Prezzo brings Chimichanga to New Brighton

Neptune Investments has attracted Prezzo to take a second unit at Marine Point, leasing a 3,500 sq ft waterside unit for its Mexican restaurant brand Chimichanga.

Prezzo's eponymous Italian chain already operates next to the unit where Chimichanga will be based. The company has signed a 20-year lease at £18/sq ft for the second unit.

Danny Hynd, director of Neptune Investments, sister company of Neptune Developments which developed the seaside scheme, said: "All of the operators within the development are reporting very strong trade at Marine Point, despite the bad weather and the difficult economic climate. It tells us we've got the product right which is why Prezzo were happy to commit to bringing their Chimichanga brand to the scheme.

"We've only got two waterside units remaining and the rest of the development is trading strongly so we're enjoying firm interest in the last available space."

Trading at the scheme are The Light Cinemas, Greene King's Hungry Horse pub format, Starbucks and a 24,000 sq ft Grosvenor G Casino. There is also a Morrisons supermarket, Brooklyn Diner, Café Crème, a 66-bed Travelodge hotel and Home Bargains.

John Sullivan, co-owner of the Light Cinemas, said: "We set fairly ambitious spend targets because we know from other outlets that our cinemas out-perform the competition, but we've beaten even those forecasts. Marine Point has been a great move for us."

Hynd said that trading data shared with Neptune by the Floral Pavilion Theatre and the bowling alley on Marine Promenade also point to an uplift in trade in the area since the scheme opened.

Savills and Mowbray Gill are letting agents on Marine Point.