Acquisition of 10-11 Great Newport Street, Leicester Square
May 26, 2022
Coffer Corporate Leisure has advised a private client on the acquisition of 10-11 Great Newport Street in Leicester Square.
The freehold property, situated less than 55m from Leicester Square underground station, comprises a restaurant trading as PF Changs – the popular American-Asian casual dining brand with more than 300 sites worldwide.
The terms of the transaction are confidential.
Mark Sheehan, Managing Director at Coffer Corporate Leisure, said “There continues to be strong demand for prime assets of this nature. The West End remains at the forefront of the Central London investment market and Leicester Square is one of the busiest spots in London.
Tourists have returned to the West End this summer and restaurant are very busy. We expect both occupational and investment demand to strengthen for the rest of year as stock continues to lag behind demand, coupled with a surge in consumer demand since the reopening of the economy. This is especially true for the West End, given it will always be a desirable location to visit and invest in commercial property”.
Coffer Corporate Leisure acted for the purchaser, a private client. JLL acted for the Vendor, Aviva Life & Pensions.