<\/p>\n
An artist\u2019s impression of the new Chopstix outlet<\/p>\n
Chopstix, a China-inspired restaurant brand, will open a flagship outlet at a prominent site in Glasgow city centre, as the rate of openings defies concerns in the sector.<\/p>\n
It has signed a 15-year lease over the basement, ground and three upper floors at 203 Argyle Street in Glasgow, known locally as \u2018Four Corners\u2019.<\/p>\n
It will be the company\u2019s fifth outlet in Glasgow, joining Sauchiehall Steet, St Enoch Square, Braehead and Silverburn.<\/p>\n
Savills has advised landlord Clydebuilt II Limited Partnership (CLP II), a joint venture between Ediston and Strathclyde Pension Fund.<\/p>\n
CLP II is investing significantly in the property, replacing the original 1960s cladding, along with other upgrades and improvements, to create a building more befitting of its prominent city centre location.<\/p>\n
It is the latest opening in Glasgow city centre that defies hospitality sector concerns of more closures on the back of higher costs. <\/p>\n
Research by Savills shows that there were 38 openings last year totalling 87,000 sq ft, the highest volume since 2018. A quarter of the transactions involved national or international brands, compared to only 10% in 2024.<\/p>\n
Following a strategic investment in the brand from leading European quick-service restaurant platform QSRP in October 2024, Chopstix has set out to accelerate growth across the UK and Europe.<\/p>\n
Partnerships with trusted businesses, such as Savills, are viewed as critical in achieving its ambitious expansion plans, as the brand targets high-traffic sites such as Argyle Street that benefit from substantial consumer spending.<\/p>\n
Stuart Moncur, head of national retail at Savills, comments: \u201cThe city has a large catchment population and a diverse demographic, including a strong student population, making it an ideal location for food and beverage operators.\u201d<\/p>\n
Julie Edwin, director of asset management at Ediston added: \u201cSecuring this letting is another important milestone for our asset and reflects the continued demand for well-located city centre space.<\/p>\n
\u201cAlongside welcoming a strong new occupier to the building, the comprehensive recladding works will significantly enhance the appearance and presence of the property, delivering a more contemporary finish that will rejuvenate this prominent corner block and reinforce its long-term appeal within the city centre.\u201d<\/p>\n
Sam Shaw, head of property, Chopstix, added: \u201cGlasgow has always been a fantastic city for Chopstix, and we are thrilled to be strengthening our presence here with this new flagship site.<\/p>\n
\u201cThe Argyle Street location benefits from a massive catchment area and a vibrant, diverse demographic that aligns perfectly with our brand. <\/p>\n
\u201cWe\u2019ve seen incredible demand at Sauchiehall Street and St Enoch Square, and we can\u2019t wait to open our doors on the \u2018Four Corners\u2019 to serve even more of the city\u2019s residents, students, and visitors.\u201d<\/p>\n
\t #Chopstixs #outlet #defies #hospitality #concerns #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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