Gaming café concept Platform Hub One has taken on the former Pizzabuzz site in Shoreditch.
The unit in the Alphabeta Building in Worship Street was the only site for the Meredith Group’s pizzeria concept.
Platform Social Gaming Ltd paid a premium for the assignment of the existing 20-year lease at a passing rent of £110,430 per annum. The landlord is Triton Court Ltd.
Sally French, of Davis Coffer Lyons, said, “Leisure property in Shoreditch continues to be in high demand - the site generated a great deal of interest and commanded a substantial premium. Competitive socialising as a trend shows no sign of slowing and this is the perfect locality for this concept to launch. We wish them every success with the new venture.”
Meredith created Pizzabuzz in recognition of shifting consumer tastes away from pubs towards casual dining restaurants, investing c£850k in the first site in 2015 with a view to scaling it to suit different sized spaces from 950 –3,500sq ft.