February 2019
GCW is working closely with restaurant client KFC on its expansion drive and has secured six restaurant openings in 2018 including Kingston, Hounslow, West Norwood and Chessington. They covered a variety of offers from high street, small box and drive-to restaurants.
The recent deals include a 2,947 sq ft unit in Deer Walk, Milton Keynes on a 15 year lease at £132,615 pa and a 4,000 sq ft restaurant on High Street, Watford on a 20 year lease at £140,000 pa, with 1,000 sq ft sub-let. Five further locations are also close to exchange.
“KFC is performing well and aspires to grow the portfolio from 900 to 1,200 restaurants in the UK over the next five years. We are pleased to be working with an expanding occupier and are confident it will continue to grow regardless of external factors” says GCW director Simon Horner.
KFC is keen to secure more drive-thru locations but where this is difficult, for example in London suburbs, will consider drive-to and small box offers.