Press releases

LGP Adds Dean's Dinner to the Mix at St Stephen's Place Leisure Park.

22 April 2014

Legal & General Property (LGP) is pleased to announce that it has exchanged contracts on the letting of a further restaurant unit at its Trowbridge town centre leisure development, St Stephens Place Leisure Park, to American restaurant, Dean’s Diner.

Dean’s Diner will occupy a 2,600 sq ft unit on a 25-year lease.  A popular 1950’s style American diner concept first launched by restaurant operator Richoux Group Chatham in July 2010, Dean's Diner in Trowbridge will offer an exciting new eating experience and marks the sixth branch to open in the South of England. Enhanced by a retro jukebox, menu choices range from classic hamburgers, hot dogs and milkshakes through to house specials such as Dean's All Day Brunch. And, for the more health-conscious, there will be great salads and tortilla wraps available.

Joining a strong line-up of Nando’s, Prezzo, Frankie & Benny’s, ODEON and Premier Inn, Dean’s Diner is the latest letting to have been secured at St Stephens Place Leisure Park, which launched at the end of last year.  An award-winning town centre leisure development, last month the leisure scheme picked up the Town Enhancement Award at the Trowbridge’s annual Civic and Town Enhancement Awards ceremony, which was presented at the Mayor’s Civic Dinner.

Tim Russell, Senior Asset Manager at Legal & General Property, commented:  “Due to open in July this year, we are excited to welcome to St Stephen’s Place one of the UK’s newest restaurant brands, which we feel complements Nando’s, Frankie & Benny’s and Prezzo in offering yet another family-orientated, affordable yet high quality, dining option.  With on-going discussions taking place behind the scenes with a number of other popular restaurant operators, we expect to announce the final lettings shortly.”

Edward Standring, Managing Director of Richoux Group, said:  “Popular with all ages, our Dean’s Diner concept has already proved a huge success as a relative newcomer to the UK’s restaurant scene and will continue its wider expansion plans.  Providing an all-day offer, from breakfast through to dinner, this vibrant 1950s-inspired American diner chain is the perfect accompaniment to an energetic centre of town leisure scheme.  We look forward to Trowbridge’s summer opening.”

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

Balanced Funds
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:

Olivia Goodall
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.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.