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Davis Coffer Lyons

Case Studies: Development & London Estates Leasing

  • British Land: Meadowhall, Sheffield and Whiteley, and London office estates including Broadgate

    We were appointed alongside local letting and managing asset managers in 2008 to give specific input on the catering and leisure provision throughout Meadowhall, the 1.4m sq ft retail, lifestyle and leisure scheme in Sheffield. We have introduced a number of new brands such as Carluccio’s into the scheme. As part of a £7 million investment upgrading the dining area with new space, furniture, lighting and flooring, we introduced new fast food offers to complement the already existing successful line up together with TGI Friday’s and Wagamama. Most recently, we have upsized Nando’s and introduced Five Guys, with another exciting name to be announced shortly.

    Further to British Land’s purchase of Whiteley and the successful planning application, we advised on tenant mix for the exciting new centre which opened in May 2013; we secured a family focused line up of well known brands for the centre including Frankie & Benny’s, Harvester, Prezzo, Chimichanga, Dean’s Diner as well as Starbucks and Costa, and have since secured six of a further seven restaurants as part of phase 2, which includes a 9 screen Cineworld, including Five Guys, Coast 2 Coast, Dim T and Pizza Express.

    For British Land’s office estates in the City and West End, we give specific advice on how to enhance the food provision and align it with the needs of the office tenants. We are instructed on all ongoing asset management opportunities throughout both its key estates; Broadgate and Regent’s Place.

    We have advised on a complete redevelopment of Broadgate Circle, from feasibility through planning , design and leasing, attracting a stellar line up for this new restaurant quarter including Hakkasan Group’s Michelin-starred Yauatcha, Jose Pizarro, ETM Group’s The Botanist, the first UK site for Crab Tavern, Aubaine, Shoryu Ramen, Franco Manca and Comptoir Libanais – many of which chose Broadgate Circle to open their first outlets in the City.

    British Land’s office team have also appointed us on their restaurant and A1 food provision in their iconic office building – The Leadenhall Building, commonly known as the Cheesegrater, where a new flagship restaurant and 2 glazed A1 food units are being delivered.

  • Capital & Counties: Covent Garden and Earls Court and Olympia

    DCL advises Capital & Counties as part of a team of specialists on the transformation of the world-famous Covent Garden Market and Piazza. Steering the estate to become a world-class destination for shopping, dining and entertainment, we provide consultancy and agency advice on the eating and drinking content from food retailing to new signature restaurant lettings such as the Ivy Market Grill and the London outpost of acclaimed New York restaurant Balthazar, as well as Lima Floral, the UK’s first Shake Shack and Jamie’s Union Jacks.

    “Hip new British pizzeria Jamie’s Union Jacks and cult burger joint MEATMarket have helped establish WC2 as London’s new gastro hotspot, a position that will be cemented with the opening of New York’s finest brasserie, Balthazar, this winter.” Observer, The Brands 2012/13, September 2012.

    We are also advising on the improvement of eating, drinking and grazing offers at Olympia, the renowned exhibition and eventing area now under Capital & Counties ownership. We are embarking on the journey of the important role food and drink will play in the 11 million sq ft + development of Earls Court – a whole new piece of London which will evolve over the next 5 to 15 years.

  • Gatwick Airport

    Acting for Gatwick Airport, where eating and drinking is seen as a major influence in its commitment to “Changing Gatwick”, we advised on a new food mix and introduced different concepts to improve the travellers’ overall experience. This included introducing a wider range of cuisines to satisfy different ethnicities, cuisines and food trends, also recognised as a key draw in attracting and satisfying new airlines to operate out of there. We addressed reliance on franchise arrangements and encouraged restaurateurs to operate company-run stores, such as the new Jamie Oliver at Gatwick which received the accolade for Best Transport Opening of 2012.

    We have specific expertise in concession arrangements at airports and worked hand in hand with the airport on strategy through to delivery.

  • Greenwich Hospital: Greenwich Town Centre

    We are appointed by Greenwich Hospital to advise on the F&B element of its Greenwich town centre holdings, including the island site which is home to Greenwich Market, currently undergoing substantial refurbishment. We are providing strategic advice with a view to broadening and enhancing the eating and drinking offer within the vibrant town centre, catering not only to the thriving visitor trade but also the local audience, and sourcing interesting independent operators for new opportunities to complement the specialist retail offer. Recent lettings include Sticks n Sushi and Champagne + Fromage.

  • Shaftesbury Plc: Carnaby – including Kingly Court, Seven Dials, The Opera Quarter, Soho, Charlotte Street, Coliseum and Chinatown

    DCL advises niche central London developer Shaftesbury on its “urban villages” including Carnaby, Seven Dials, The Opera Quarter and Chinatown, as well as on its increasing ownership in Soho- on Berwick Street and Brewer Street, and Charlotte Street, introducing innovative operators to complement the personality and retail offering of each area and ensuring an eclectic range of new food and drink offers.

    In Carnaby, we’re delighted to have advised on the transformation of Kingly Court, which is now attracting significant attention and acclaim as one of the Capital’s most vibrant and exciting dining enclaves. Working closely with Shaftesbury, we developed and executed a leasing strategy to create an interesting and eclectic mix of cutting edge operators offering a range of complementary cuisines, including: Pizza Pilgrims, Shoryu Ramen, Stax Diner, The Detox Kitchen, The Life Goddess, Senor Ceviche, Crumbs & Doilies and Oka, soon to be joined by Dirty Bones and another exciting operator at second floor level. We’ve also recently effected two significant Kingly Street lettings to Shotgun and Dishoom, further cementing its position as a key dining destination.

    In Seven Dials, we have introduced a raft of exciting operators as part of a drive to evolve the estate’s food offer, including Vico, a new concept from the team behind Bocca di Lupo launching in a flagship unit at Cambridge Circus, Marcus Wareing’s Tredwells, café and lifestyle concept Timberyard, and in Neal’s Yard, 26 Grains and Free Range People joining Homeslice pizza and the Experimental Cocktail Club’s restaurant and wine bar Compagnie des Vins Surnaturels.

    The Opera Quarter is going from strength to strength as an eating and drinking destination with the recent opening of Angela Hartnett’s Café Murano; joining a line-up that includes the Opera Tavern, Mishkins, Peyton & Byrne, Venetian bacaro and deli Augustus Harris, Champagne + Fromage and On the Bab.

    We’ve dealt with the letting of two pubs, which attracted a phenomenal amount of interest; the former Angel & Crown in St Martin’s Lane, where Inception Group are launching Fogg’s Tavern in autumn 2015 and the Newman Arms in Rathbone Place, off Charlotte Street – the inspiration for the Prole’s pub in Orwell’s 1984 – now under the stewardship of the Cornwall Project, including a first floor dining room.

    In Berwick Street we let units to Saltyard Group for its fourth site, Ember Yard, and to Florence Knight and the Polpo team to re-launch Polpetto. In Chinatown, we let 17 Wardour Street to Mark Sargeant to launch Morden & Lea, and elsewhere in Soho we’re marketing a number of exciting opportunities.

  • The Cadogan Estate

    We are delighted to be appointed by the Cadogan Estate in relation to their food and beverage throughout the Estate. Appointed in 2010, one of the first projects was the letting of 50 Sloane Square to Jeremy King & Chris Corbin for Café Colbert. This opportunity generated a phenomenal level of interest; user was of key importance to complement the retail and serve the residents. We have introduced Comptoir Libanais and Polpo to Duke of York Square as part of a strategy to offer a more diverse eating and drinking offer, with more accessible price points and varied cuisines, and new concept Rabbit – sister restaurant to The Shed in Notting Hill – to Kings Road. Forthcoming projects include a new restaurant being created within the redevelopment of Liscarton House on Sloane Street.

  • The Crown Estate: St James’s Portfolio

    The Crown Estate: St James’s Portfolio Defined by its four corners – Trafalgar Square, Piccadilly Circus, Green Park and Buckingham Palace – St James's is in the heart of the West End. The Crown own over 50% of the property by floor area and value within this area and are committing over £0.5 billion over the next 10 years, investing in the buildings and public realm for future generations.

    Since our appointment we have introduced Angela Hartnett’s Café Murano, New York’s Altamarea Group’s Chop Shop, Cicchetti, Villandry, Bilbao Berria, Borough Barista, Chutney Mary and fine dining seafood restaurant Milos from Greece, as well as Barbecoa, opening 2016. We have also been providing strategic advice on how the offer can be broadened with quality operations that embrace the area’s heritage, sense of tradition, elegance and luxury together with meeting the St James’s criteria of being distinctive; personal; simulating and electic. We are now working closely on the repositioning and development of St James’s Market.

    We have acted for the Crown Estate for some years and are chosen advisors on the Regent Street portfolio for all F&B leasing and consultancy.

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