The Crown Estate has confirmed that it has agreed a lease with the internationally renowned Greek seafood restaurant Milos for a new 8,000sq ft flagship at No 1 Regent Street, as revealed by M&C Report earlier this week.

Milos was founded by Costas Spiliadis in 1979 with its first restaurant opening in Montreal, Canada and has side opened sites in New York, Las Vegas, Miami and Athens.

Spiliadis said: “London is the natural destination for our expansion and we are really excited to bring our fresh contemporary take on Greek seafood to the UK. St James’s was the perfect choice for us, representing the kind of cosmopolitan, refined characteristics that we think fit perfectly with our own brand.” 

The deal marks the latest major flagship restaurant to sign up to St James’s, following in the footsteps of Philippe Le Roux’s Villandry, Angela Hartnett’s Café Murano and San Carlo Group’s Cicchetti, all of which have opened in St James’s over the last six months.

As well as bringing new, flagship restaurants to St James’s, The Crown Estate’s investment is creating new restaurant space through redevelopments of its properties. Along with its joint venture partner, Oxford Properties, it is currently delivering the £320m St James’s Market redevelopment between Regent Street and Haymarket, which will create a 10,000 sq ft public square as the centrepiece of a new shopping and dining destination in the heart of St James’s.

Head of the St James’s Portfolio at The Crown Estate, James Cooksey, said:  “This is another great addition to the restaurant mix in St James’s, emphasising the momentum we have behind our plans to develop the area’s reputation as one of London’s top dining destinations. Milos will offer a fantastic new experience for London’s restaurant goers.” 

Davis Coffer Lyons acted on the deal on behalf of the Crown Estate.