Landlord Shaftesbury has said it has Thomas Neal’s Warehouse in Seven Dials under offer to “an innovative UK-based food-led retail concept”.
London Union – the Street Feast operator long been linked with the site - although its appetite is understood to have waned. Fellow street food market operator KERB is also thought to have shown an interest.
Shafetsbury said a proposed letting to an international retailer for the space – which comprises comprises 19,700 sq. ft. of retail space and 3,000 sq. ft. of consented restaurant space – had not proceeded.
The group also updated on Central Cross, Chinatown, which it said was now 76% let – including six of the seven restaurant and café units have been let and, shortly, we expect to place the remaining restaurant under offer.
In its update on the period from 1 April to 27 September, Shaftesbury said it had seen robust trading and footfall across its portfolio.
In the period it has acquired four buildings in Carnaby, Covent Garden, Chinatown and Soho. Comprising one restaurant, three cafés, one bar, one shop and 13,400 sq. ft. of office space, the total cost was £50.4m bringing total acquisitions for the year ending 30 September 2018 to £167.8m.
Chief executive Brian Bickell, said: “Despite well-publicised uncertainties affecting business confidence nationally, London’s West End economy continues to be resilient.
“Trading across our restaurants, cafés, bars and shops has been robust over the summer months. In particular, our food and beverage occupiers have benefited from good footfall in our locations and the attraction of a wide variety of carefully-curated, innovative casual dining choices.”