Living Ventures opens Heddon Street site

2005 Catey winner Living Ventures this week formally announced a new site in Heddon Street, London.

The new property will join esteemed neighbours Momo's and Conran's Zinc Bar and will be Living Room's flagship site.

The ground-floor restaurant and bar will cover more than 3,000sq ft while a first-floor restaurant will span 2,800sq ft. There is also a basement measuring almost 3,500sq ft.

Rent is expected to average £220,080 a year over the next five years.

Property agents Shelley Sandzer acted for Living Ventures while CBRE represented landlord, the Crown Estate.

Living Ventures will be looking to acquire a further 10 sites during the course of the next year for its Living Room, Est Est Est and Prohibition brands.

Buy this week's Caterer magazine for more industry news and analysis