Leading commercial property consultancy, FHP has announced that it has secured the arrival of two popular London-based leisure brands for their first Midlands venues.
Established in 1990, FHP is one of the Midlands’ largest commercial property consultancies, .
The consultancy firm has completed a double deal that will bring trendy darts bar, The Flight Club and sourdough pizza chain, Franco Manca to Birmingham city centre for the first time.
Doug Tweedie, FHP Director and Head of Birmingham office, said: “I am delighted with both lettings to occupiers who are not only new to Birmingham city centre but represent firsts for the region. Despite a backdrop of recent negativity, Birmingham’s bar and restaurant scene continues to go from strength to strength and now genuinely competes at the highest level with other major UK cities.”
FHP has let three floors at 13 Temple Street to the social darts bar Flight Club, which made its name in London’s Shoreditch in 2015 offering darts action and serving high-quality food, cocktails, wines and beers.
Franco Manca will make its first move to Birmingham, and currently has more than 40 outlets across the UK, the sourdough pizza specialist has agreed to a 15-year lease at 19 Bennett’s Hill, the vacant former home of Nationwide Building Society, and will convert the site into a Neapolitan-inspired restaurant.
Providing more details on the deals, Doug added: “The Flight Club deal was a highly complicated transaction involving five different parties but having found a structure that works for everybody, I cannot wait to see it open this summer. Temple Street has transformed significantly over the last few years, and leisure rents have doubled, although we see no reason why rents should fall below the current tone given a shortage of supply and little let-up in demand. In addition, we saw a significant amount of interest in the Bennett’s Hill property, receiving over six offers. I have no doubt we picked the right operator in Franco Manca which will deliver a very high-quality product and fit-out.”
Featured Image: Doug Tweedie