Prezzo, Nandos, Cosmo, Frankie & Benny’s and Chiquito have collectively exchanged on over 25,000 sq.ft of space, which will include a total of 10 restaurants along with 35 retail units when it opens in November 2015.
“These five family restaurants are another great addition to our line up at Friars Walk,” said Stuart Harris, head of leasing at Queensberry. “They all see the huge potential in a rejuvenated Newport.
“We have three of the remaining six restaurants under offer and deals agreed with a number of exciting fashion retailers. We are very proud to be so closely involved with the growth of Newport at such an exciting time for the city.”
The restaurants join Next, Topshop, Debenhams and Cineworld who have already committed to Friars Walk. Queensberry Real Estate was chosen by Newport Council to rejuvenate the heart of Newport, with Friar’s Walk set to create 1,100 jobs. Demolition of the existing complex will begin next week, with construction due to start shortly after.
Leader of Newport City Council, Bob Bright, added: “These nationally recognised and highly popular restaurants have been long awaited in Newport. This is just the news we need to take us that one step closer to Newport having a 24/7 vibrant city centre.
“The redevelopment is attracting more and more big names, and like everyone else in Newport, the council is looking forward to this retail and leisure scheme coming to fruition.”
Friars Walk is part of ambitious plans by Newport Council; for the area to become ‘a centre for economic growth’ in South East Wales.
Just yesterday, BigHospitality reported that Wales’ hospitality and tourism industries are thriving, with many local operators reporting their busiest year to date and a number of major business investments giving a clear sign that buyers are returning to the market.
DTZ advised Queensberry Real Estate on the restaurant deals.