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LGP secures planning for new restaurant units at Towerfields leisure park, Huntingdon

wantspacegotspace.co.uk - LGP secures planning for new restaurant units at Towerfields leisure park, HuntingdonLegal & General Property, on behalf of its Property Unit Trust (PUT), has secured planning consent for two new restaurant units at Towerfields Leisure Park, Huntingdon, which have been pre-let to popular family restaurant chains Bella Italia and Chiquitos.

Comprising 3,200 sq ft each, the units have been pre-let to Bella Italia and Chiquitos on minimum 15 year leases. Robert Simpson of Colliers is the appointed project manager and construction is due to commence on site in early January 2013, with completion due in September allowing the restaurants to open for trade in the run up to Christmas 2013. The addition of these two units is expected to create 45 new jobs following their launch, as well as a number of local jobs during the construction phase.

Towerfields Leisure Park was purchased by the PUT in May 2010. Situated in a prominent position to the north of Huntingdon, it provides a total of 58,000 sq ft of leisure space. Bella Italia and Chiquitos will join a strong line up of restaurant and leisure operators, including a 10-screen multiplex Cineworld cinema, LA Fitness, Frankie & Bennys, McDonalds, KFC and Blockbuster.

Tim Russell, Senior Asset Manager at Legal & General Property, said:
"Since acquiring Towerfields in 2010, we have worked hard on the asset management side to look at ways of investing in the scheme to further improve its tenant mix and refresh its customer offer, in order to ensure that it remains a popular local leisure destination. With planning consent now in place and pre-lets agreed to two popular family-orientated restaurant chains, we look forward to starting work on site early in the new year and welcoming Bella Italia and Chiquitos to the Park in time for next Christmas."

Montague Evans acted on behalf of Legal & General Property, Wareing & Partners advised

Chiquitos and Redleaf represented Bella Italia.

Posted by The Editor (wantspacegotspace) on 30th October 2012

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