S-MART MOVE AS INNES SECURES DEAL FOR ASIAN SUPERMARKET
We’ve recently landed our latest deal for Asian supermarket firm Oriental Mart, placing it at the heart of Beeston’s student population.
The 7,260 sq ft premises on the town’s High Road - previously occupied by frozen food giant Iceland until the store closed earlier this year - have been acquired as part of Oriental Mart’s expansion in the wider Nottingham area.
With its store in the heart of Nottingham city centre proving popular with the local student population, Oriental Mart appointed us to expand its presence in other areas that were highly populated by youngsters from the city’s two universities.
Ross Whiting, Innes England associate director, said: “We’re delighted to have secured this property on favourable terms for Oriental Mart, which has been a long-standing client and is renowned for providing high quality products to a growing market.
“We dealt with the whole process from start to finish – from being given a brief, sourcing a property, negotiating terms and dealing with the legal elements, to handing over the keys.
“Beeston has long been a popular area for students, which we know is a key target market for Oriental Mart, so the location and scale of the premises made sense for all parties. We are continuing to actively look for properties on behalf of our portfolio of clients, and welcome any enquiries to that end.”
Beeston is known as one of the most popular suburbs for students, particularly those from the nearby University of Nottingham, whose University Park campus hosts nearly 40,000 students. The area has also seen a few changes over recent years.
Yan Liu, from Oriental Mart, said: “Beeston seemed like the ideal place for us to have a new store, with the tram being here, new independent businesses and a cinema opening, as well as the ever-growing University of Nottingham with its international students. We’ve seen a shift in Nottingham becoming a more student city in the last 15 to 20 years.”
The store, which will employ 10 people, is due to open at the end of March 2023, once the internal refurbishment is completed.
Yan added: “We hadn’t been actively searching but when the opportunity arose, we thought it would be the next step to expand our company. Ross and Innes England have been great – keeping me updated along the way and actively resolving any issues.
“We’re really looking forward to getting up and running and providing Beeston and its surrounding areas with good-quality Southeast Asian food produce.”
The move follows other high street deals we’ve recently completed, including the relocation of the popular food on-the-go retailer Greggs to larger premises in the centre of Beeston.