Helmsley Group, the York-based property specialist, has confirmed a letting to Rosa’s Thai Café at 1-3 Coney Street, subject to planning.
The restaurant chain, renowned as “the home of modern Thai food”, will occupy 4,782 sq ft of space within the unit, which formerly housed Joe’s Kitchen.
In May 2021, Helmsley Group purchased several units on Coney Street, including units 1-3, from M&G, the London based asset management company. At the time of purchase, the group described the purchase as an example of an ongoing shift within property ownership as it moves out of the hands of remote London funds and into the hands of local developers.
Launched in 2006 in a market stall on Brick Lane, London, Rosa’s Thai Café now boasts restaurants in 30 locations, the majority of which are in the capital.
Ed Harrowsmith, syndicated property director at The Helmsley Group, said: “We’re really pleased to have secured a prime letting to Rosa’s Thai Café, which has chosen Coney Street as the launch site of one of its few outlets outside London. This is a positive endorsement for the city and the letting forms part of our ongoing strategy to regenerate Coney Street, cementing a positive future for York’s retail and leisure offering, and helping the city to ’build back better’ following the impact of Covid-19.”
He added: “As one of York’s longest-serving and most well-known property companies, we have a responsibility to support the city’s built environment, community and economy, which includes creating resilient, diverse high streets that are attractive to both local people and visitors.”
Property investment and development specialist, Helmsley Group, has purchased Victoria Court in Wetherby in a multi-million pound deal.
York-based Helmsley Group, which offers syndicated investment opportunities on behalf of its network of high-net worth sophisticated investors and family offices, purchased the property from a family investment trust.
Occupied by an M&S Food store, popular restaurant Bengal Brasserie and 24 residential apartments, the property is located in the heart of Yorkshire’s affluent ‘Golden Triangle’.
Commenting on the purchase Ed Harrowsmith, investment director at Helmsley Group, said: “We’re delighted to have completed the purchase of Victoria Court, further diversifying our portfolio across Yorkshire and offering a prime and secure opportunity on behalf of our investors in a robust, affluent location.
“The food sector has proven to be extremely resilient, despite the challenges presented by the pandemic. This is evidenced by the ongoing strong performance of both M&S Food and Bengal Brasserie at Victoria Court, which sits at the heart of the prosperous town of Wetherby.
“We anticipate that both will continue to deliver significant future yields and provide new and existing investors with the potential for a secure income during a period of low interest rates. In addition, the unit’s 24 apartments are fully occupied and provide a thriving residential community. We are currently exploring other investment opportunities across the region on behalf of our clients.”
James Bradley at Langleys Solicitors and James Yates at Avison Young acted for Helmsley on the purchase. Cushman & Wakefield acted on behalf of the seller.
James Bradley, partner at Langleys Solicitors, said: “We’ve worked collaboratively with Helmsley Group for a number of years and are pleased to have helped secure another prime investment opportunity on behalf of its investors.
“The purchase of this popular location evidences that despite ongoing economic uncertainty, property continues to be a solid investment with the potential to generate significant returns.”
To find out more about investment opportunities with the Helmsley Group, please email email@example.com.