GHS Limited Partnership Secures New Signature Restaurant At Hanover Square Development
LONDON (dpa-AFX) - The GHS Limited Partnership (GHS), one of Great Portland Estates plc s joint ventures, announced that it has let the 9,350 sq ft restaurant in Grade II listed 20 Hanover Square, W1, to Colonial Property Co., for a New England inspired concept across three floors of dining and social gathering.
GHS Limited noted that Colonial has agreed a 20-year lease at an initial minimum rent of £600,000 per annum, plus a turnover top-up. Further, Colonial received a 24 month rent free, plus a landlord contribution of £600,000, paid following completion of the fit-out.