Cardiff night scene continues to grow with retro gaming bar
A Bristol-based gaming bar is the latest establishment to take over a formerly redundant site in Cardiff, following a property acquisition in the city centre.
Kongs, which currently operates out of its King Street venue in Bristol, has acquired the former Greene King venue on St Mary Street, which has been empty since 2014.
The 10,000 sq ft unit benefits from entrances onto Guildhall Place and St Mary Street.
The new bar, Kongs Cardiff, will use its popular trading format and high quality, quirky shop fit, after proving successful in its current location.
The venue will include ping pong tables, arcade games from the 80s and 90s, including Donkey Kong, Street Fighter 2 and Pac Man, along with table foosball. Additionally, the operation will bring 15 new jobs into the area.
Max Pioli, Co-Founder of Tivoli Inns, owner of the Kongs brand, said: “Following our opening in Bristol, Cardiff was always going to be our next target location. We thought long and hard about where best to locate, and are delighted with our decision to take our venue to The Castle Quarter.
“The area is already attractive to many, with tourists, and local media, foodie and arts fans visiting the independent venues and craft breweries nearby. We are confident that this is the correct location for Kongs Cardiff.
“We are well underway with our re-fit of the unit, and as we hoped, we are finding fantastic old features. These will be kept and enhanced as part of the relaxed, inclusive environment we seek to create.”
Commercial property specialist EJ Hales acted for Kongs in acquiring the venue.
Phil Morris, partner at EJ Hales, said: “As soon as we understood the nature of this requirement, we felt a unit within the Westgate and St Mary Street area would be ideal. This section of Cardiff, which is now being promoted as The Castle Quarter, is proving a highly sought after location. It is a popular choice, particularly for operators with more alternative, independent brands.
“Kongs will fit in well with other recent openings in the area, including Chai Street, Bar 44, Small Bar and Tiny Rebel.”
The precise commercial terms of the transaction remain confidential, but it is understood that Kongs has taken a sub-lease from Greene King, which has an historical interest in the building.
The Kongs deal follows a string of new openings facilitated by EJ Hales, including London-based cocktail bar Dirty Martini on St Mary Street, Small Bar, the independent brewer from Bristol, which has opened on Church Street, and Indian street food café Chai Street’s on High Street.
Co-operative and Greggs announce new stores in Porthcawl
The Co-operative and Greggs have announced new retail outlets in Porthcawl.
The Co-operative has agreed a 15 year lease for £80,000 for a 4,000 sq ft unit, while Greggs has agreed a ten year lease for £20,000 for a 973 sq ft store.
Both retailers will be based on the ground floor of a 30,000 sq ft development located on New Road, Porthcawl at the entrance to one of Europe’s biggest caravan parks – Trecco Bay.
The Co-operative opened Friday 4th December, creating 23 jobs, and Greggs has also started trading, creating eight new jobs.
40 residential units are also being developed on the upper floor and to the rear of the property for Wales and West Housing Association.
Leisure and retail property specialist EJ Hales acted on purchasing the site on behalf of South-Wales based Jehu Group and subsequently agreed terms with Greggs and The Co-operative.
Matthew Morgan, partner at EJ Hales, said: “It’s great to see these sites now having a new lease of life and creating employment opportunities for local people. Jehu Group chose the perfect location for the development as Trecco Bay has become a hugely popular site with both the local residents and tourists following its re-development.
“There is also limited competition in the area, which helped create a highly competitive bidding process amongst perspective tenants.
“We were pleased to be appointed by Jehu Group to help secure the building and tenants. The Jehu Group is well-known for their experience and for delivering quality projects of this type which meant both the Co-operative and Greggs were keen to work with them.”
Simon Jehu of Jehu Group, said: “We’re delighted to have secured the Co-operative and Greggs for our new development.
“New Road is the perfect location for both stores and it is an exciting time for the town as it will be undergoing further development in the near future.
“We’re also delighted to provide Wales and West Housing Association with 40 residential units. The total value of the development was in the region of £5.5m representing significant investment and creating more than £15m of economic activity.
“We’d like to thank EJ Hales, who we have worked with us on several projects in the past, for their expertise and efforts in securing the positive long-term leases.
“We hope local residents will support the new outlets and we are sure the stores will have great success.”
EJ Hales has been at the forefront of the South Wales commercial property market for over 80 years. It has built an enviable reputation within the retail and leisure commercial property marketplace. In the last year the company has advised on a number of high profile deals spanning the breadth of the country for clients including Tesco, Specsavers, Argos, Next and Subway.
Jehu Group of Companies has a heritage of creating quality projects in the property industry spanning more than 80 years. Group clients include Tesco, Whitbread, Travelodge, ASDA, British Airways, McDonalds, Halfords, KFC and Royal Mail.
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