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

10 June 2015 by
TGI Friday's takes on Tampopo site for ‘significant premium'

TGI Friday's has taken on the Reading site being vacated by Tampopo.

Earlier this week the pan-Asian casual dining restaurant group Tampopo announced it had surrendered the leases on two of its restaurants, in Bristol and Reading, having been offered "significant premiums" for both sites.

Now TGI Friday's has signed to take the 3,375 sq ft restaurant at the Oracle in Reading on a 15-year lease. Tampopo said it would vacate the unit at the end of June.

The site, which is a smaller footprint than its other restaurants, is due to reopen as a TGI Friday's in the autumn.

Sarah Fox, head of restaurants and leisure at Hammerson, said: "By refreshing our tenant mix it ensures that the Oracle continues to have all the elements to ensure that our customers have a fantastic retail, leisure and dining experience when they visit."

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Tampopo surrenders leases on Bristol and Reading sites >>

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

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