Korean restaurant leases on Russell Street, Melbourne
Jonathan ChancellorDecember 7, 2020
Popular South Korean restaurant chain Menya Sandaime will open its first restaurant in Australia in the Melbourne CBD following a lease deal negotiated by Savills Australia Victorian retail director, Michael Di Carlo.
Menya has taken a 10 year lease at 225 Russell Street, a 93 square metre shop.
Rents in the street have been in the vicinity of $2000 a square metre.
Michael Di Carlo said Menya Sandaime, which specialises in Japanese ramen dishes, chose Melbourne for its reputation as a multicultural community with a well developed appreciation of foreign foods.
The business is third generation. Its South Korean restaurant is open 24 hours a day.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.