Flat Iron, the ‘single-steak’ dining concept, is set to move into the space vacated by Porters restaurant in Covent Garden, M&C Report understands.

The concept, which was launched by Charlie Carroll at the end of 2012, is believed to have beaten off competition from a number of parties to secure the site at 17-18 Henrietta Street for an opening later this year dependent on licensing.

It will be the third central London site for Flat Iron, which currently operates in Soho’s Beak Street and Denmark Street.

Porters announced in January that it was relocating to Berkhamsted to re-open in mid-2015 in a 3,000sq ft space.

The traditional English restaurant had been located at Henrietta Street since 1979

It is understood that Flat Iron has been looking for further 2,000sq ft-6,000sq ft units in highly-populated areas such as Shoreditch, Covent Garden, Waterloo, London Bridge and Islington.

The concept was launched as a pop-up restaurant upstairs at the Owl and Pussycat pub in Shoreditch.

The business, which includes former M&B operations manager Mike Palmer, and current Benito’s Hat chairman Jay Travis, is based on offering a butcher’s cut called the flat iron.

Davis Coffer Lyons (DCL) is believed to have acted on the Porters deal.