WILDWOOD TO OPEN IN THE ATRIUM CAMBRLEY

Didcot

Wildwood restaurants founded by Adam & Sam Kaye, has continued its expansion trail with the acquisition of a unit in The Atrium Shopping Centre Camberley, Surrey.

The scheme already boasts operators such as Prezzo & Wagamama amongst many others and Wildwood will be joined by anther new letting to Bills.

The 5,080 sq ft shell unit will be fully fitted to open in the Autumn and will bring the Wildwood stable to 21 restaurants. The restaurant will also incorporate a large kids play room and they will be giving away free candy floss to both small & big kids! They took a 25 year lease on Units B2 and B3 direct from the landlords Standard Life. Selsian acted for Wildwood whilst CBRE acted for the landlord.

FRANCO MANCA FOR SOUTHFIELDS

Franco Manca, the burgeoning pizza chain led by David Page, the former chief executive of Pizza Express is to open in Southfields, SW18, in early June.

The restaurant, located at 277 Wimbledon Park Road is to be Franco Manca’s 8th restaurant in the capital and will seat approximately 40 covers.

Selsian acted on behalf of Franco Manca negotiating a new 20 year lease at a rent of £35,000 together with an un-disclosed premium.

SELSIAN ACQUIRE 4TH FOR DRAFTHOUSE

Draft House, the London-based pub concept founded by Charlie McVeigh, has secured its fourth site in the capital, the Black Cherry in East Dulwich, for an undisclosed sum.

The site is c2,200sq ft spread over the basement, ground and first floor and sits right in the heart of Lordship Lane.

The first Draft House was launched in Northcote Road, Clapham in November 2009 by McVeigh, the former owner of the Bush Bar & Grill, Woody’s nightclub and the Grand Union pub in London. The niche concept, which offers quality British food a diverse range of British and international beers, has since been rolled out to further sites in Battersea and near Tower Bridge.

Luke Johnson took a significant minority stake in Draft House last year, becoming chairman of the business in the process.

CATTLE GRID’S LATEST CONCEPT TO OPEN IN EARLSFIELD, SW18

Shaun Gray and Steve Novak, the owners of Cattle Grid, the fast-casual steakhouse chain and chicken-led concept Poulet Rouge, are to open a new pub format in London’s Earlsfield.

Novak commented, The Earlsfield, which will open later this summer on Garratt Lane, will have the “essence of Cattle Grid, but include food from the rest of the farm. Shaun and I already operate a Greene King tenancy, which is going well, so when this site came up we thought it was a good opportunity to go further down the pub route while also incorporating some of the key points from Cattle Grid and Poulet Rouge.”

The 3,500sq ft site sits adjacent to Earlsfield Station and boasts plenty of character with triple height ceiling, wooden beams and a fantastic railway arch. It will also feature Sky Sports and an extensive drinks range.

Cattle Grid currently operates five sites, four in London and one in Leeds.

Selsian acting on behalf of Cattle Grid secured the site amongst stiff competition agreeing a new 20 year lease at a passing rent of £90,000 pa from landlords Network Rail.

FENG SUSHI SECURE RESTAURANT, DELIVERY UNIT & HQ IN RAVENSCOURT PARK

Feng Sushi is to open a site at 264 King Street in London’s Hammersmith next month. The restaurant will be the sushi chains ninth in London.

Silla Bjerrum, who co-founded the chain in 1999, says the restaurant expects strong demand in west London, particularly for its delivery service, which will serve Hammersmith, Chiswick and Acton.

The restaurant is also expected to have space for 20 diners upstairs and around 12 outside and will also serve as the head office.

The Hammersmith site will also be the third in the group to offer Feng Sushi’s “grab and go” menu, which was first introduced at Feng Sushi’s Notting Hill site in September, following by Kensington in January.

“We will take the grab and go a step further with the new site,” Bjerrum said. “What is exciting about this project is that we are going in with a clean slate and we can build the business around the grab and go, instead of introducing it to an existing business.” The delivery service at the new site is expected to be up and running by early next month, with the restaurant and grab and go ready by late May or the beginning of June.

Selsian acted on behalf of Feng Sushi negotiating a new 15 year lease at a rent of £32,000 for the 2,100 sq ft site arranged over the ground and basement.

BENITO’S HAT…BURRITOS & GHERKINS

Benito’s Hat have secured their 6th site in Central London, this time at the former Mother Mash, 107-112 Leadenhall Street in the heart of the city. Benito’s newest site is a stone throw from the iconic Gherkin (30 St Mary Axe) as well as the 736 ft tall Leadenhall Building which is due to be completed mid 2014. Benito’s are starting work on-site on the 13th January with an anticipated 8 week fit-out programme. Benito’s have taken an assignment of the existing lease of the 1700 sq ft / 157 sq m venue arranged over the basement, ground and first floors at a passing rent of £60,000 pa together with an un-disclosed premium. Selsian acted on behalf of Benito’s Hat in the acquisition of this off market property whilst Mothermash were un-represented.

SELSIAN ACQUIRE ANOTHER TASTY OFF MARKET PROPERTY

Tasty Plc have recently completed on a new branch in Oakham, Rutland following a successful application for a change of use. The former Furleys furniture store at 51-53 High Street is full of character and is currently being fitted out as two separate restaurants; Wildwood as well as a pilot concept called Lucky Burger.

Both restaurants are due to open in mid January 2014 for lunch and dinner and will seat a total of 100 covers over the ground and first floors, with further covers in the rear garden.

Selsian, acting on behalf of Tasty negotiated a new 20 year lease on the 4000 sq ft property at an annual rent of £50,000.

LEON TO OPEN ON COWCROSS STREET, FARRINGDON

Leon, the healthy fast food restaurant chain founded by John Vincent and Henry Dimbleby has recently acquired its 19th restaurant in the heart of Farringdon, an area which is seeing a huge amount of regeneration due to the Crossrail redevelopment. It is anticipated that in 2018 when complete, Farringdon will be one if Britain’s busiest stations with 140 trains passing through it every hour.

The site at 2 Cowcross Street, which previously traded as Tony & Guy, is due to undergo a complete re-fit and it is anticipated it will open at the beginning of September. It is understood that T&G have relocated to a smaller site on Turnmill Street.

Selsian, acting on behalf of Leon negotiated a new 15-year lease on the 2,446 sq ft property at an annual rent of £155,000.

SELSIAN DOUBLE FOR FRANCO MANCA

Selsian, having acquired an off market site in Southfields SW18 in April for Franco Manca have recently completed on Franco Manca’s latest site in the hugely desirable South Kensington area.

The 1,650 sq ft site at 91 Old Brompton Road which formerly traded as Cous Cous Darna is currently undergoing a complete refit and is due to open in September.Selsian, acted on behalf of Franco Manca agreeing an assignment of the existing lease at a passing rent of £59,000 together with an undisclosed premium.

BENITO’S HAT FOR FARRINGDON

Benito’s Hat, the London based Mexican Restaurant Chain has secured its fifth restaurant in the capital in an off market deal. 12-14 St John Street in Smithfields formerly traded as Piada and is due to open mid November. It is Benito’s 5th site and their first in the city. It will seat around 40 covers and will open for breakfast, lunch and dinner.

Benito’s Farringdon will boast a state of the art ordering system allowing customers to pre order via their website, a mobile app or on in-store ordering screens. Another new addition will be a bespoke Salsa Bar, allowing customers to choose from over 10 homemade salsas.

Benito’s have recently secured £1.4 million investment with a target of 10 sites by the end of 2014. To further aid in this expansion, Fordham has been joined by Jay Travis and Graham Ford, former operations directors of Wagamama and Strada respectively.

BALHAM HAS A NEW BIRD ON THE BLOCK

Shaun Gray and Steve Novak, the owners of Cattle Grid, the fast-casual steakhouse chain, have secured a first site for their chicken-led concept Poulet Rouge in Balham, South West London.

They have secured the lease of this 1,275 sq ft property on assignment from the Fat Delicatessen, which lies opposite Balham tube station, for a premium of £60,000 and at a passing rent of £40,000 per annum. Steve Bagatti at property consultancy Selsian, who handled the deal, said there was “some competition” for the site from small chain operators and independents. He said Balham is becoming more and more popular as a desirable location, with a number of operators looking at the area again after targeting other regions when the recession hit.

Of the new concept, Novak said: “We’re big fans of steak and ribs, and Cattle Grid proves that’s a popular option, but increasingly we’ve seen a gap in the market for really good, barn-reared chicken, served in the traditional rotisseries style that has proved so popular in France forever.

“We want to create a family-friendly environment, serving the best chickens we can source, and delivering them freshly roasted to the plate. This is a restaurant that will serve a family of four a whole chicken and sides for a really great price.”

Cattle Grid currently operates five sites, four in London and one in Leeds. It has secured a further site in Wandsworth and is thought to be targeting an opening in Brighton later this year.

NEW CONCEPT TO LAUNCH IN CRYSTAL PALACE

The Markets Group, which looks to create ‘farmers markets’ housed within the same space as new restaurants in London, has just opened its first site in Crystal Palace.

The group, co-founded by Sergey Men and Anatoly Parkhomchuk, opened The Crystal Palace Market – a restaurant, fishmonger and butcher – on Sunday 19 May 2013.

The venue offers fresh, locally sourced seafood, meat and produce which is available at the 76-cover restaurant. The Markets Group also enlisted the services of two former chefs at Sumosan restaurant in Mayfair, who will oversee the food operations across the group.

Managing director Men said: “The idea is to have a complete farmers market – with a fishmongers, butchers, bakery and cheese shop – all connected to the restaurant. “We would like to do a chain of restaurants in the same style, but we need sites that are big enough. Selsian brokered the deal for this 4,413 sq ft site on Church Road (formerly Noodle Time Chinese restaurant) at a rent of £48,000 per annum and with an undisclosed premium.

BE AT ONE SECURES SMITHFIELD BAR

Be At One, the London-based cocktail-bar chain has taken an assignment of the ground floor and basement unit from Springdene Ltd (trading as FluidBar) at 40/42 Charterhouse Street, EC1.

It is paying a rent of £50,000 per year and an undisclosed premium for a lease expiring in 2023 whilst the property extends to approximately 2,000 sq ft (186 sq m) on ground and basement and benefits from a Premises Licence that allows the sale of alcohol to 4am on Thursday, Friday & Saturday.

Steve Bagatti founding partner of Selsian who acted for FluidBar said: “Smithfield has always had a great buzz but it has become even more attractive because of its transport links. When Farringdon station improvements are completed it will be the only interchange where passengers will be able to access Thames Link, Crossrail and London Underground services and be served by 140 trains per hour.”

BE AT ONE SECURES ANOTHER IN THE CITY

Be At One Cocktails Bars continue their expansion trail into an already successful trading location for them, by securing The Slug & Lettuce on Fenchurch Street in The City of London.

The unit extends to approximately 3,856 split on the ground floor and basement, has a lease expiring in 2020 at a rent of £95,000 pa. Be At One also paid an undisclosed premium for the bar.

Steve Bagatti, Director of Selsian said “I think this underlines the demand for leisure property in The City which historically is not a popular target for chain operators”. Selsian, acted for Be At One in an off market transaction.

TASTY TO OPEN IN DIDCOT

Selsian, acting on behalf of Tasty Plc has acquired a site in Didcot, Oxfordshire in an off market transaction.

The site will trade as Wildwood, Tasty’s core restaurant brand and is due to open in March 2013. The 2,500 sq ft restaurant formerly traded as Al Gusto and forms part of The Orchards Shopping Centre in the heart of the town. Nearby operators include Prezzo and Cineworld.

Selsian negotiated an assignment of the existing 4 year lease along with a 10 year reversionary lease direct from the landlord Hammerson Plc, at a rent of £65,000 per annum. An undisclosed premium was also paid.

SHOREDITCH BAR GROUP UPTO 6

Shoreditch Bar Group, the East London-based bar group who operate Cargo, The Shoreditch, Casa Blue, The Redchurch and Ballyhoo in The West End, have secured its sixth site, after acquiring the leasehold interest of a ground floor and basement bar at 18-22 Houndsditch, London, EC3.

The name of the new venue is likely to be “Dukes Bar” as it was for many years until recently when the former operator chose not to renew their lease with the landlord. Shoreditch Bar Group (who pride themselves in serving top class cocktails and gourmet food with cutting edge pioneering live music) will operate the ground floor as a cocktail bar and gourmet pizza restaurant that will serve the vast office population in the immediate vicinity. The basement will be used for corporate hire/ events and also for club nights at the weekend to take advantage of the 6am Premises Licence.

Located opposite the new St Botolph’s Building and a short walk from The Heron Tower, the venue will be open in time for Christmas trading. It extends to approximately 6,200 sq ft GIA on ground and basement and was let off an asking rent of £125,000 per annum. Selsian acted on behalf of the landlord.

CLOCKJACK OVEN OFF AND RUNNING

Clockjack Oven, a new rotisserie chicken concept founded by Jerry Goldberg & Fraser Duncan, have secured their first premises on Denman Street in London’s Soho.

The Indian restaurant they will refurbish, previously traded as The Maharaja, featured on Channel 5’s Restaurant Inspector program and has been in the same ownership for 35 years. It extends to approximately 1,154 sq ft, is arranged solely on ground floor, is rented at £80,000 and was sold for an undisclosed premium.

The road is in a district that has changed much in recent years thanks mainly to The Crown’s Quadrant 3 redevelopment which boasts tenants such as The Wolseley’s Parisian Brasserie Zedel, Whole Foods and office tenants such as Generation Investment management, a company co-founded by former US vice president Al Gore. It is also understood the Jamie Oliver’s Union Jack will be opening opposite whilst Firmdale will open a 90 bed boutique hotel and cinema. Clockjack Oven cooks free range chicken over a special rotisserie to create great tasting, succulent chicken. Clockjack Oven will be looking for further sites in the New Year.

Selsian acted for the leaseholder FRH Ltd whilst Cushman & Wakefield acted for Clockjack Oven.

LOLA ROJO DOUBLE UP ON NORTHCOTE ROAD

Bistro Delicat at 124 Northcote Road, SW11 has been sold to Lola Rojo Ltd. Bistro Delicat traded as a French & Austrian Bistro and was owned by Erik Ammer who was previously in charge of catering for the Red Bull Racing Formula One Team and has decided to sell the business in order to return to Formula 1.

Lola Rojo, 78 Northcote Road, specialises in authentic Spanish Tapas and is run by husband and wife team Christina and Antonio. In 2010 they featured on Gordon Ramsey’s The F Word in his search for the country’s best local restaurant.

Christina and Antonio know the area exceptionally well having been trading on Northcote Road for the past 4 years and are more often than not fully booked, hence the reason to open a second restaurant no more than 300 metres away.

The new restaurant named Rosita will feature a sit down bar and will specialise in Spanish Sherry’s and tapas. Rosita is due to open in early November after a re-fit.

Selsian, acted on behalf of Bistro Delicat on an assignment of the existing lease of the 950 sq ft / 88 sq m venue, at a passing rent of £32,000 pa together with an undisclosed premium. Lola Rojo were un represented.

ROMANIAN CHAIN TO OPEN 1ST RESTAURANT IN LONDON

Trattoria Il Calcio, the Italian restaurant chain currently operating 12 restaurants in Romania, have completed on the acquisition of their first UK restaurant; Mangosteen, 251 Old Brompton Road, SW5 9HP.

They paid a positive premium of £80,000 for the residue of the leasehold interest with an unexpired term of approximately 17 years and a current passing rent of £35,000 per annum. The restaurant is situated next door to Balans, close to the junction of Earls Court Road, extends to approximately 1,344 sq ft (125 sq m) on ground and basement and accommodates around 60 covers with a further 10 to 14 in a private dinning area.

The Il Calcio Romanian operation attracts numerous Hollywood A-Listers including the likes of Nicolas Cage and Jack Nicolson.

Coleman Dean and Selsian advised jointly on this assignment, Il Calcio wereunrepresented.

TAPAS BRINDISA TO OPEN 4TH RESTAURANT IN SHOREDITCH

Named Tramontana Brindisa, the fourth restaurant in the group will celebrate the cuisine of the Spanish Mediterranean. The 100-cover restaurant, featuring an 18 metre dining bar and outside courtyard, is situated on the former SAF site in Curtain Road, Shoreditch and will open mid August 2012.

Brindisa Tapas Kitchens was formed in 2004 by Monika Linton and business partner, Finance Director Ratnesh Bagdai (also business partner to Mark Hix of HIX restaurants). Monika Linton said “We are thrilled to be opening in the vibrant neighbourhood of Shoreditch”.

The company, which also operates restaurants in Borough, Soho and South Kensington, has secured a new long term lease at £130,000 pa for the 3,000 sq ft (279 sq m) site that is arranged on ground and basement. An undisclosed premium was also paid as part of this off market deal.

Property advisor Selsian acted on behalf of Brindisa on the deal whilst Paul Belchak & Co advised the landlord.

HAMPTONS INTERNATIONAL COMES TO BALHAM

Hamptons international have acquired the leasehold interest of Dish Dash restaurant, 11-13 Bedford Hill, Balham, SW12 9ET to bring their network of high end estate agents to around 70 branches.

The restaurant which extends to approximately 2,300 sq ft (214 sq m) arranged on ground and basement, has been trading since 2003 and is situated in a much sort after location in Balham.

After receiving a number of offers the current leaseholders and landlord felt Hamptons brought a strong track record and covenant to the premises benefiting the long term investment of the building. Selsian, acting on behalf of Dish Dash, negotiated a significant premium for the property for an assignment of the existing lease at a passing rent of £52,500 pa.

NEW NEIGHBORHOUD RESTAURANT FOR CROUCH END

The former Gourmet Burger Kitchen at 45 Topsfield Parade has been let to Mousse Ltd who are due to open a French / Italian bistro.

The team behind Mousse have extensive experience in the industry having worked at the likes of Cote, 5 Cavendish Square and Circus.

Selsian acted on behalf of Mousse and negotiated a new 16 year lease at a passing rent of £31,500 for the 1,350 sq ft (125 sq m) fitted restaurant. No premium was paid and Mousse are due to open at the start of June.

POLPO SECURE 6th SITE

Polpo Ltd, the London-based restaurant and bar group led by Russell Norman and Richard Beatty, has secured its sixth site in the capital and its second for its eponymous brand.

The group, which opened the first Polpo site in Beak Street, Soho in 2009, has taken the lease of La Cucina in Cowcross Street, Smithfield for an undisclosed premium. The restaurant extends to approximately 2,350 sq ft / 218 sq m over ground and basement, the lease expires in 2029 and has a rent passing of £70,000 per annum exclusive.

Polpo Smithfield will offer the same core menu as its Soho and Covent Garden siblings and features bar dining, traditional restaurant seating and half a dozen outside tables. The basement will house a dedicated Negroni Bar.

“We have always loved the unique character and atmosphere of Clerkenwell and have been looking for the right site for over a year. It is also great to be so close to such an iconic working market as Smithfield.” says Russell Norman.

Property adviser Selsian brokered the deal.

PERUVIAN CUISINE COMES TO NOHO

Piere Loti at 31 Rathbone Place, W1T 1JH has been sold to Lima London Limited. The 2,100 sq ft restaurant is ideally located in the heart of Fitzrovia less than a minute walk to Charlotte Street to the north and Oxford Street to the south.

Peruvian cuisine despite being relatively unknown in the UK is seen by many as of the world’s best. Lima London will hope to capitalise on this on this with the opening of their first restaurant in the UK under the watchful eye of head chef Virgilio Martinez of Central Restaurant in Lima.

Lima will be a modern Peruvian restaurant with an open plan Ceviche Bar on the ground floor and a more informal bar in the basement specialising in Pisco based cocktails.

Selsian, acting on behalf of Piere Loti and negotiated a significant premium for an assignment of the existing lease at a passing rent of £60,000 pa.

ASSENHEIMS EXPAND IN THE CITY

Assenheims 56 of Copthall Avenue, London, EC2 have acquired the leasehold interest of Grazing on Great Tower Street, London, EC3.

After receiving numerous offers for their lease, the current leaseholders agreed the assignment with Assenheims as their 20 year track record and operation was greeted well by the landlord of the building. The business is a family operation headed by Matthew Ashely who comes from a catering family and has been at the helm of the business for around 9 years after graduating with a degree in IT and Business management.

The unit extends to approximately 1,012 sq ft / 94 sq m, is arranged solely on ground floor, has a passing rent of £48,000 pa and a lease that expires in 2028.

Selsian acted on behalf of the leaseholders Grazing who sold the lease to concentrate on their City delivery business and concession in the design museum.

CAFE ROUGE FOR MAIDSTONE

Selsian has acquired a site for Tragus at 42- 44 Earl Street in Maidstone, Kent.

The restaurant will trade as Cafe Rouge and is ideally located in the heart of Maidstone’s casual dining area with nearby operators including Zizzi’s, Nando’s, Pizza Express, Prezzo and Wildwood.

Selsian negotiated a new 20 yr lease on the former office building at a rent of £55,000 together with 9 months’ rent free. The building is arranged over the basement, ground, first and second floors and will seat circa 100 covers internally and a further 20 on the front terrace. It is due to open in May.

BRAZIL MEETS BRIGHTON

Rodizio Preto, the 4 strong fast growing Brizilian restaurant chain from London are taking a taste of the Copacabana to Brighton with their latest outlet that is due to open on West Street in time for the Summer Season.

This town centre unit which previously traded as Bubbas Fish Shack, is in view of the sea front, extends to approximately 5,000 sq ft and is arranged mostly on ground incorporating an ancillary mezzanine. Preto have taken a new 20 year lease on the vacant unit at an undisclosed rent.

Rodizio Preto is a dining experience like no other as their meats are slow-roasted over an authentic Brazilian Churrascaria to capture their individual flavour. The menu features unlimited servings of up to 15 different delectable cuts of spit roasted meats which are presented on skewers and carved tableside by authentic ‘Passadors’.

Selsian acted on behalf of the freeholders.

NEW SUSHI OPERATOR FOR CLERKENWELL

The Passage Cafe at 12 Jerusalem Passage, Clerkenwell, London, EC1V 4JP has been sold to Sushi Tetsu LLP.

Toru Takahashi, the founder of Sushi Tetsu and a former chef at Nobu, plans to open an informal and traditional Japanese Sushi Bar with a focus on lunch and take away. The restaurant will seat 8 at the sushi bar and a further 10 covers in the restaurant and is due to open in April.

Selsian acted on behalf of the assignors, La Creperie Des Amis and negotiated an assignment of the existing lease for an undisclosed premium. This 950 sq ft restaurant has a passing rent of £20,000 pa.

TASTY RESTAURANTS SPREADING LIKE WILDFIRE

Tasty plc, operators of Wildwood Restaurants have acquired a property in the affluent Cambridgeshire Town of Ely.

The property at 15-17 High Street previously traded as Curry’s and was being marketed locally on an A1 basis. Selsian, acting on behalf of Wildwood, investigated the opportunity for a change of use to A3 and following positive feedback from the local authority an application was submitted and subsequently granted.

Wildwood are due to commence their fit out shortly with an opening in April / May of this year.

Selsian negotiated a new 25 year lease at a rent of £85,000 together with 6 months’ rent free for the 4,600 sq ft unit.

PREZZO SET FOR STRONG END TO 2011

Prezzo continue to expand with the acquisition of the former Lloyds Bank at 128 Lord Street Southport, approximately 12 miles north of Liverpool.

The stunning double height unit is prominently located on London Square in the heart of the affluent seaside town and is due to open in March 2012.

Selsian acted on behalf of Prezzo and negotiated a new 20-year lease at a rent of £65,000 pax together with 6 months’ rent free for the 4,330 sq ft (402 sq m) unit which is arranged over the basement, ground and first floors.

This opening will take the brand close to the 160-site mark in total.

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