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As retained property advisers to Shiseido UK Limited, Lewis Craig recently acted on negotiating a renewal of the NARS lease at 9 King Street Covent Garden.
The premises are superbly located, within Covent Gardens premier street for beauty and fashion brands, with neighboring retailers including Glossier, Mejuri, Sandro, Maje, ba&sh, Hackett and Polo Ralph Lauren.
With over 40 restaurants trading Globally, our client Just Falafel is right on track in keeping with the trend of more and more people on the move looking for a healthy alternative to fast food.
Just Falafel have exciting plans for the UK, with 2013 alone seeing the opening of their first six UK restaurants. The sixth opened in December 2013 at 7 Fulham Broadway (see below). Comprising approximately 700 sq ft at ground floor with a similar sized basement, in an excellent location adjacent to a shortly to open Wholefoods, and close to Fulham Broadway Station.
The seventh restaurant opened last week at 104/106 South Street, Romford. Several further locations are currently under negotiation, please click here for Just Falafel’s Property Requirements flyer.
Please contact Theo Benedyk at Lewis Craig for further information.
Lewis Craig are pleased to have recently completed the leasing transaction, on behalf of a private landlord client, with London’s first branch of Sharkey’s Cuts For Kids, the fastest growing chain of kid’s hair salons in the world! The premises are situated on the world famous Abbey Road in St. John’s Wood, North West London.
Sharkey’s is a unique experience specially designed for kids, combining high-quality haircuts, the latest styles and kids-focused entertainment. The colourful fun-filled salons are bright & meticulously clean and completely geared to giving kids and their parents, a memorable experience. In a warm and friendly environment, hair-stylists entertain and amuse kids, so that getting the perfect haircut is a treat rather than an ordeal.
We wish Sharkey’s every success with their new salon, and indeed with their future expansion plans.
The UK’s 6th Just Falafel will open in December 2013 at 7 Fulham Broadway, London SW6. Located alongside the new Whole Foods store, which is scheduled to open in Spring 2014.
This new Just Falafel restaurant will comprise just over 1,400 sq ft arranged over ground and basement floors. It will feature Just Falafel’s latest designs, in keeping with their Authentic Inspired Eating ethos.
Additional A3 and/or A5 sites from 650-2,000 sq ft are now required in prominent locations, offering strong footfall with an all-day offer, in major cities and university towns in UK and Ireland.
Latest property requirement PDF
Opportunities considered in high density office districts, shopping areas, leisure venues, transport hubs and zones containing complementary food offerings.
Contact Theo Benedyk or Richard Grossman with opportunities or for further information.
We Grill is an exciting new fast casual restaurant operation developed by our client Tarek Yafi. The offer is a unique selection of very healthy marinated seared skewers, original seasonal side dishes, newly developed salads and homemade soups, in a comfortable, modern, sophisticated and vibrant environment. The core customer is the 20-50 year old professional seeking a healthy tasty reasonably priced meal whether at lunchtime or in the evening.
With the first site lined up and scheduled to open in a high profile City location in early 2014, we are now keen to look at opportunities for the next one, with locations of interest including Marylebone, Soho, Covent Garden and Canary Wharf. The plan is to establish eight We Grill restaurants over the next 5 years, in key locations throughout the capital, then to take the operation throughout London and into 3 major UK cities.
Contact Richard Grossman or Ben Pistol with opportunities or for further information.
Pulia offers a wide variety of traditional foods and produce of the highest quality sourced from the region of Puglia. With two stores opening in Milan in Q4 2013, Lewis Craig have been instructed to locate suitable premises in London.
We are urgently seeking to secure A1 premises, offering 750-1250 sq ft, with minimum 500 sq ft ground floor, in locations including South Kensington, Chelsea, Notting Hill Gate, Marylebone, Mayfair and Covent Garden.
Please see a CGI of the Pulia fit out below.
Pulia’s 2013 Property Requirement Brochure
Contact Theo Benedyk or Richard Grossman with opportunities or for further information.
Our Burger King franchisee client CPL Foods Ltd, have recently opened at the ‘The Hildreds Shopping Centre’ in Skegness. The restaurant fronts the main High Street, Lumley Road and sits at the entrance of the scheme between H Samuel and Burton.
The premises, previously occupied by Frankie & Benny’s, comprise a double fronted restaurant, offering an overall area of approximately 4,800 sq ft, over ground and first floors. Lewis Craig acted for CPL Foods Ltd in the negotiating process.
Lamen Reddy, Operations Director of CPL Foods Ltd says: “We are very happy to bring a Burger King restaurant to Skegness and are overwhelmed by the support and feel very encouraged by the buzz being created from the local community.”
CPL Foods Ltd operate several other Burger Kings and are now seeking further sites, with 25 required over the next 5 years throughout the UK. The Skegness Burger King is a perfect example of the type of High Street location required, in addition to requirements for shopping centre food-courts and drive-thru opportunities.
Please speak to Ben Pistol or Richard Grossman for further information in relation to this clients requirements.
We have recently acquired an interesting investment in the centre of Hoxton, London N1 on behalf of Arinpath Ltd as part of the replacement of their Soho holding, which was acquired by Crossrail for the Tottenham Court Road station redevelopment.
The attraction of this investment is that it is a restaurant in the heart of fashionable Shoreditch – a fantastic lunch and evening destination with a strong night club provision. The surrounding area being a mixture of residential and commercial, known for housing fashionable residential, advertising and media companies with nearby Old Street fast becoming the epicentre of the UK’s internet-related industry.
The property comprises a 5 storey building, with the restaurant element being on ground and lower ground floors, and the upper three floors comprising three residential apartments.
The restaurant has recently undergone substantial refurbishment and now trades under the Rossopomodoro brand, a successful chain of international Italian restaurants with over 80 locations around the world, 6 of which are in London.
The price paid reflects a net initial yield of circa 6.5%.
Lewis Craig have been acting on behalf of Arinpath Ltd for over 25 years and will be managing this quality investment. We are actively seeking to acquire similar opportunities. For further information on our investment client requirements, please speak with Jeffrey Craig.
Lewis Craig asset management department working closely with our professional team have completed a lease renewal with AXA (UK) Ltd of a major 40,000 sq ft regional office facility in Suffolk.
After two years work, a new 10 year lease has been completed on behalf of long standing off-shore management clients involving an annual rent roll approaching £300,000 pa.
The process of negotiating and agreeing a lease, not only satisfying AXA’s requirements but also our client’s funders, proved challenging to say the least. The situation was further complicated by having to resolve car park boundary and demise considerations, not to mention the trials and tribulations of having to navigate the legal and estate departments of both the Local and County Authorities – but we got there in the end!
Lewis Craig continue to manage this excellent asset, which also incorporates a substantial retail element involving tenants such as Greggs, Savers, Corals, etc.
We continue to seek similar management-intensive situations, with our clients typically including high net-worth individuals, family trusts, property and off-shore companies. For further information please speak with Andrew Taylor or Jeffrey Craig.
A great start to 2013 for our client Just Falafel, with five sites now completed, three are now trading, in Covent Garden’s Monmouth Street, Baker Street and at The Broadway Centre in Hammersmith.
The next Just Falafel locations are Charing Cross Road and Croydon, currently under fit-out, will be opening shortly. We continue to seek further A3 or A5 opportunities in key Central London thoroughfares and locations close to underground and mainline stations, as well as starting to looking further afield to major cities.
Just Falafel, the vegetarian fast-food restaurant, launched in the UAE in 2007, has franchised across Qatar, Lebanon, Oman, Jordan and Saudi Arabia. The Covent Garden site was the first Just Falafel to open in Europe.
Fadi Malas, the CEO, who has been crowned by Gulf Capital SME Awards as the “Arab Entrepreneur of the Year” for 2012, commented that the business aims to establish 200 more branches in the UK over the next five years.
Richard Grossman comments – “in our line of work we see a lot of new food operations, but few excite us as much as Just Falafel which we feel will be a great addition to the UK restaurant landscape, with an innovative offering, superb branding and significant franchisee interest”.
As retained advisers to Just Falafel, we are looking for A3 or A5 sites offering from 750 sq ft to 1,500 sq ft in high footfall locations throughout London and major UK cities. We are particularly keen to secure sites within or alongside transport terminals.
Please contact Theo Benedyk or Richard Grossman with opportunities.