Rice takes restaurant unit at M2’s The Quad

16 March 2009 13:46 Comments (0)

M2 Quadrangle has let Unit 4 at The Quad, south of Manchester city centre, to M&M Manchester, trading as Rice Flame Bar & Grill.

Rice has agreed a 15-year lease on the store totalling 3,605 sq ft and will pay an annual rent of £52,500.

Savills advised M2 Quadrangle. M&M Manchester was represented by Cushman & Wakefield.

An additional £100m package from Barclays, HSBC UK, Lloyds, NatWest and Santander UK has taken the group’s total facilities to £580m.

Bringing in more than £325,000 in rent per year, the 27-apartment asset on the upper floors of 25 Cross Street is being marketed by LSH.

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