Ego Restaurants agree 20-year lease on Ei Group site in Cheshire
Ego Restaurants has agreed a 20-year commercial free-of-tie lease for the Fox pub in Haslington, Cheshire, with Ei Commercial Properties.
The pub will reopen at the end of August following a £600,000 refurbishment.
The site is the second Ego Restaurants has taken from Ei Commercial Properties, which manages a portfolio of properties leased to third parties for Ei Group (formerly Enterprise Inns).
James Horler, chief executive of Ego Restaurants, said: "We are absolutely delighted to have reached agreement with Ei Commercial Properties on this site. We have a good relationship with Ei Group and its team and they are consistently very good to work with. The new site is located in a strong trading area for us with a good local customer base and we are confident it will be a success."
Greg Parkes, commercial property director at Ei Commercial Properties, said: "Our aim is to maximise the value of Ei Group assets using our expertise and partner with exciting, high-quality operators.
"Ego absolutely meets that criteria and the new site is a prime example of the approach we take to deliver the right proposition, with the right commercial tenant prepared to invest significantly in the asset. We are proactively working with the team at Ego and are hopeful of identifying other potential sites across our estate for future projects."
Top 100: James Horler, 3Sixty Restaurants>>
Company behind Ego and Rocket posts double-digit sales increase>>
