Ignis Real Estate has let a major restaurant property on London’s Kensington High Street to YO! Sushi.
The chain - which specialises in ‘fast, fresh and fun Japanese food’- is to occupy the 4,400 sq ft 176-206 Kensington High Street which is located at the junction with Phillimore Gardens.
YO! Sushi has taken a new 20-year lease and received three-months rent-free plus a capital contribution to the fit-out. The asking rent for the unit was £250,000pa. Colliers International advised Ignis Real Estate on the letting while Lunson Mitchenall acted for YO! Sushi.
Charlotte Brunt of Colliers International comments: “This is a significant letting for this stretch of Kensington High Street. YO! Sushi is a very strong food offer and a significant driver of footfall”. Founded in 1997, YO! Sushi brought the concept of a Japanese ‘kaiten’ sushi bar that delivered food to customers via a conveyor belt travelling at 8cm per second to the UK.
Today, it has over 70 restaurants worldwide which serve more than 5m diners each year.
Source: Briant Chamption Long http://www.briantchampionlong.co.uk/news/26th-February-2014-YO-say-yes-to-Kensington-High-Street-Sushi-seller-to-occupy-major-restaurant.html#sthash.9zza3KXS.dpuf