Korean restaurant leases on Russell Street, Melbourne

Korean restaurant leases on Russell Street, Melbourne
Jonathan ChancellorJune 2, 2015

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.

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