The West End of London Property Unit Trust has agreed a new letting to the Goodman Restaurant Group at its recently completed building, One Chapel Place, W1.
Goodman has taken a new 25-year lease, at an average rent over the first five years of £300,000 pa, at the 4,700 sq ft restaurant element of the scheme.
The new restaurant is Goodman’s first premium concept restaurant in London. The group has recently expanded in central London with its Burger & Lobster chain.
One Chapel Place is a 34,000 sq ft building providing 25,500 sq ft of offices on five floors. The asking rent for the offices is £77.50 per sq ft but varies.
Nigel Kempner, head of Grafton Advisors, part of Quintain Estates and Development, which advises WELPUT, said: “Goodman’s is a fantastic brand and will offer real destination appeal, firmly putting Chapel Place on the map. We are making encouraging progress with the offices lettings.”
Strutt & Parker and CWM represented WELPUT. Goodman was represented by CBRE.
Annabel.Dixon@estatesgazette.com
