Mexican restaurant chain Tortilla is set to open its first Nottingham restaurant, following a deal completed by commercial property consultancy Innes England.
The restaurant has signed up to a 15 year lease at £110,000 per annum at 18-20 Clumber Street, owned by Schroder Real Estate Investment Trust Limited (Schroder REIT), and is due to open later this year.
Commercial property agent Innes England, which has offices in Nottingham, Derby and Leicester, marketed the store jointly with agent JLL on behalf of client Schroder REIT following the departure of its previous tenant, mobile phone retailer Phones 4U, which had occupied the 2,357 sq ft unit.
Ben Taylor, head of retail agency at Innes England, who handled the deal, said: “We worked closely with our client to make the most of this prime opportunity. A number of retailers were interested but Tortilla proved to be the best fit.”
“Clumber Street remains a prime and popular choice for retailers in Nottingham, linking intu Victoria Centre to the north with Old Market Square and Bridlesmith Gate to the south. Tortilla will be a great addition to the area’s offering, complementing a strong mix of well-known high street retailers including JD Sports, EE, Footasylum, and Sports Direct.”
Tortilla, founded by Californian restaurateur Brandon Stephens, opened its first restaurant in Islington in 2007. The business has since grown into a huge success story, first expanding around the capital with 18 branches, followed by openings in Brighton, Leeds, Liverpool and Southampton. Nottingham will soon to be added to the line-up selling its Californian-Mexican fusion food.
Rob Lucy, head of property acquisitions at Tortilla, said: “We are really excited to be opening Tortilla Nottingham later this year. Nottingham is one of the top retail destinations in the UK and this location is a key part of our growth strategy.
“We have a strong real estate portfolio across the UK and this latest high quality site will further enhance our position as the stand-out offer in the UK’s fast-growing Mexican market.”
“The decision-making process behind our businesses’ expansion and development is very strategic and Innes England’s overview of the market and analysis of Nottingham was of great assistance.”
Tortilla has already committed to a second Newcastle outlet at intu Victoria Centre’s catering quarter, which is due to be open for trade later this year.
