Queensberry Real Estate has announced that five restaurants have signed onto its major Friars Walk development in Newport, which is due to open in November 2015. The five restaurants, Prezzo, Nandos, Cosmo, Frankie & Benny’s and Chiquito have collectively exchanged on over 25,000 sq. ft. at the scheme.
The restaurants join Next, Topshop, Debenhams and Cineworld who have already committed to Friars Walk. The deals demonstrate the growing confidence in Newport, with Friars Walk being part of ambitious plans by Newport to become a centre for economic growth in South East Wales.
Queensberry Real Estate was chosen by Newport City Council to rejuvenate the city centre with a modern shopping centre that integrates in to Newport’s existing retail fabric. Friars Walk will bring more than 390,000 sq. ft. of modern, well-configured retail and leisure space, creating more than 1,100 jobs. It will include 35 retail units, 10 restaurants, 360 parking spaces and a major new bus station and interchange. Demolition of the site will begin at the end of this month with construction due to start shortly after.
Stuart Harris, head of leasing at Queensberry, commented, “These five family restaurants are another great addition to our line up at Friars Walk, they all see the huge potential in a rejuvenated Newport. We have three of the remaining six restaurants under offer and deals agreed with a number of exciting fashion retailers. We are very proud to be so closely involved with the growth of Newport at such an exciting time for the city.”