UKCPT signs Indian buffet at Regent Circus

By Kasmira Jefford - Friday, September 08, 2017 9:32

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UK Commercial Property Trust Limited, advised by Standard Life Investments, has agreed a new 20 year FRI lease with popular Indian buffet restaurant Tiffins at Regent Circus in Swindon.

Tiffins will pay a rent of £132,000 per annum for a total of 7,700 sq ft across two units and is expected to open in November.

Regent Circus is a 97,000 sq ft family-orientated leisure development  anchored by a six-screen Cineworld and a 49,000 sq ft Morrisons supermarket, and also includes restaurant brands Prezzo, Gourmet Burger Kitchen, Nandos, ASK Italian and Coal Bar & Grill. Following this letting, Regent Circus has only one vacant 3,500 sq ft unit remaining.

Tiffins was first launched in 2008 in Cwmbram, Wales, and has since expanded to include locations in Newport, Wales and Taunton, Somerset.

Will Fulton, Fund Manager at Aberdeen Standard Investments, said: “This letting to Tiffins represented an opportunity to not only diversify Regent Circus’s strong line up of national restaurant operators, but also enhance the income profile of our portfolio through the leasing of void space to a good tenant at ERV. We look forward to introducing visitors to Tiffins’ exciting Indian dining experience in November.”

UKCPT were represented by R & C (UK) Limited and JLL.

kjefford@costar.co.uk

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