Prezzo is to open a new restaurant within owner Cain International’s Islington Square development in North London – its first opening since 2018, with more in the pipeline.

The business, which was acquired by the privately-held investment firm, in December 2020, will open the new 4,319 sq ft site within the development’s South Arcade.

It will be the first to feature Prezzo’s new energy-efficient kitchen plan, which aims to increase the energy efficiency of its cooking by 47% and reduce CO2 emissions by up to 75%.

Prezzo will also be moving its restaurant support centre to the development.

Jonathan Goldstein, chief executive of Cain International, said: “As we emerge from the restrictions of lockdown and enjoy increasing freedom to socialise, we are confident that Prezzo will benefit from the pent-up demand for hospitality-driven experiences.

“There is an exciting pipeline of opportunities ahead for the team and we look forward to introducing the Prezzo brand to a new market, as well as continuing to work closely with Karen and her team as we re-open sites across the UK.”

Karen Jones, executive chair, Prezzo, added: “It is truly exciting to be opening a new Prezzo restaurant. The new Prezzo Islington will be the greenest Prezzo to date and will serve as a test bed for sustainability initiatives that we can roll out across all our restaurants.

“The location of the restaurant in Cain’s Islington Square development demonstrates the ambition of Prezzo’s partnership with Cain and the confidence both companies share in the resilience of the British High Street.”

Located off Upper Street, Islington Square features a mix of restaurant, retail and leisure concepts, including Megan’s, Omnom and Jiji, and an Odeon Luxe & Dine cinema.