Henderson Global Investors has agreed a short term lease with John Lewis concept store – Open House – at its N1 Shopping Centre in Islington, London.
The pop-up store called ‘Open House’ has signed a temporary lease at the N1 shopping Centre in Islington in order to trial the concept which showcases its interiors range. It represents the first UK store for the retailer.
The 6,500 ft² store, which opened to the public last week, will trade until November 8. It will be hosting DJs, gin tasting, exotic food cocktails and cult cinema, among other activities, during the period.
Henderson Global Investors acquired N1 Islington in 2010 on behalf of Warburg-Henderson, its joint venture fund with M.W.Warburg & Co. The 150,000 ft² (approx. 13,935 m²) center is located to the north of Angel underground station, at the interchange between the A1 and A501 in the affluent London borough of Islington. N1 Islington’s accessibility and connectivity, combined with its status as a desirable residential district, provides the center with an annual footfall of approximately 11 million.
Anchored by Vue Cinema and H&M, the scheme has a strong retailer line up which includes Gap, Next, French Connection and HMV.
Jason Boyce, Senior Portfolio Manager at Henderson Property, commented, “This new letting introduces an exciting new brand to the existing line up at N1. The fact that John Lewis chose N1 to trial its new concept is testament to the strength of the center. It also reflects our ongoing efforts to make N1 a number one retail destination. The letting secured demonstrates our ability and commitment to improve the tenant mix and foot fall of the center which will be the driver of investment performance in the long term.”
Savills acted for Henderson Global Investors.