AshbyCapital, the property investment management company, has let 3,100 sq ft at Kensington Arcade to casual Japanese noodle brand Marugame Udon.
Currently operating six restaurants in London, Marugame Udon’s new restaurant at Kensington Arcade is one of six new UK restaurants the noodle brand plans to open in the next six months, following the signing of a 10-year lease at Kensington Arcade. A household name in Japan Marugame Udon specialises in freshly made udon noodles, unhurried broths and fresh tempura. The noodle brand will join existing tenants including Pret A Manger, Leonidas and GAILS Bakery, and is expected to open on 22nd December.
Acquired by AshbyCapital in February 2019, Kensington Arcade comprises 26,000 sq ft of retail and offices that forms the entrance to High Street Kensington Underground Station, which has annual footfall of around 12 million people. The arcade contains 15 retail units, with three small office floors located above the main arcade.
Keith Bird, CEO at Marugame Udon, said: “With bold ambitions to become a household name in Europe, we are delighted to expand into Kensington Arcade. Having launched our first restaurant in the UK in 2021 we are pleased to continue bringing the udon way of life to all the Londoners, as we open our new Kensington restaurant before the end of 2022.”
In partnership with Janson Urban, AshbyCapital is embellishing the arcade through its recently completed development of The Kensington Building, a 130,000 sq ft office and retail development designed by Pilbrow & Partners.
As part of this new development, AshbyCapital has also created Wright’s Arcade, a new ground-level retail area that restores the historic street line and improves connectivity to the station. The surrounding public realm has been significantly improved to ensure the continuation of the thriving retail trade on this part of the high street, with the retail area on the ground floor and basement pre-let to Boots PLC, which opened earlier this year. 5,000 sq ft across four retail units remains available at Wright’s Arcade.
The agents for Kensington Arcade are Savills and Nash Bond; RAB Retail represented Marugame Udon.