Queensberry Real Estate has confirmed a letting to Mission Burrito at its £110 million Friars Walk regeneration scheme in Newport, which launched last November. The restaurant will be the first to open in the upper level by the eight-screen Cineworld complex, and will join other the twelve other family restaurant brands on offer, which includes Le Bistro Pierre, GBK and Las Iguanas
Popular Mexican restaurant, Mission Burrito, is named after a type of burrito that first became popular during the 1960s in the Mission District of San Francisco, California. The brand has agreed to take a 660 sq ft store by USK plaza at the 390,000 sq ft retail and leisure destination on a 15 year lease. Having originated in the UK, the growing chain has other outlets in cities such as Bath, Birmingham, Bristol, Cardiff, Leicester, Oxford and Reading.
Chris Daly, Senior Leasing Manager at Queensberry Real Estate, said:
“We have worked hard to create a mix of restaurant operators that meets the demands of Newport’s existing customers, whilst attracting new visitors to the area. Key to this has been the creation of a complementary food offer, to improve the evening economy and support the wider leisure facilities on site at Cineworld and Superbowl and further afield in the City. Mission Burrito is a great concept and is well known for offering a fresh and quality product, we strongly believe it’s more casual grab-and-go offer will be a welcome addition to our already thriving catering line-up.”
A focal point of the comprehensive programme of regeneration underway in Newport, Friars Walk was made possible by a unique public-private partnership that saw Newport City Council provide Queensberry Real Estate with access to a loan to fund the scheme.
Having opened in November 2015, Friars Walk has attracted a host of new retail, dining and leisure names to Newport. These include the likes of H&M, Next and New Look and restaurants including Loungers, Nando’s and Wagamama. It is at the heart of the wider regeneration underway in the City and has already created 1,200 jobs in the new shops and restaurants worth an estimated £15 million a year in salaries to the local economy.
The letting agents for Friars Walk are Lunson Mitchenall and CBRE.