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Peter Stewart

👤 Person
8670 total appearances

Appearances Over Time

Podcast Appearances

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

So the Belfry had to go, along with other ones in neighbouring towns as well. Epsom has been saved, for example, but Crawley has not been saved either. Already reported on the Planet Rygate podcast, how Marks and Spencer's are said to be looking for another store, possibly a larger food store somewhere in the Reigate Redhill area. So have a little think about where that could be.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

So the Belfry had to go, along with other ones in neighbouring towns as well. Epsom has been saved, for example, but Crawley has not been saved either. Already reported on the Planet Rygate podcast, how Marks and Spencer's are said to be looking for another store, possibly a larger food store somewhere in the Reigate Redhill area. So have a little think about where that could be.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Well, to my mind, there's a police station site, which is up for grabs at the moment because nothing much is going on there at the moment anyway. That aside, Andy at the Belfry was saying that they are actively seeking new tenants for the two levels of that store.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Well, to my mind, there's a police station site, which is up for grabs at the moment because nothing much is going on there at the moment anyway. That aside, Andy at the Belfry was saying that they are actively seeking new tenants for the two levels of that store.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

As we've reported in the past, particularly they would want to have one business that would go into both units at the same time, because otherwise there's going to be a delay and a huge...

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

As we've reported in the past, particularly they would want to have one business that would go into both units at the same time, because otherwise there's going to be a delay and a huge...

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

cost because they'll have to take out the escalators there's wiring there's smoke alarm and sprinkler systems security systems there's access to other parts for example the basement and delivery areas which they'd have to subdivide as well either the belfry would have to do that or it'd have to be done by the new tenant so obviously they're trying to avoid that they have had quite a bit of interest from various organizations parties businesses groups

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

cost because they'll have to take out the escalators there's wiring there's smoke alarm and sprinkler systems security systems there's access to other parts for example the basement and delivery areas which they'd have to subdivide as well either the belfry would have to do that or it'd have to be done by the new tenant so obviously they're trying to avoid that they have had quite a bit of interest from various organizations parties businesses groups

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

who want to go in, but ideally they're after both levels being taken by the same company at the same time. What happens in the meantime? Well, in the meantime, Marks and Spencers are still paying the Belfry for... Those two levels, they've got 117 years remaining on their lease. So arguably, what the Belfry could do is just keep it empty and they'd still get the money.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

who want to go in, but ideally they're after both levels being taken by the same company at the same time. What happens in the meantime? Well, in the meantime, Marks and Spencers are still paying the Belfry for... Those two levels, they've got 117 years remaining on their lease. So arguably, what the Belfry could do is just keep it empty and they'd still get the money.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

But of course, the problem with doing that is they wouldn't get the footfall. Now, Marks and Spencer's, to my mind, are reckoning that... If, as and when, the Belfry has somebody in one or two of those floors and associated basements and delivery areas and so on, then they will be able to surrender their lease. But until that happens, Marks & Spencers still paying.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

But of course, the problem with doing that is they wouldn't get the footfall. Now, Marks and Spencer's, to my mind, are reckoning that... If, as and when, the Belfry has somebody in one or two of those floors and associated basements and delivery areas and so on, then they will be able to surrender their lease. But until that happens, Marks & Spencers still paying.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

It kind of, as a personal opinion, seems a bit of a false economy from Marks & Spencers. Surely you would have kept that going. Because it was a profitable store, and then you would still be making money, but you'd say, okay, you'd make it be known that it was up for grabs, that you'd like to surrender, you'd like to sell that lease on to another company, but still stay in there at the meantime.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

It kind of, as a personal opinion, seems a bit of a false economy from Marks & Spencers. Surely you would have kept that going. Because it was a profitable store, and then you would still be making money, but you'd say, okay, you'd make it be known that it was up for grabs, that you'd like to surrender, you'd like to sell that lease on to another company, but still stay in there at the meantime.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Anyway... In reality, there's not going to be anything in there before Christmas in the Marks & Spencers site. Now, every other shop unit has a contract with the lawyers. In other words, if there are any shop units which are empty, apart from M&S, in the Belfry, they will be...

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Anyway... In reality, there's not going to be anything in there before Christmas in the Marks & Spencers site. Now, every other shop unit has a contract with the lawyers. In other words, if there are any shop units which are empty, apart from M&S, in the Belfry, they will be...

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Filled up with a shop, a store, something will be going on in every single one of those in the likelihood in the next few weeks, possibly, you know, our lawyers work slowly, expensively towards the end of the year or in the beginning. So everything is in line, is on track. Okay. They've had interest from an NHS community referral centre. They're talking to the Belfry.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

Filled up with a shop, a store, something will be going on in every single one of those in the likelihood in the next few weeks, possibly, you know, our lawyers work slowly, expensively towards the end of the year or in the beginning. So everything is in line, is on track. Okay. They've had interest from an NHS community referral centre. They're talking to the Belfry.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

They would have things like mammogram unit, maybe a blood test, CT scans, that kind of thing. That wouldn't happen overnight, but contracts are being discussed. And also, and this is a big one, Where do you reckon, we've spoken about the Harlequin before, where do you reckon the library is going to go? Because it can't stay where it is for much longer.

The Planet Reigate Podcast
54: Harlequin latest news and reaction, our RunReigate preview… and more

They would have things like mammogram unit, maybe a blood test, CT scans, that kind of thing. That wouldn't happen overnight, but contracts are being discussed. And also, and this is a big one, Where do you reckon, we've spoken about the Harlequin before, where do you reckon the library is going to go? Because it can't stay where it is for much longer.