Japanese Teppanyaki to open in Exchange Flags

Michael Hunt

UKLP Developments, a joint venture between UK Land & Property and Pochin, has let 6,200 sq ft of leisure space to restaurant operator Sakura.

The Japanese Teppanyaki, noodle and sushi restaurant, which already has a restaurant in Preston, will open on the ground floor in Walker House within Exchange Flags in Liverpool city centre.

Sakura has agreed a 15-year lease for an undisclosed sum.

The restaurant is undergoing a £500,000 fit out and, when complete, will offer external seating.

Newsagents, Exchange News has also signed up to 500 sq ft of retail accommodation in Exchange Flags on a 10-year lease for an undisclosed sum.

Ian Sherry, development director at UK Land & Property, said: "We wanted to find an operator that shared our vision and delivered the quality to match the existing offer at the Flags. As Sakura is an independent restaurant, the offer will not only be of a high quality, but also unique to the area. Exchange News will also take advantage of the high footfall at the Flags and compliment existing operators Coffee Republic and Philpotts."

David McDermott, owner of Sakura, said: "Exchange Flags is an impressive backdrop for our restaurant. Our aim is to create a European feel to the Flags by setting up external decking area with windbreakers and state of the art heaters and umbrellas, so diners can sit outside all year round comfortably whatever the weather. Our bar and stage area will be hosting some of the best singers and musicians from around the region and the restaurant we will be bringing in 15 master chefs hand picked from around the world to produce food of the highest standard. With the fit out well on the way we're looking forward to launching in January next year."

Andrea George, of Tushingham Moore, which represented UKLP, added: "With the first restaurant letting now secured, we are seeing the creation of a new leisure destination, which will serve the city's professional market by day, yet be frequented by people from around the region in the evening and at weekends. For the remaining two restaurant units, we are targeting national and independent operators, which will complement the existing offer."

Brabners Chaffe Street, Ministry of Defence, Deloittes, Knight Frank, Philpotts and Coffee Republic, are tenants already at Exchange Flags.

Sakura was unrepresented in the deal.

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Hopefully this will be visited by many diners as the restaurants in Liverpool One. It has been a long time coming and should be a fantastic addition to the city.

By James

Cant wait to see this open, will be great for business district to have a new restaurant

By Hungry

Bill Davies will be turning in his yacht. Whatever happened to a good old steak and ale pie and chips? Liverpool, you’ve changed.

By Tidy

Can’t wait for this to open. Just what we need in the Commercial District, somewhere to go for a fantastic Businessmans Lunch, and cocktails after work. Perhaps a discount card for local businesses would boost trade?

By Mima