Trio of leases signed at Birmingham’s Star City complex

A trio of new leases have been signed at Star City, the family leisure entertainment complex in Birmingham.

Adventure golf brand Jungle Rumble is among the newest additions at the 410,000 sq ft leisure-led mixed-use complex.

Jungle Rumble, which offers food and a bar alongside adventure golf, has taken 13,407 sq ft of space on a 15-year lease.

Childrens indoor soft play operator Monster Mayhem has also recently extended its lease on the 8,947 sq ft unit it already occupies for an additional 10 years.

In addition, Zauq Buffet, the Southern Asian fine dining buffet restaurant, has renewed its lease with a new 15-year term on 5,460 sq ft, reinforcing the existing vibrant mix of dining concepts available at Star City.

In August it was announced that Capital Karts had leased 40,000 sq ft at the complex to create the longest and fastest e-kart track in the Midlands, with further new lettings also secured to Taco Bell and Indian street food specialist Chaiiwala.

Since advising on its purchase in late 2016 on behalf of funds managed by a US-based global alternative asset manager, Quadrant has radically overhauled the Star City scheme with a re-branding and repurposing of key areas. Long-term leases with anchor tenants, Vue and Tenpin, have been successfully re-geared, while new tenants secured in addition to the recent lettings include active entertainment brand Gravity and Costa Coffee. The WAULT has been increased and now stands at c. 13.4 years.

Earlier this year, and as part of a longer term potential, Quadrant received planning consent for a new 100,000 sq ft logistics unit and a new 4,000 sq ft drive-thru restaurant at Star City.

A refinancing has recently been concluded with a leading UK commercial bank thanks to the attractive in place income stream and leasing strategy.

John Maddison, partner at Quadrant, said: “The long leases being signed with innovative leisure brands at Star City are testament to its reputation as one of the leading entertainment destinations in the Midlands. The unique and growing mix of attractions here continue to increase footfall, which explains why so many leading leisure operators want to be part of Star City.”

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