Just Falafel on track with 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 on target to open early 2014
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.
Burger King open in Skegness
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.
Quality Investment Acquired in Hoxton
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.
Just Falafel rolls into London
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.
Greenwich’s New High Street Parade
Lewis Craig and Kingsbury Consultants are jointly working on VFUND’s latest project.
The Creek Road development in Greenwich will provide exciting retail, restaurant and community use space within a newly developed landmark scheme in the heart of Royal Greenwich Town Centre opposite Cutty Sark DLR station.
The ground floor of the development will provide up to 1,538 sq m (16,563 sq ft) of flexible A1, A2, A3, D1 & D2 space with direct frontage onto Creek Road, arranged within 2 separate blocks, with the flexibility to sub-divide to suit occupier requirements. Servicing is provided via Bardsley Lane to the rear.
Greenwich is home to world famous landmarks, all within close proximity to the development, including Cutty Sark, The National Maritime Museum, The Royal Observatory and the Old Royal Naval College. It is situated within the heart of the Town Centre, on the A200 Creek Road, close to the junction with Greenwich Church Street and opposite Cutty Sark DLR station.
A diverse shopping and eating experience is already on offer, ranging from quirky shops, cafes and street markets through to established national retail and restaurant brands.
Being within the established leisure and restaurant circuit, plus within close proximity to numerous high profile residential developments, the scheme is likely to appeal to a range of national restaurant and retail operators, along with other specialist occupiers such as gyms.
The space will be finished to a shell and core state, and is expected to be ready for tenant fit out in the Autumn of 2014.
Just Falafel open their 2nd & 3rd restaurants in the UK!
Following the success of Just Falafel’s first UK restaurant in Covent Garden, we are proud to announce that our client has now opened their second and third restaurants in London, in Baker Street and Hammersmith Broadway Shopping Centre.
Both Charing Cross Road and Croydon are well underway, with openings due shortly!
Just Falafel is a superb operation launched in the UAE in 2007, with over 35 restaurants trading globally, and is keeping with the trend of more and more people on the move looking for a healthy alternative to fast food!
Many more locations are now required within high footfall locations, and busy hubs of Central London.
A3 or A5 required, with a minimum 750 sq ft at ground floor preferred.
Please get in touch with Theo Benedyk or Richard Grossman at Lewis Craig with any ideas!
Burger Kingsway
Our client Karali Group have this week opened at Kingsway in a superb location, alongside the recently opened Wagamama, opposite Holborn Station close to the junction of High Holborn. Lewis Craig acted for Karali in the negotiating process.
Karali now operate over 60 Burger King restaurants throughout the UK. We are actively seeking more Central London opportunities like this, alongside or very close to Underground and Mainline Stations. This being in addition to our client’s requirement for drive-thru, high-street and food-court opportunities nationwide.
Twickenham sees perfect conversion for Burger King!
Without doubt, our fastest deal in 2012 was the acquisition of 33-35 London Road, Twickenham on behalf of our Burger King franchisee client, Karali Leisure Ltd. The premises comprise approx. 2,000 sq ft at ground floor, with an impressive 30 ft frontage.
Having first viewed with our client on 26 October, the letting completed on 9 November – a pretty impressive 11 working days from start to finish (including obtaining landlord’s consent)!
A 3-week fit-out then followed, with the premises opening on 1 December.
Ben Pistol comments, “From our experience, it is rare when everything comes together in such a short time frame at this time of the year! We are now actively seeking to secure for Karali more high street opportunities, as well as drive thru and shopping centre representation.”