Clydebuilt II Limited Partnership (CLP II), a joint venture between Ediston and Strathclyde Pension Fund, has let a 5,985 sq ft unit at 203 Argyle Street in Glasgow to Chinese inspired restaurant brand Chopstix.
Chopstix has signed a 15-year lease on the basement, ground and three upper floors at the location, which is known as ‘Four Corners’, for its fifth site in the Glasgow.
CLP II is investing significantly in the property, replacing the original 1960’s cladding, along with other upgrades and improvements, to create a building more befitting of its prominent city centre location.
Julie Edwin, director of asset management at Ediston, said: “Securing this letting is another important milestone for our asset and reflects the continued demand for well-located city centre space. Alongside welcoming a strong new occupier to the building, the comprehensive re-cladding works will significantly enhance the appearance and presence of the property, delivering a more contemporary finish that will rejuvenate this prominent corner block and reinforce its long-term appeal within the city centre.”
Sam Shaw, head of property at Chopstix, added: “Glasgow has always been a fantastic city for Chopstix, and we are thrilled to be strengthening our presence here with this new flagship site. The Argyle Street location benefits from a massive catchment area and a vibrant, diverse demographic that aligns perfectly with our brand.
“We’ve seen incredible demand at Sauchiehall Street and St Enoch Square, and we can’t wait to open our doors on the ‘Four Corners’ to serve even more of the city’s residents, students, and visitors. Thank you to all parties that helped to secure such a remarkable location, this is a real milestone in the growth trajectory of Chopstix.”
Stuart Moncur, head of national retail at Savills, which alongside Sims Property Consultants jointly advised Ediston, said: “This is the third Chopstix restaurant in Glasgow city centre and adds to the growth of Argyle Street as a leisure destination. The city has a large catchment population and a diverse demographic, including a strong student population, making it an ideal location for food and beverage operators.”
