attraction for the wider London population.“
CF Commercial acted on behalf of Gransim Properties in marketing their premises at 46/52 Holloway Road, London N7, by way of a new 15 year lease to Cowling & Wilcox, at a rental of £48,000 pax.
Acting on behalf of Starprop in disposing of the above mentioned premises to Murdock London, on a new 10 year lease, contracted outside the security tenure of the Landlord and Tenant Act 1954.
The commencing rent will be £30,000 pax in year 1 & 2 and £35,000 pax in years 3 to 5.
CF Commercial acted on behalf of Carl Freedman Gallery in aquiring their premises at 29 Charlotte Road, London EC2. Carl Freedman Gallery agreed a new 12 year lease at an initial rent of £65,000 pax.
“Qatari Diar Delancey has appointed agents to lease the retail and leisure element of the Olympic Park’s athletes village. CWM and east London-focused CF Commercial have been appointed to market around 40,000 sq ft of shops, cafes and restaurants…The development, which will be rebranded East Village, will have 2,818 homes, of which 1,439 will be let by the joint venture. The remainder will be affordable housing housing and social housing made available through Triathlon Homes. There will also be a medical centre and the 1,800-student Chobham Academy”
Hackney House is an architect-designed structure based in the heart of Shoreditch, hosting a number of networking events for media, business and investors during the Olympic Games 2012.
CFC director Craig Fisher attended the opening night launch party featuring Hackney born singer Paloma Faith.
CF Commercial acted on behalf of Tesco Stores in acquiring their premises at unit A, 137/149 Fore Street, Edmonton. Tesco agreed a new 15 year lease at a rental of £60,000pax.
Please note image shown not actual store.
CF Commercial joined forces with Anton Page last Thursday, attending the annual softball tournament in Shoreditch Park, organised by The Estate Office.
CF Commercial are pleased to announce that it has been instructed by Resolution Property to advise on the retail and restaurant space in Triton Court, Finsbury Square, London EC2. The 210,000 sq ft landmark building is to be redeveloped to create space for media and technology occupiers with retail and restaurant space on the ground and basement floors.
Craig Fisher from CF Commercial commented, “We are delighted to be advising Resolution Property on the retail and restaurant space in this amazing building. Triton will become a new destination for the most innovative and exciting restaurants and retailers, there is no shortage of demand from occupiers that will compliment the building”.
“One of Colliers International’s senior retail directors has joined a niche London practice.
Paul Moody, the company’s former head of retail agency has joined niche retail agency firm, CF Commercial.
CF Commercial was founded by former Cushman & Wakefield employee Craig Fisher in 2008.” 6th June 2012
David Hatcher talks to 12 small agencies that broke away from the “corporate beast” in the depths of the property crash.
“But setting up on your own can enable you to spread your wings and expand your experience when there is a lack of opportunity within larger firms. This was the situation for Craig Fisher, who left Cushman & Wakefield’s south team in 2008 to set up retail specialist firm CF Commercial.
Don’t get me wrong, I really enjoyed Cushman & Wakefield. The experience was invaluable and I worked with a great team, but working for a company that size you get pigeonholed. It’s just how it goes,” he says.
De Beavoiur Deli instructs CF Commercial to find their 2nd London store. Since opening on Southgate Road, in 2009, The De Beauvoir Deli has become a very well known and popular place for people to visit within the Shoreditch and Dalston area. With a large selection of the finest produce, whether it be for eating and drinking in or grabbing some food to go, it is no surprise that this is the most talked about deli in the area. For further information on their requirement for a second store, please contact Craig Fisher on 020 3370 4334 / email@example.com
CF Commercial acted on behalf of GNC in acquiring their premises at Unit 51, 174 High Street, The Mall, Walthamstow. GNC agreed a new 10 year lease at a rental of £36,750 pax.
Image shown GNC at Woodside Square.
Acting on behalf of The Estate Office Shoreditch, CF Commercial disposed of the premises at 191 Shoreditch High Street, London E2 to fashion brand Carhartt. Terms were agreed based on a new 10 year lease at a rental of £42,000 pax.
Coco Di Mama open their second City store. CF Commercial acted on behalf of new pasta concept brand, Coco Di Mama in acquiring their new premises at 115 London Wall.
Image shown Coco Di Mama’s Fleet Street store.
Acting on behalf of Estates & Lets, CF Commercial disposed of their premises at 546 Barking Road, London E13 to Betfred on a new lease basis. The term was based on a new 15 year lease, subject to 5 yearly upward only rent reviews, at a rental of £47,500 pax
CF Commercial disposed of the leasehold interest for “The Bowery” at 36-38 New Oxford Street, London WC1. The term was based on an existing 25 year lease from 28th September 2002, expiring
27th September 2027, at a current passing rental of £97,500 pax. A positive premium was paid for the benefit of the leasehold interest.
CF Commercial acted on behalf of Holland & Barrett, in acquiring their premises at 43 Borough High Street, London SE1. Holland & Barrett took a new 15 year lease at a rental of £132,500 pax.
Image shown Holland & Barrett High Street Mall, Portadown
CF Commercial instructed on disposing of 3 Central London units on behalf of existing tenants. Locations include, Paddington Street, London W1, Liverpool Street Arcade, London EC2 and Hounsditch, London EC2. For further information on any of these opportunities, please contact Craig Fisher on 020 3370 4334 / firstname.lastname@example.org
CF Commercial acted on behalf of Dalepark Ltd in disposing of their premises at 93 Tottenham Court Road, London W1 on a new FRI lease to You Me Sushi, based on a 15 year term at a rental of £85,000 pax.
CF Commercial has sold the investment opportunity at 48 Richmond Road, Kingston for £430,000, where Evans Cycles are currently a tenant until September 2023.
Image shown Evans Cycles at the Chill Factor, Manchester.
CF Commercial’ s Joel Berg, short listed for Property Professional of the Year 2012.
CF Commercial are advising Resolution on the ground floor coffee shop at 15 Bonhill Street.
Property week comments in Shoreditch ” Local property is therefore dominated by less corporate agencies………CF Commercial understand the vagaries of a location that, in reality, emanates from further east than the much- vaunted Silicon Roundabout.”
CF Commercial acted on behalf of KRM (GB) Ltd (t/a ECCO Shoes), in acquiring their new premises at 57 Silver Street, Salisbury. The deal was based on an assignment of an existing 10 year lease from April 2010 at a current passing rental of £38,000 pax.
Property Week comments “London Fish & Chips has 25 restaurants in the United Arab Emirates and Saudi Arabia. It has asked East-London agency CF Commercial to bring the brand to Blighty, starting with three or four outlets in the capital’s tourist hotspots.“