The Caterer

TGI Friday's secures £2m-a-year Leicester Square site

02 July 2015 by
TGI Friday's secures £2m-a-year Leicester Square site

TGI Friday's has secured a new 10,000 sq ft restaurant site in Leicester Square, currently occupied by pub brand Yates's.

The restaurant sits beneath the Capital Radio offices on Leicester Square and is planned to be the chain's 70th site when it opens in the first half of 2016. Yates's is expected to stop operating the site at the end of this year.

Criterion Capital, the largest landlord in the Leicester Square/Piccadilly area, is letting the site for a rent believed to be in the region of £2m a year for a 25-year lease.

Karen Forrester, TGI Fridays UK chief executive said: "We are incredibly excited to be expanding the ever-increasing Fridays family, and opening our flagship store in London's vibrant Leicester Square.

"Well known as the UK's centre for entertainment and fun, it was precisely these attributes that attracted us to the site. We will fit in perfectly."

Criterion Capital was advised by Nash Bond and Savills.

Are you looking for a new role? See all the current restaurant vacancies available with The Caterer Jobs >>

TGI Friday's takes on Tampopo site for ‘significant premium' >>

Managed pub and restaurants return to sales growth in April >>

TGI Friday's posts 22% profit rise in 2014 >>

Latest video from The Caterer

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!