{"id":165464,"date":"2021-07-26T07:41:12","date_gmt":"2021-07-26T07:41:12","guid":{"rendered":"https:\/\/www.theindustry.fashion\/leicester-square-seeking-new-flagship-tenant-as-burger-king-corner-undergoes-100m-revamp\/"},"modified":"2021-09-11T14:11:08","modified_gmt":"2021-09-11T14:11:08","slug":"leicester-square-seeking-new-flagship-tenant-as-burger-king-corner-undergoes-100m-revamp","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/leicester-square-seeking-new-flagship-tenant-as-burger-king-corner-undergoes-100m-revamp\/","title":{"rendered":"Leicester Square seeking new flagship tenant as \"Burger King Corner\" undergoes \u00a3100m revamp"},"content":{"rendered":"<p>Property developers are set to spend \u00a3100m <strong>transforming the north-east corner of London\u2019s Leicester Square<\/strong> and are seeking a new flagship tenant for one of the capital's most high profile sites.<\/p>\n<p><!--more--><\/p>\n<p>The corner currently houses a <strong>Zoo Bar, Burger King, Pizza Hut and Chiquito,<\/strong> alongside offices.<\/p>\n<p>However owner Soho Estates has appointed commercial property adviser Colliers to find a new tenant to<strong> turn the site into a new \u201cdestination\u201d in the famous square,<\/strong> best known for hosting red carpet movie premieres.<\/p>\n<p>The site sits next door to the Odeon cinema \u2013 which hosts its fair share of premieres \u2013 and its owners is hoping to find the next M&amp;Ms World or Lego flagship (the Square's other flagship destinations) to fill the space.<\/p>\n<p>Philip Thompson from Soho Estates said: \u201cAs a long-term investor in the West End, <strong>we are committed to leaving our legacy in Leicester Square by attracting a quality brand<\/strong> which will have broad appeal to the area\u2019s visitors.<\/p>\n<p>\u201cAs with our Soho developments at Greek Street and\u00a0Dean Street with Soho House and Warner Bros at Illona Rose House, we are <strong>looking to secure a long-term partnership with a global brand<\/strong> and build a bespoke new property to suit their needs, which we hope will become synonymous with the area.\u201d<\/p>\n<p>Soho Estates has already discussed its plans with the local planning authority and <strong>believes there is an opportunity to create up to 200,000sq ft of space over multiple levels,<\/strong> after it received vacant possession of the site from the office occupiers above as well as the bars and restaurants on the ground floors in 2025.<\/p>\n<p>Ross Kirton, head of leisure agency at Colliers, said: \u201cLeicester Square is known globally and this is a <strong>once-in-a-lifetime opportunity to secure such a prime location<\/strong> and partner with a landlord that wants to create a development that is bespoke to an occupier\u2019s needs.<\/p>\n<p>\u201cWe\u2019re looking specifically for a leisure anchor tenant for the site, but there are <strong>likely to be several opportunities within the wider development<\/strong> as the plans evolve.\u201d<\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-144088 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Daily-Newsletter-Banner.png\" alt=\"Newsletter banner\" width=\"1680\" height=\"268\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property developers are set to spend \u00a3100m transforming the north-east corner of London\u2019s Leicester Square and are seeking a new flagship tenant for one of the capital's most high profile sites.<\/p>\n","protected":false},"author":68,"featured_media":157184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,20823,10494],"tags":[14258,18888,9786,18889],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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