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Property developer Shaftesbury in two new London restaurant deals

13 August 2012 by

London property developer Shaftesbury has completed two restaurant deals that will see new concepts added to its Carnaby and Covent Garden "urban village" estates in London.

The first is a new Mozzino espresso bar, which has replaced the Refectory at 17 Broadwick Street, with a 10-year lease to June 2022.

In Covent Garden, Italian delicatessen and aperitivo bar concept Il Tempo has taken a 10-year lease at 48 Chandos Place. Occupying the ground floor and basement, it will be the first example of the Il Tempo brand in London.

Leisure property adviser Davis Coffer Lyons (DCL) brokered both deals and is retained by Shaftesbury to advise on its "urban villages", which include the Opera Quarter, Covent Garden's new food quarter, and St Martin's Courtyard, for both asset management and new lettings.

Tracey Mills, director of development leasing and London estates at DCL, said: "Shaftesbury's retail and leisure strategy encourages a wealth of new brands and the very best emerging concepts.

"Both Carnaby and Covent Garden now have a terrific array of vibrant one-off independent leisure offers, and these new signings will be a great complement to the mix."

DCL also recently completed on the private members' Kingly Club within Shaftesbury's Carnaby estate. The lease was acquired by CG Restaurants, which owns West End restaurant Tuttons, pizza chain Fire & Stone, and the Dirty Martini cocktail bars.

By Janie Manzoori-Stamford

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