OPINION: MARKET INDIGESTION – TIME FOR A REMEDY?
In February’s issue of Casual Dining Magazine, Lewis Craig director Theo Benedyk looks at the wide variety of new and diverse cuisines, and how the increasing number of restaurants is impacting on the sustainability of the food and beverage industry.
Bala Baya – Tel Aviv Life comes to Southwark
This week sees the opening of the exciting Bala Baya Restaurant & Cocktail Bar.
Bala Baya is the creation of Eran Tibi, formerly of Ottolenghi, Made in Camden and Zest@JW3, together with Sammy Shonn, co-founder and creator of When Mac Met Cheese.
L’Osteria’s first UK restaurant opens in Bristol!
With over 60 restaurants across Germany, Austria and Switzerland, Lewis Craig advise L’Osteria on their UK debut in Hammerson’s Cabot Circus scheme in Bristol. The first L’Osteria opened in 1999 in Nuremberg, Bavaria. Since then, their recipe has stood the test of time with fresh Italian cuisine, laid-back atmosphere and the best pizzas going well beyond the edge of the plate.
Ludgate Circus Restaurant Sale Completed
Acting on behalf of the former occupier, the well-known and well-loved Depalos Italian restaurant at 8 Bride Court, Lewis Craig were instructed to advise on the sale of this hidden gem just behind Ludgate Circus in The City of London.
Lewis Craig advise on new Chelsea retail boutique
Acting on behalf of the landlord, Lewis Craig are delighted to announce the successful completion of 22 Park Walk to fashion retailer Lost Laundry.
Sale completed to Holland & Barrett in Swiss Cottage
Lewis Craig are delighted to announce the sale of 11 Harben Parade in Swiss Cottage has now completed to Holland & Barrett.
Costa Coffee deal completed in Wimbledon Chase
Lewis Craig have just completed a deal to Costa Coffee, to sit adjacent to Tesco Express on behalf of the landlord in Wimbledon Chase.
Sale completed of 12 Smithfield Street to South American restaurant Assenheims 56!
Lewis Craig are delighted to announce the successful completion of 12 Smithfield Street to South American Restaurant Assenheims 56.
Acting on behalf of the former occupier, Lewis Craig were instructed to source a high-quality operator who would fit in well with the impressive 12 Smithfield Street mixed-use scheme which comprises some 100,000 sq ft of office space above.
High Stakes in Haverhill
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.