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Burger King and Nestle replace Everest in Piata Romana Date: 2010-09-30

Burger King and Nestle replace Everest in Piata Romana
Burger King, operated as a franchise by businessmen Eli Davidai and Marius Nasta, through Atlantic Restaurant System company, in Romania and the biggest Swiss food group Nestle are the new tenants of the more than 440 square metre space in Piaţa Romană occupied by the Everest restaurant until March.
"We rented the about 443 square metre area plus its 300 square metre outdoor space for a Burger King fast food restaurant and for a Nescafe coffee shop for ten years," stated the representatives of the Metropolitan Leasing, the owner of the space.
Burger King management says that 70% of the space will be taken up by the restaurant to be opened by yearend. Nestle did not provide any information about the new contract, saying that more details could be provided "in one week".
At an average rent of 40 euros per square metre as charged in the area, Metropolitan Leasing will collect at least 200,000 euros per year from this space alone. The former tenant, Everest Foods, left the space in March after having gone insolvent, pressured by the space owner and its main creditor. The new restaurant and coffee shop are sandwiched between the top two players on the fast-food market, McDonald's and KFC.
[source: Ziarul Financiar, Aug. 30, 2010]
 

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