Las Iguanas to open first Swansea restaurant
National Latin American restaurant chain Las Iguanas will open its first branch in Swansea after securing a site in the city's Castle Quarter.
Las Iguanas will launch the 5,000 sq ft restaurant on Swansea's Wind Street in spring 2015. It has signed a 25-year lease on the property, at a cost of £90,000 per year.
Cardiff-based property company EJ Hales acted on behalf of landlord Coastal Housing to market the site, alongside CLC Surveyors.
It is now seeking another restaurant chain to occupy the remaining 3,768 sq ft unit on the ground floor of the mixed-use development.
Phillip Morris, partner at EJ Hales, said: "It is great boost to this exciting regeneration scheme to secure Las Iguanas. The development occupies an enviable location, at the northern end of Wind Street but also on the eastern edge of the main retail thoroughfare.
"We’re confident of securing another high-profile restaurant in the New Year, which will further enhance the scheme."
Castle Quarter is a regeneration scheme comprising commercial space and 26 residential units, overlooking Swansea Castle. It is being developed in conjunction with Swansea Council and the Urban Village project, a £25m scheme to revamp Swansea's high street.