Carluccio’s is set to open in the Scottish capital in early 2018 after acquiring premises at South St Andrew Square
Italian restaurant chain Carluccio’s is set to open its first Edinburgh restaurant after acquiring new retail premises in The Mint Building at South St Andrew Square.
The new restaurant is due to open in February 2018 – with Carluccio’s occupying the ground floor and basement (totalling 4,439sq ft) of the building on a 25-year lease.
The deal was facilitated jointly by Savills and Kelion Sworn, with the premises aquired from the Chris Stewart Group.
Estelle Forrester, director in the retail team at Savills Scotland, said: “It was important we found the right premises for the first Carluccio’s restaurant in Edinburgh and as a result the process has taken time.
“With the significant regeneration underway at St Andrew Square and a number of national leisure operators already confirmed for the area we are confident that this site will serve our client well – benefiting from strong footfall and close proximity to the main shopping streets and business locations, the train station and York Place tram stop.”
According to Savills ‘Casual Dining in the UK 2016’ report, gradual change in food culture, particularly since the recession, means consumers are eating out more and this is creating new opportunities for further casual dining growth across the country.
The research shows the five formats expected to be most successful over the next five years include premium fast food, all day and flexible formats, street food and pop ups, premium casual dining and third party delivery services.
Carluccio’s is actively looking for more sites in Edinburgh and Savills is solely retained on all future acquisitions in Scotland.
Chris Stewart Group was advised by Cushman and Wakefield.