CBRE Investors, advised by King Sturge, has let a unit in its Cutlers Exchange building in the City to Kaati Café, a new concept aimed at the fast-paced lunchtime food market.
Kaati Café aims to bring both traditional and previously unseen Indian cuisine to City workers. Its format will focus mostly on take-away food but will include a small seating area.
Kaati Café has taken a new 15-year lease on the 800 sq ft unit at 123 Houndsditch, London EC3, CBRE’s newly refurbished building close to Aldgate tube station, Lloyds of London and Broadgate. It will be paying an initial rent of £36,000 per annum, subject to stepped increases of £2,500 per annum for the first five years and then five-yearly upward-only rent reviews thereafter, with a three-month rent-free period.