Coffer Corporate Leisure, is the only dedicated property investment and mergers and acquisitions advisor to the leisure industry.
Coffer Corporate Leisure has completed the investment sale of the Drive-Thru Portfolio, a unique portfolio of five prime ‘drive thru’ investments.
– Like-for-likes sales decline 0.1% nationally, against Christmas 2016
– Drink-led businesses have best of festive trading
Mark Sheehan, Managing Director, Coffer Corporate Leisure Outlines his Predictions for the Market in 2018
On behalf of The Grand Union Group, leisure investment specialists Coffer Corporate Leisure has completed a portfolio deal of the Grand Union London bar estate to The Draft House.
On behalf of LaSalle Investment Management, Coffer Corporate Leisure has completed the purchase of a portfolio of six high quality pubs for a total of £17.8 million, representing a net initial yield of 4.75%.
On behalf of a client fund of TH Real Estate, leisure investment property specialists Coffer Corporate Leisure, has completed the sale of a portfolio of two prime London pubs, for £13.5million to a private European investor.
On behalf of Enterprise Inns, leisure investment property specialists Coffer Corporate Leisure, has advised on the sale of a portfolio of 22 commercial properties, comprising 17 pubs and five convenience stores for a sum of £20million.
Sale for Stonegate Pub Company, the TDR Capital-backed group, of three central London-based freehold sites to CBRE Global Investors, as part of a sale and leaseback process.
Coffer Corporate Leisure has been appointed to market a package of four central London freehold public house investments – which Stonegate Pub Company, the TDR Capital-backed group, acquired recently from TCG – as part of a sale and leaseback process.
Coffer Corporate Leisure has advised a private client on the acquisition of 9-11 Jamestown Road. The property comprises the long leasehold interest in the restaurant premises arranged over ground floor. The consideration of £4.85million reflected a Net Initial Yield of 4.35%.
Coffer Corporate Leisure, on behalf of vendor PFA Acquisitions, has completed the sale of a third portfolio of freehold pubs let to Stonegate Pub Company Limited or subsidiaries benefiting from a guarantee by the full Stonegate covenant. The 23-strong investment portfolio has been acquired by Mansford LLP for in excess of £30m.
A unique opportunity to acquire Italian Secrets – a long established and highly successful catering and corporate cookery centre business – has become available after Coffer Corporate Leisure has been appointed to market the business based in Wandsworth, South West London for considerations in excess of £100,000.
Coffer Corporate Leisure – the only dedicated property investment and mergers & acquisitions advisor to the leisure industry has expanded following a highly successful year which has seen it advising on over £1 billion of deals since last summer.
Coffer Corporate Leisure, on behalf of vendor PFA Acquisitions, has completed the sale of a portfolio of fifteen freehold pubs let to Stonegate Pub Company Limited or subsidiaries benefiting from a guarantee by the full Stonegate covenant. The portfolio has been acquired by the investment managers OLIM Property Limited on behalf of discretionary pension fund and investment trust clients in an off market transaction totalling £28.27 million, which reflects a 6.31% net initial yield.
Iconic live music venue Barfly in Camden< - which has played host to some of the biggest names in music including The Killers, Coldplay, Blur, and Oasis - has been sold by Coffer Corporate Leisure & Davis Coffer Lyons, on behalf of property company, Solitaire Group. The freehold interest was purchased by a private Greek investor for £3.8m representing a 5.54% yield.
@DCL have been instructed by Landlord, @thackeraygroup, to market 118 Deansgate in Manchester on a new lease. Situated adjacent to the landmark Kendals building, which is due to be refurbished and when completed will provide approx. 500,000 sq ft of Grade A office space together with approx. 40,000 sq ft of retail & leisure space, Deansgate benefits from a high footfall 7 days a week and is a popular pitch for F&B, leisure and retail.
The unit provides 3,145 sq ft on Ground Floor only with an extraction route available. All uses will be considered.
Please contact Louie Gazdar for more information:
Lgazdar@dcl.co.uk
07908 119 441
Today on #internationalwomensday, as every day, we celebrate our valued team and the contributions they make to promote inclusion and empowerment in their daily lives, from supporting female-founded businesses, to raising funds for women’s mental and physical health and coaching rugby to women and girls. #InspireInclusion
We are delighted to be working with John Lewis on the appointment of a new hospitality partner to operate the rooftop of its flagship Oxford Street store.
The rooftop garden was created in 2014 as part of the 150th anniversary celebrations for John Lewis, and most recently played host to Willows on the Roof’s Winter Terrace.
A suitably fitting operator is sought to deliver a compelling restaurant, bar and garden for the space, which has panoramic views across central London’s skyline.
For further info contact Kate Taylor or Tony Levine
On behalf of luxury residence operator Grand Residence Club by Marriott, we are delighted to have been tasked with sourcing a new tenant for the Mayfair restaurant premises formerly home to Le Gavroche. The fine dining restaurant – a London institution - completed its final service in January, ending a 55 year tenure. A fitting operator is sought for the 4,000 sq ft venue in Upper Brook Street, which sits below GRC’s luxury residences.
Contact Tracey Mills or Tony Levine for further information.
Coming soon to Covent Garden… London’s first Mexican “churreria”. @aguamiel.ldn - a flagship dessert bar majoring on churros doughnuts - launches this month at 24 Wellington Street; a thriving Theatreland destination close to Covent Garden Piazza.
Churros, made fresh in-house, will be served with a choice of sugar or real cinnamon and sugar, along with one of three dips (dulce de leche, condensed milk or chocolate), partnered with quality coffee and specialist Mexican hot and cold drinks, including aguas fresca, horchata and spiced hot chocolate.
@dcl_leisure acted on behalf of Shaftesbury Capital to let the 800 sq ft unit.
Set to open in March 2024, chicken lovers favourite, Wingstop, is adding to its growing empire with a dine-in location at former the Bodeans site, 169 Clapham High Street.
@wingstopuk first opened its doors in Texas in 1994. Their outstanding food and superior customer service created a demand that could only be satisfied by more locations. In 1997 they began offering franchises and today they are one of the fastest-growing concepts in North America.
Now, with 26 restaurants and 13 "delivery only" dark kitchens in the UK and over 1,500 restaurants globally; US, Mexico, Colombia, Panama, Singapore, Indonesia, Malaysia, France and the UAE, Wingstop has a huge following.
Paul Tallentyre represented @bodeansbbq for the sale of the lease at a premium.
#wingstopuk
#chickenwings
NEW PROPERTY ALERT
See our latest public house instructions.:
1 Royal Vauxhall Tavern, Vauxhall
2 Putney Pies, Putney
3 Loose Box, Westminster
4 Ferndale Road, Brixton
5 The Feathers, Chalfont St Giles
See link in bio for more...
@westfieldstratfordcity has welcomed Asian bakery @ongongbuns run by husband and wife Icy and Aaron Mo.
Pop down to the Great Eastern Market at Westfield Stratford City to grab one of their Chinese pork, chicken curry, Korean Garlic Bread and Spicy Vegan salty ong buns buns or treat yourself to some sweet pandan and coconut cake.
The Great Eastern Market is home to a host of specialist and independent food outlets including Karaway Bakery, Ergon Greek deli, Pasta Remoli, Rasa Malaysia and Japan Centre, as well as microbrewery Tap East. Contact us for pop up and longer term opportunities
Season’s Eatings Day #15: Brutto
We end the year, and our Season’s Eating’s series, with a tribute and a toast to Russell Norman; one of hospitality’s finest and a truly inspirational figure whose loss is keenly felt.
Russell’s impact on London’s dining scene in London was immense. From the launch of Polpo in 2009 to his most recent project @bru.tto, both he and his restaurants were defined by creativity and flair, attention to detail and genuine warmth and hospitality. Whilst rapturously received and commercially successful, they were underpinned by a sincere and scholarly passion for the source of their inspiration, as was evident in Russell’s award-winning books “POLPO: a Venetian cookbook (of sorts)”, “Spuntino – Comfort Food (New York Style)”, “Venice – Four Seasons of Home Cooking” and “BRUTTO: A Simple Florentine Cookbook”.
We had the privilege of working with Russell and his business partner Richard Beatty on projects from the first Polpo on Beak Street, to Polpetto, Spuntino, Mishkin’s, Ape & Bird and Brutto - the Clerkenwell restaurant that is Russell’s take on a Florentine bistro. The lively neighbourhood trattoria proved an instant hit; a winning combination of simplicity, authenticity and conviviality, with a sprinkling of Russell’s fairy dust. Long may it live on.
#seasonseatings #nicelist #DCL_adventcalendar
Season’s Eatings Day #14: Arlington
News began to emerge earlier in the year that hospitality legend @jeremyrbking would make a very welcome return to the capital’s dining scene with not one, but three major projects.
The first to open in early 2024 will be a reinvention of Le Caprice - the restaurant where Jeremy began his career with business partner Chris Corbin - which will open under the new name of Arlington.
Though originally opened in 1947, Le Caprice took on a new lease of life when it was taken over by King and Corbin in 1981, becoming one of London’s most in-demand dining rooms with a stellar clientele, tended to by “maître d’ without equal” Jesus Adorno, with whom King is re-uniting for the project. Adaptions of old favourites from the menu for 21st century tastes are planned for @arlingtonlondon, by former Le Caprice head chef Will Halsall and team.
The launch will be followed in the spring by the opening of @theparklondon in the new Park Modern building opposite Kensington Palace Gardens, to be followed by a reinvention of institution Simpsons in the Strand.
DCL acted for Jeremy King Restaurants on the off-market acquisition of Le Caprice, as well as brokering the Park Modern and Simpsons in the Strand deals.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #13: Bunsik, Westfield Stratford City
@westfieldstratfordcity has today welcomed popular Korean street food brand @bunsik_london.
The fast-growing brand’s fifth site is located within the busy lower ground floor food court. Alongside its epic corn dogs, kimbap, ddukbokki and Korean fried chicken, in a first for the group, a range of vegetarian options are on offer, including the debut of its first veggie burger.
The launch marks a milestone in the growth of the ambitious brand, which launched in 2021 on Charing Cross Road.
DCL advises URW on F&B and leisure at Westfield Stratford City and Westfield London.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #12: Sune, Broadway Market
Despite only opening in November, this newcomer to Broadway Market from hospitality power couple Honey Spencer and Charlie Sims has already been voted one of the Top 10 openings of 2023 by readers of @hotdinners.
@restosune – which takes its name from the Nordic name for son, as well as the name of sommelier Spencer’s wine mentor Sune Rosforth in Copenhagen – is a neighbourhood restaurant with a seasonal menu that champions British produce, served alongside the best seasonal natural wines.
The pair have an outstanding pedigree, with decades of experience between them gained across the globe, including Sims’ role as restaurant manager of Noma.
DCL worked on behalf of the exiting tenant and the landlord in order to negotiate a new lease.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #11: Farm Shop, Mayfair
Just in time for festive food shopping, independently hospitality business Artfarm has opened Farm Shop on South Audley Street, across the road from sister operations The Audley Pub and Mount Street Restaurant.
Featuring the same award-winning products as Somerset’s @farmshopuk at the 1,000 acre Durslade Farm in Bruton, the new opening also houses a separate butchery room selling high-welfare meat, including beef and lamb from the farm. Star turns include wine created from grapes grown on the estate; honey from its hives and cider from the orchard, as well as products from emerging and established artisans in the South West. Refuel on Christmas shopping trips with cheese toasties and hearty hot beef sandwiches, generously filled with the farm’s own meat, or high-quality coffee from roastery Mozzo.
A 40-cover eatery and wine cellar will open on the lower ground floor in the new year.
DCL acted for landlord Grosvenor on the letting.
#seasonseatings #nicelist #dcl_adventcalendar
Season’s Eatings Day #10: Cantinetta Antinori
In April, Knightsbridge welcomed Cantinetta Antinori – the first London restaurant for the Antinori family, renowned for producing Italy’s finest wines and their celebrated restaurant in Florence, located in the fifteenth century Palazzo Antinori.
Occupying a characterful three-storey period building, and in distinguished company with neighbours including Gucci and Louis Vuitton on Sloane Street, the vibrant and elegant restaurant offers relaxed, all day Italian dining, with signature dishes highlighting both traditional and contemporary Tuscan recipes, along with Antinori wines -including some exclusive vintages - and live jazz Thursday to Saturday evening.
DCL acted on behalf of landlord Cadogan on the letting of the Harriet Street restaurant.
#seasonseatings #nicelist #dcl_adventcalendar
