News
London-based burger restaurant looks to expand across the UK
15th July 2025A burger restaurant chain with three locations in London has released its list of target locations as it looks to increase its nationwide footprint. Burger & Beyond started as a food truck in 2015, and has since gone on to open permanent restaurants in Shoreditch, Soho, and Borough Yards. The operator – which offers a menu that includes burgers, chicken wings, and cocktails – is seeking properties ranging between 1,500 sq ft and 4,000 sq ft, with extraction required. Target locations include: Burger & Beyond has retained Stärka to find suitable locations.
Deals
Popeyes cooks up Manchester Arndale opening
14th July 2025Popeyes UK is set to open a new restaurant at Manchester Arndale. The fried chicken restaurant chain has signed an agreement to take a 2,816 sq ft unit in the centre’s food court alongside other quick-service restaurant brands. Popeyes opened its first restaurant in the UK in 2021 and now operates over 80 locations nationwide, with the Manchester Arndale opening forming part of its plans to open 45 new restaurants in 2025. The addition of Popeyes follows other recent F&B arrivals at Manchester Arndale, including the likes of Sides and Joe & The Juice. The scheme has also recently welcomed retailers such as Alo Yoga, Arc’teryx, Sephora, and PureSeoul. Scott Linard, portfolio director for M&G Real Estate, said: “We are thrilled to welcome Popeyes to Manchester Arndale as it is the perfect addition to our strong and varied food and beverage offer. “We strive to create a vibrant destination that appeals to a wide variety of visitors. Our focus goes beyond retail – as we integrate innovative leisure and entertainment offerings. As the premier retail destination in the North West, we’re pleased to see strong visitor numbers and continued demand for space from international brands like Popeyes.” Metis Real Estate and […]
Requirements
KFC has appetite for over 50 new UK stores in 2025
1st July 2025KFC is looking to secure over 50 new UK stores this year, as part of the restaurant chain’s plans to invest almost £1.5bn into its estate over the next five years. Earlier this year, the fried chicken specialist – which operates over 1,000 restaurants in the UK – said it will spend £466m on expanding its estate, with plans to open 500 more sites in the UK and Ireland over the next decade. The chain also said it would invest in upgrading over 200 of its existing restaurants. KFC has now released its acquisition requirements, with the chain considering freehold and leasehold units located at retail and leisure parks, development sites, high street retail units, travel hubs, shopping centres, and food courts. The operator is focusing on drive-through sites spanning 0.3 to 1.5 acres, as well as in-line units ranging in size between 1,200 sq ft and 2,500 sq ft. KFC is seeking sites across the entire UK and Ireland, and is also offering agents a finder’s fee of £20,000 for any suitable locations.
Insights
Lakeside: Learnings from a retail centre that has stood the test of time
11th July 2025As Lakeside Shopping Centre in Essex approaches its 35th anniversary, Rob Jewell, managing director of asset management at Pradera Lateral, explores how retail destinations can embrace the ever-evolving retail landscape. Over the past 35 years, the retail sector has undeniably undergone a remarkable transformation. Gone are the days of a transactional, stagnant industry and instead, a new dynamic, future-facing business has surfaced, where customer experience is at the heart of all decision making. It’s fair to say that compared to the market that Lakeside Shopping Centre entered in 1990, when it was one of the original shopping destinations to open in the UK, there has been an incredible evolution. One key innovation that the sector has implemented in the last 35 years, is the development of the ‘third space’ approach. In the face of e-commerce challenging traditional sales, retail centres across the UK are investing in their F&B and leisure facilities as a key way to attract visitors. By elevating themselves to become more than just shopping locations, and instead destinations, where visitors can dine and enjoy innovative experiential activities, retail centres are widening their appeal; promoting increased dwell time, spend and engaging a broader audience group. At Lakeside, our […]
News
East Grinstead coffee house investment heads to market
15th July 2025A virtual freehold property in East Grinstead, West Sussex currently let to a coffee house operator has been placed on the market with a guide price of £478,000, reflecting a net initial yield of 8.0%. Located at Unit B in Queens Walk, the property extends to 1,700 sq ft and has recently been let to Coffee#1 on a 10-year lease, expiring January 2035 with a tenant-only break option six years in. The asset generates a total current income of £34,000 per annum, rising to £40,000 per annum from February 2027. It is situated below a modern newbuild development, which provides 129 residential dwellings. Located within the heart of East Grinstead, Queens Walk is home to tenants such as Pets Corner, Carlo Lounge, Xcelerate Gyms, Iceland, Peacocks, Boots Opticians, and Card Factory. Other retailers located on the adjacent London Road include Boots, Waterstones, Holland & Barrett, Poundland, Fatface, and White Stuff. Situated 27 miles south of London and 21 miles north of Brighton, East Grinstead is a popular commuter town with efficient road and rail links to London, Gatwick Airport, and the wider South East. Cited Property has been appointed to find a suitable purchaser.
