Q&A with Joe Newton, Retained Property Agent for Sleep 8

Name: Joe Newton

Role: Retained agent for Sleep 8

‍

Who are Sleep 8?

Sleep 8 are a design led lifestyle brand, specialising in the sale of beds & mattresses, sleep and relaxation tech products. The brand’s mission is to empower its customers to focus on their own physical and mental wellbeing, through the optimisation of Sleep.

‍

How many locations do Sleep 8 currently have?

They currently have 8 stores trading

‍

Target locations?

For 2023 the focus will be on the South-East, targeting retail parks and prime shopping centre locations. Strong footfall and prominence are key and on retail parks a good quality furniture / homewares bias is important.

‍

How many new locations are you targeting?

Around 3 locations for 2023

‍

Size requirements?

We are looking for circa 4,000 – 10,000 sq ft

‍

Additional requirements?

Good visibility, footfall, good car parking provision and high-quality adjacencies.

‍

Planning consent?

Class E / Retail

‍

Freehold or Leasehold?

Leasehold

‍

Recent openings or new locations in the pipeline?

Lakeside Retail Park, Thurrock

Westfield Shopping Centre, Stratford

‍

Additional Questions:

‍

What are the main challenges you face when acquiring new property?

Each deal has its own specific challenges so it’s hard to say – every stakeholder involved in a transaction will say the same thing – “It’s never done, until it’s done”!

‍

Favourite occupier and why?

Everyone loves a cheeky Nando’s don’t they…

‍

What is your favourite building?

The Gherkin. It’s incredibly distinctive and screams “LONDON”!

‍

Favourite retail or leisure destination?

Selfridges

‍

Contact details?

Email – joe@cspretail.com