Soho a "hot spot" again
London's Soho is a "hot spot" in the leisure market again, after a spell out of favour, a property consultancy firm has claimed.
A succession of deals on Frith Street, London W1, has prompted Shelley Sandzer to make the suggestion.
Vince Power, founder of the Mean Fiddler empire, has been assigned the leasehold interest of the popular bar 6 Degrees while the leasehold interest of Bar Mera at 25 Frith Street has been assigned to Bar Rush.
Other deals include the sale of Vietnamese restaurant Saigon to Riverbond Limited and the purchase of the former Café Rouge sit by Gourmet Burger Kitchen.
Trevor Shelley, a partner at Shelley Sandzer, said: "Following these and other transactions this clearly shows that Soho is now back at the top of the 'hot spot' list following a short spell of being slightly out of favour.
"The volume of transactions which are being completed in this area clearly demonstrate a vibrant leisure market.
"There has been a steady increase in space under offer, with a range of new occupiers looking to invest. This augers well for the near future and gives us every reason to be confident on market prospects for the rest of the year."
However, Yaser Martini a director at Fleurets, said: "As far as I'm concerned Soho is as busy as it has ever been."
