29 May 2012
Meadowhall Bids Buon Giorno to Carluccio's
Meadowhall, Yorkshire's premier shopping centre owned by
British Land and London & Stamford, is pleased to announce
that Carluccio's is to open a 3,600 sq ft restaurant on
the upper level of the new Oasis Dining Quarter.
Carluccio's will join ChaoBaby, Las Iguanas, Café
Rouge, Wagamama, Giraffe, PizzaExpress, Zizzi, Frankie and
Benny's, YO! Sushi and TGI Friday's to complete the
line up of destination dining brands that appeal to a wide
range of consumers.
Claire Barber, Senior Asset Manager for British Land, said:
"As well as a number of significant additions to the retail
line up over the last 12 months, Meadowhall's dining offer
has been transformed and Carluccio's is the final piece in
the £7 million Oasis Dining Quarter redevelopment.
"Customers now have even more choice, we have created a new
high quality destination and the impact of this proactive
asset management has been immediate, with dwell times,
retail and catering spend per head all increasing."
Simon Kossoff, CEO of Carluccio's, added: "We are pleased
to have secured a presence at Meadowhall. The combination
of high footfall and customer profile mean that that our
all day dining concept should be well received".
The redevelopment of Meadowhall's food court has
created two distinct dining areas. The upper level
provides a comprehensive casual dining offer whilst the
lower level focuses on kiosk operators centred around
communal seating in a high quality environment.
Davis Coffer Lyons, Smith Young and CBRE represented
Emma Hammond, FTI Consulting
020 7269 9347
Jackie Whitaker, Retail PR Manager, British Land
020 7467 3449
Notes to Editors:
About British Land
British Land is one of Europe's largest Real Estate
Investment Trusts (REITs) with total assets, owned or
managed, of £15.8 billion (British Land share £10.3
billion), as valued at 31 March 2012. Through our property
and finance expertise we attract experienced partners to
create properties and environments which are home to over
1,000 different organisations and visited by over 300
million people each year. Our property portfolio is focused
on prime retail locations and Central London offices which
attract high quality occupiers committed to long leases.
Our occupancy rate of 98.0% and average lease length to
first break of 11.3 years are among the highest of the
major UK REITs.
Retail assets account for 61% of our portfolio, over 80% of
which are located at prime out of town sites. Comprising
around 27 million sq ft of retail space across 90 retail
parks, 99 superstores, 12 shopping centres and 10
department stores, the retail portfolio is modern, flexible
and adaptable to a wide range of formats. Our
active asset management delivers space which is
attractive and meets the needs of both retailers and
London offices, located in the City and West End, comprise
34% of the portfolio (which will rise to an estimated 40%
on completion of current developments). Our 7 million sq ft
of high quality office space includes Broadgate, the
premier City office campus (50% share) and Regent's Place
in the West End. We have committed £1.2 billion to
create Central London's largest committed office
development programme which will deliver
2.3 million sq ft of high quality space by 2014,
including a 700,000 sq ft building at 5 Broadgate, the
610,000 sq ft Leadenhall Building in London's
insurance district and a 500,000 sq ft mixed office and
residential scheme at Regent's Place in the West End.
Our size and substance demands a responsible approach to
business and we focus on five areas which matter most to us
and our key stakeholders: managing buildings efficiently;
developing sustainable buildings; enhancing biodiversity;
exceeding customers' expectations and focusing on local
communities. We believe leadership on issues such as
sustainability helps drive our performance and is core to
our corporate vision of building the best REIT in Europe.
Further details can be found on the British Land website at
About London & Stamford
London & Stamford Property Plc was set up to exploit
opportunities that it anticipated in the UK property cycle
and is a group UK-REIT. The Company has a highly
experienced management team and invests in and actively
manages commercial property, including office, retail,
residential and distribution real estate assets,
principally in the UK.
The Company is traded on the London Stock Exchange's
Main Market (LSP.L) and is authorised by the FSA to carry
out certain regulated activities.
Further information on the Company is available from the
Company's website: www.londonandstamford.com.