LGP adds Frankie & Benny's to the mix at St Stephen's Place Leisure Park, Trowbridge.
25 October 2013
Legal & General Property (LGP), on behalf of its UK Property Unit Trust, is pleased to announce that it has secured a pre-let to The Restaurant Group to open a Frankie & Benny’s restaurant at St Stephen’s Place Leisure Park in Trowbridge town centre.
One of the most popular family restaurant brands in the UK today, Frankie & Benny’s will take 4,020 sq ft on a 25 year lease. The American-Italian style chain has a 1950’s inspired New York theme and counts char-grilled burgers, steaks, pizza, and pasta amongst its most popular dishes, as well as house specialities such as chicken parmigiana, BBQ ribs and seafood dishes.
Joining a strong line up of Nando’s, Prezzo, ODEON and Premier Inn, Frankie & Benny’s is the latest pre-let to have been announced at St Stephens Place Leisure Park, which is set to be a first-class leisure destination. The news comes the same week that ODEON opens its doors to the public, coinciding with Autumn half term and the Trowbridge Arts Festival.
Nando’s, Prezzo and Premier Inn are all due to open over the course of November, while Frankie & Benny’s will launch in February 2014.
Tim Russell, Senior Asset Manager at Legal & General Property, commented: “With a strong focus on the quality and range of operators that we add to the line up at St Stephen’s Place Leisure Park, we are pleased to welcome one of The Restaurant Group’s principal brands, which we feel complements Nando’s and Prezzo in offering a highly popular, family-focused dining option. Another exciting new entrant to the town, Frankie & Benny’s should form a real draw and allows the people of Trowbridge to look to their own town centre to satisfy their leisure needs, as well as attracting visitors from the wider local catchment area into the town. Having not had a cinema for 30 years we’re delighted to be opening the ODEON cinema this week which is a further milestone in the transformation of Trowbridge town centre.”
Savills and Alder King acted for Legal & General Property. Wareing & Partners advised The Restaurant Group.
Notes to editors
Legal & General Property
Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages approximately £433bn in assets on behalf of more than 3,100 clients (30 June 2013) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £11bn as at 30 June 2013. These funds include:
Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; Arlington Business Parks Partnership; and the English Cities Fund
Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property Income Fund; LPI Income Property Fund and the Hybrid Property Fund.
LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability. LGP’s sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering West End landmark building, Central Saint Giles, and Agar Street, its high profile Covent Garden office scheme, amongst others, and is currently involved in bringing forward a number of significant town-centre retail and leisure regeneration projects, including Bracknell, Trowbridge, Northampton and Eastbourne.
Legal & General Property Limited. Registered address: One Coleman Street, London EC2R 5AA. Registered in England 2091897.
For more information please contact:
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)
t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279
About Legal & General
Legal & General Property Limited.
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.