Month: June 2022

AS Retail are delighted to announce that Liberto Lounge opened its doors at the fantastic Magna Square development in Egham yesterday.  The restaurant totals approx. 3,300 sq ft with external seating and has an extended frontage to the traffic free boulevard of approximately 85ft (26m). It sits adjacent to the shortly to open four screen Everyman Cinema and opposite Unit B1 which remains available to lease.

Loungers, and their sister brand Cosy Club, have over 160 restaurants nationwide with each of the restaurants has a homely and relaxing environment, wholesome comfort food and an affordable all-day menu, catering for locals and visitors alike.

Andrew Shepherd, Director at AS Retail commented “The fit-out at Liberto Lounge is superb and we are thrilled that they have chosen to lead the catering offer at Magna Square which is now open to the public. Two more transactions are progressing for Summer openings but we have two units, being B1 at 3,300 sq ft facing Loungers and A1B at 2,000 sq ft fronting the High Street, available to let for immediate occupation.”

Please contact Andrew Shepherd for further information.

AS Retail acted for the landlord in the letting with Space Retail Property Consultants advising the tenant.

Acting on behalf of a private landlord client, AS Retail have successfully concluded a complex lease renewal with Pizza Express at 39 High Street, East Grinstead.

The building is arranged as a ground floor restaurant with rear extension to provide additional seating, supplementary external seating area, self-contained upper parts and parking spaces to the rear.

As a team we have provided ongoing advice to our client since 2019 when were first instructed to assist them. As well as working through complex lease and valuation matters revolving around the age of the previous lease, the duration since certain tenant’s improvements were made and a lack of direct comparable evidence, we’ve also had to navigate both the tenant’s CVA and of course the Covid pandemic during the period of instruction.

We are delighted therefore that Pizza Express have been secured for a new 15 year lease on the whole building at a rental 15% higher than the previously passing figure.

Please contact us should you require any additional information on this instruction.