Prime Retail have advised Italian fast food chain, Coco di Mama, on the acquisition of a further five new stores in the City of London and SW1.
In the City, they have acquired stores on Bow Lane, Cowcross Street and Coleman Street; and in SW1, stores on Victoria Street and Strutton Ground.
49 Bow Lane and 64-65 Cowcross Street are both former TM Lewin stores. An assignment of the lease at Cowcross Street was agreed, with the landlord on Bow Lane accepting a surrender and granting of a new lease to Coco Di Mama.
38 Coleman Street, EC2, owned by Legal & General, was secured on a new lease for a term of 10 years and forms part of a ground floor office conversion comprising of five new retail units.
As well as acquiring new stores in the City, the food chain has sealed further deals in SW1, in addition to their existing store at 2 Crown Passage, St. James.
The first being 139 Victoria Street, SW1, a former Scoff’s unit, which is the first Coco di Mama to open in the Victoria area. The property was let on a new lease for a term of 10 years from Land Securities.
Due to the success of Victoria Street, they have opened another store close by at 7 Strutton Ground (the former Chelsea Building Society). This unit is arranged over ground floor and basement totaling 900 sq ft.
Coco di Mama now trade from sixteen locations across Central London and are continuing to grow.