Landsec secures Tim Hortons deals at three retail and leisure parks
Landsec has announced that Tim Hortons, the international restaurant group, has signed to take 9,874 sq ft of restaurant and drive-thru space across three retail and leisure parks – Boldon, Bentley Bridge, and Lakeside.
Tim Hortons first opened in Ontario, Canada in 1964, and has grown to become one of the largest restaurant groups in the world, with nearly 5,000 restaurants in 15 countries. The brand specialises in freshly brewed coffee, donuts, and freshly prepared meals throughout the day, and has agreed to take the former Pizza Hut units at the three Landsec retail and leisure parks, all set to open in later this year.
The Boldon restaurant, a first in the Northeast for Tim Hortons, will cover 3,185 sq ft, while the Bentley Bridge and Lakeside restaurants span 3,500 sq ft and 3,189 sq ft respectively, and are both only the second in their regions. Tim Hortons have also applied for planning on each of the three sites to create drive-thrus, which complements Landsec’s wider strategy for creating a more diverse offer within its retail and leisure parks.
Daniel Rabin, Portfolio Director at Landsec, says: “While there was a lot of interest in these three spaces, the Tim Hortons offer really stood out. They give us a point of difference – these three being either the first or second within their region – and their plans to incorporate drive-thrus is a clear statement of their commitment to all three places. We are working to bring exciting brands to our retail and leisure parks, to provide something new for our existing visitors, and draw more people in from within the catchment and further afield.”
Kevin Hydes, Chief Commercial Officer at Tim Hortons, says: “We are looking throughout the UK for new spaces to expand the Tim Hortons brand, and extend our community guest base in the country. These three deals allow us to roll-out our globally recognised brand in places that haven’t experienced it yet, and we look forward to welcoming people both in-store and through our drive-thrus in due course.”
Cushman & Wakefield, Pudney Shuttleworth, and Montagu Evans acted for Landsec. MMX Retail represented Tim Hortons.