Edinburgh’s St James Quarter, owned by Dutch pension fund APG and Nuveen, has secured a trio of F&B operators – itsu, Black Sheep Coffee and Pret A Manger.
Itsu and Black Sheep Coffee have signed 2,000 sq ft and 1,156 sq ft unit respectively on a 10-year lease agreement.
While Pret A Manger has signed for a 3,000 sq ft flagship location on Level 3, overlooking Multrees Walk on a 15-year lease.
St James Quarter extends to 1.7m sq ft and is anchored by John Lewis. The mall is one of the UK’s last major shopping centre developments and is regarded as one of the best performing, attracting over 18m visitors annually.
Last week, Estates Gazette revealed that Redical Holdings’ proposed acquisition of Nuveen’s 25% stake in the 850,000 sq ft retail element of Edinburgh’s £1bn St James Quarter collapsed.
Ed Corrigan, St James Quarter, said: “Sitting in the heart of Edinburgh, it is crucial that St James Quarter provides a well-rounded blend of brands to provide visitors with all they need and want. This latest investment from itsu, Black Sheep Coffee and Pret does just that, adding three well-known high street names alongside our existing unique line-up of F&B brands in response to sustained consumer demand.”
Culverwell and BGP handle F&B lettings at St James Quarter. RAB Retail acted for itsu, CBRE acted for Pret A Manger and Black Sheep Coffee dealt direct.
Image: Savills
Send feedback to Shifali Gorka
Follow Estates Gazette
