CAPA has acquired a former restaurant property located in Victoria Gate, the shopping centre in the heart of Leeds, for the Wagyu Bar and Grill.
The previous CAU restaurant, part of the Argentinian dining chain that entered insolvency in July 2018, was acquired from Hammerson, the retail property developer and landlord at the £165m shopping arcade in central Leeds.
Opened in 2016 and anchored by a flagship John Lewis store – the largest outside London – Victoria Gate is the biggest premium retail and leisure venue in northern England. The centre hosts global brands such as Tommy Hilfiger, Russell & Bromley, Hackett and T2 as well as a stunning new casino.
Thanks to the acquisition led by CAPA director James Ratcliffe, which was secured at lower rent, Wagyu Bar and Grill will now feature as one of Victoria Gate’s high-end restaurants.
The business was established in early 2019 with the sole intention of developing restaurants throughout Yorkshire to share their outstanding beef products with the local community. The family-run restaurant already has venues in York and Harrogate, which were also acquired by James.
CAPA’s director said: “It has been fantastic working with the team at Wagyu once again. I am absolutely thrilled to have acquired such a prominent unit within one of the leading retail and leisure schemes in the country. Many thanks to our new landlord, Hammerson, for all their support throughout.”
With the prime ingredient sourced and reared at an established farm in Warter near Pocklington, outside York, Wagyu Bar and Grill serves steaks in a ‘gate to plate’ restaurant concept. The new venue brings this concept, along with the world-famous Japanese beef, to the heart of Leeds.
James added: “I have now successfully secured three fully-fitted restaurant units for Wagyu Bar and Grill, a former Strada, a former Jamie Oliver’s and now a former CAU at substantially lower rents than they were previously passing off.
“At CAPA we are proud to specialise in saving our clients money on their occupational property costs, be it pre lease during the initial acquisition, mid lease via consensual negotiation with the landlord, or on exit/lease surrender. For more information on how we can help your business please do not hesitate to get in touch.”
For more information contact James Ratcliffe on:
0207 224 7222