Overseas buyer snaps up the Trocadero’s Rex Club

By Becky Paskin

- Last updated on GMT

Related tags: Davis coffer lyons, Renting, Landlord

KPIP hopes to revitalise the Trocadero centre in London's Piccadilly
KPIP hopes to revitalise the Trocadero centre in London's Piccadilly
An overseas operator has acquired the lease for the former Rex Club at London’s Trocadero centre, and intends to launch a new high-end bar/restaurant at the site.

KPIP, which had been searching for a Lodnon opportunity for some time, has secured the lease from landlord Criterion Capital for an undisclosed sum, although rental offers were sought in the region of £750k per annum for the 11,000sqft venue, which also has a 3am license.

Jonathan Moradoff of Davis Coffer Lyons, who advised Criterion Capital on the deal, said the new operator would help revitalise the Trocadero, which also currently features the Rainforest Café, Ed’s Easy Diner, YO! Sushi, Starbucks, Cinnabon and Millie’s Cookies.

“This new venture, together with other new schemes coming through in the vicinity will give a new life to the Trocadero, and make it once again become a world class leisure destination,” he said.

“Although in the heart of London’s club land with hundreds of thousands of people passing by every day, the area has been crying out for a new, more sophisticated premier leisure destination and this will provide it with a venue to rival other successful late-night operations in Mayfair.”

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