The team managing the Schroders Capital UK Real Estate Fund (SCREF) has agreed a 15-year lease with leading leisure operator, Bunkers, for a 11,281sq ft unit at The Brewery in Romford.
The letting takes the scheme close to 100 per cent occupancy, with the final vacant unit currently under offer, with lease completion set to take place early in the New Year. Bunkers expands The Brewery’s already expansive leisure offering and is indicative of the growing demand for prime retail space at the East London location, which was acquired by SCREF – alongside Zurich Investment Foundation Immobilien Europa Direkt – in 2022.
Bunkers, a crazy golf destination and a competitive socialising venue for all ages, are part of the Adventure Leisure Group which also operates Ninja Warrior UK, Mulligans and Sidcup Family Golf. Part of the wider Burhill Group, a major owner and operator of 22 golf courses, Adventure Leisure has 12 other locations across the UK, and is exploring sites in Ireland and other territories. Its rapid expansion comes as it looks to meet the growing demand for competitive leisure spaces in prime retail locations.
The arrival of Bunkers will add to the already strong F&B and leisure provision at the 21-acre, 530,006sq ft scheme, which is currently home to operators including a 16-cinema Vue Cinema, Namco, Zizzi, Pizza Express, McDonald’s, Starbucks and Costa Coffee. Last year, Schroders Capital’s team also announced 14,642sq ft of new lettings to tenants including Wagamama, Five Guys and Turtle Bay.
