Iberica opening in Glasgow and Edinburgh
Spanish restaurant’s first move into Scotland
The company has taken 140 St Vincent Street over two floors of a former Turkish restaurant. It is also taking an outlet in a development under construction in Edinburgh.
Callum Mortimer, director in CBRE’s retail team, said: “It is great news that we have secured Iberica for its first unit in Scotland.
“It is a top quality operator that will appeal to the people of Glasgow. Based on the other outlets throughout the UK there is no doubt Iberica will make an excellent job of its fit-out in what is an interesting corner building.
“There is a notable lack of casual dining restaurant opportunities within Glasgow city centre at present for occupiers despite a number of live requirements.
“St Vincent Street and its surroundings has witnessed a huge surge in restaurant demand over the last two years or so largely due to its high footfall location, proximity to Buchanan Street and the fact it is underpinned by a substantial number of office workers. I am sure Iberica will find it to be fitting home.”
Iberica will also be opening in part of Standard Life Investment’s new St Andrew Square development in Edinburgh.
For the Glasgow letting CBRE represented the private client landlord whilst Iberica was unrepresented.
Iberica will occupy 4,000 sq ft over the ground and basement levels of the building on a 25 year FRI lease, paying a rental of £90,000 per annum.