July 2016

COSTAR.CO.UK

Richard Caring’s restaurant empire Caprice Holdings has confirmed plans to open a new offshoot of The Ivy restaurant at Great Portland Estates’ 30 Broadwick Street development in Soho.

The owner of Sexy Fish, Daphne’s and J Sheekey said the Ivy Collection has entered into the planning process to secure a restaurant space as part of the West End scheme, which sits on the corner of Poland Street.

It has agreed a rent of £658,000 per annum.

The ground floor brasserie-style restaurant, set over 7,500 sq ft, will feature a café lounge area, dining bar, main restaurant and private dining room.

The site, which is expected to open in December, follows the launch of The Ivy Café Wimbledon last month and The Ivy Kensington Brasserie on High Street Kensington in December last year.

Other branches of the original West End restaurant are located in Marylebone, Covent Garden, Wimbledon, and Chelsea. It is also expanding outside of London, with a site in Bristol called The Ivy Clifton Brasserie due to open in August.

GPE bought the site at 26 to 34 Broadwick Street, formerly known as St Lawrence House, in 2004 from Capital and City for £73.73m.

The building has been demolished to make way for a 91,800 sq ft office and retail scheme, which is due to complete in September.

Colliers and Edward Charles & Partners are acting office leasing agents for GPE while Nash Bond and BGP are advising on retail and leisure.

By Kasmira Jefford