Grosvenor secures wave of F&B tenants in Mayfair and Belgravia
Grosvenor has signed a series of new restaurant and cafe leases across Mayfair and Belgravia, with openings scheduled for this summer. The deals have pushed occupancy across its London portfolio to 95% at the end of Q1.
BVC Hospitality is launching two new concepts in Mayfair. Following the success of its Soho site, BVC is launching its Supernova burger brand on North Audley Street, taking 2,971 sq ft.
It will also open 74 Duke, an all-day Parisian brasserie, in a 3,250 sq ft unit on Duke Street.
Grosvenor has signed a series of new restaurant and cafe leases across Mayfair and Belgravia, with openings scheduled for this summer. The deals have pushed occupancy across its London portfolio to 95% at the end of Q1.
BVC Hospitality is launching two new concepts in Mayfair. Following the success of its Soho site, BVC is launching its Supernova burger brand on North Audley Street, taking 2,971 sq ft.
It will also open 74 Duke, an all-day Parisian brasserie, in a 3,250 sq ft unit on Duke Street.
Meanwhile, existing tenant Popina is relocating to a larger 1,500 sq ft space on Weighhouse Street — tripling its current footprint.
In Belgravia, La Bistrot Collection — created by the team behind the Bagatelle Group — is set to open Café des Lilas, a bistro concept on Motcomb Street, spanning 2,219 sq ft.
Workshop Coffee will also open a new flagship café and barista training centre across two floors, totalling 1,860 sq ft.
All leases are for terms of over 10 years.
Vacancy across Mayfair and Belgravia remained below 5% at the end of Q1, with nine new F&B and retail leases and renewals signed in the first quarter, totalling 13,750 sq ft.
The strong leasing activity reflects Grosvenor’s asset and placemaking strategy, as it progresses plans to invest approximately £1.3bn in London over the next 10 years.
Joanna Lea, retail director, Grosvenor, said: “We’ve been actively broadening the dining offer across our London portfolio, so it’s fantastic to see ambitious operators choosing Mayfair and Belgravia to grow their brands. It reflects the strength of our neighbourhoods and the long-term partnerships we’ve built with occupiers who are expanding, evolving, and continuing to thrive in our spaces.”
