Standard Life Investments

Press Release

Three Square Meals For Edinburgh

13  November  2015

The Standard Life Investments Pooled Pension Property Fund has secured three more exciting international restaurants for its South St Andrew Square development, under construction in the centre of Edinburgh. South St Andrew Square is a joint venture between the Standard Life Investments Pooled Pension Property Fund and developer, Peveril Securities.

New York contemporary steakhouse and lounge concept STK Rebel, plus barbecue lobster shack Big Easy and Bombay style café Dishoom will all be opening their first restaurants outside of London. The three restaurants will join previously announced names – Drake & Morgan plus Busaba Earthai – to create a new leisure quarter in the city.

STK Rebel has agreed to a 25-year lease on a 7,150 sq ft unit in South St Andrew Square, on two floors. STK is The ONE Group’s signature brand, known for its vibe dining, lounge-like décor and resident DJ. The company chose Edinburgh for its first European STK Rebel restaurant, to complement recently announced Rebel locations in Denver, Austin, Miami and San Diego.

Barbecue and lobster shack, Big Easy, has signed on a 8,770 sq ft unit fronting on to St Andrew Square. The restaurant first opened on London’s Kings Road in 1993, inspired by the 19th century crab shacks and barbecue of the American gulf coast. It offers live music, a friendly atmosphere and hearty portions.

Bombay-style café, Dishoom is taking a 6,800 sq ft unit also facing the square. Dishoom serves Bombay breakfast, lunch, afternoon chai, plus dinner and tipples based on the legendary all day cafés of Bombay which were started in the early 1900s by Zoroastrian immigrants from Iran.

David Stewart, Fund Manager of the Standard Life Investments Pooled Pension Property Fund said:

David Stewart

“These lettings demonstrate the strong appeal of the South St Andrew Square development and Edinburgh as a destination for international restaurants as they look to expand outside of London. We’re confident South St Andrew Square will become the prime destination for top quality dining in Edinburgh.”

Ralph Jones, Managing Director of Peveril Securities added:

“These restaurants are joining an existing list of high quality tenants. South St Andrew Square is set to become Edinburgh’s top destination for dining and we’re pleased with the calibre of tenant that the development is attracting.”

Standard Life Investments was advised by Culverwell and BGP. STK represented itself. Graeme Wait acted for both the Big Easy and Dishoom.