The self-contained workspace will become home to Pizza Express’ innovation centre, running a Central London based test kitchen for developing new menus and supermarket products.
Charlotte Mews was an interesting task because the condition was, at our clients’ own admission, underwhelming.
Our Client, OLIVER GROUP, had inherited the space when they purchased another business and the space was only ever used for overflow space prior to the company acquisition. Fortunately, Pizza Express saw the potential for creating something special for pizza innovation, within a secure Mews building, allowing them to develop their brand with minimal disturbance, whilst being located close to their head offices on Charlotte Street.
The transaction involved was a little complicated than normal, involving a surrender of the existing lease, with a brand new lease agreed with the Landlord, subject to obtaining planning permission for extraction as well as gas being installed into the building.
“Where most agents may have turned away the idea on the spot, for us Pizza Express’ innovation centre was intriguing and offered an interest solution to a space that lacked typically sought-after office features, particularly given the lack of natural light within the space. Working with the property team at Pizza Express, we negotiated terms that suited all parties, particularly our own client, who was removed from any future liabilities through surrender” – Daniel Castle – Partner of LDG.
Fitzrovia is home to many innovating businesses, with a strong and influencing tech sector within the neighbourhood, however a pizza innovation centre is certainly one of the more unique workspace uses that we have had the pleasure of transacting with.
We would like to wish Pizza Express’ innovation team the best of luck at their new home and we look forward to trying their menus of the future when they hit the restaurants!