Marylebone Leisure Group Continues Expansion in Clerkenwell
May 19, 2014
EIS-backed company Marylebone Leisure Group has through DCL – the leisure specialists purchased the leasehold interest in The Bear on St Johns Square in Clerkenwell for an undisclosed sum in an off market deal. This follows the companys purchase of the Longroom on St Johns Street in nearby Farringdon.
Marylebone Leisure Group also operates The Marylebone on Marylebone High Street, The Princess of Wales in Primrose Hill and Nonna Rosa in Uxbridge.
Chris Bickle Associate Director at Davis Coffer Lyons said: We have been seeing year on year increased demand for leisure opportunities in the City Fringes, particularly for flexible pub, bar and dining businesses. Clerkenwell and Farringdon have been particularly popular recently – we sold The Plum Tree nearby earlier this year. Buyers are looking to capitalise on the impact Crossrail will have on the area and take advantage of the customer based driven by the numerous office developments and diverse commercial sectors that are based here. There are some great food and beverage operators in the area and MLG is an accomplished operator and we believe The Bear will be the perfect addition to its growing portfolio.
Davis Coffer Lyons acted for the vendor Bickleys Limited and director Andrew Perry. </>