Our Valuation Team is the industry’s pre-eminent advisor of its kind. Led by Trevor Watson, one of the most experienced and leading experts in the sector, the team provides valuation and advisory services across all forms of trading related businesses and property throughout the UK
• Restaurants recovering slower than pubs
• London suffering more than rest of Britain
• Delivery’s share of sales up
Sales across the market saw an improvement on previous weeks although they remain significantly below pre-COVID norms
Managed pub, bar and restaurant operators are still trading well below pre-COVID norms, but are seeing a steady improvement in sales as more sites reopen across the country.
Way back at the beginning of lockdown I wrote my last opinion piece. It seems like an age ago. The concept of social distancing hadn’t been invented and now seems to be something we are going to have to get used to for many months and maybe years as progress on a vaccine appears much […]
Managed pub, bar and restaurant groups with businesses open in England have reported improving sales in the second week after shut-down was lifted as more sites also reopened, according to latest Coffer Peach Business Tracker data.
Managed pub, bar and restaurant groups that had sites open in England in the first week after shut-down was lifted have reported collective like-for-like sales 39.8% down on the same week last year, according to latest Coffer Peach Business Tracker data.
Managed pub, bar and restaurant companies that opened sites in England last weekend have reported like-for-like trading 44.5% down on the corresponding weekend last year, according to latest Coffer Peach Business Tracker data.
Way back at the beginning of lockdown I wrote my last opinion piece. It seems like an age ago. The concept of social distancing hadn’t been invented and now seems to be something we are going to have to get used to for many months and maybe years as progress on a vaccine appears much […]
DCL has launched a new service aimed at helping landowners and hospitality operators to amicably reach agreement on revised rental terms during and post COVID-19.
To paraphrase Mr Spock of Star Trek when he landed on a strange planet, “there’s life, but not as we know it”. Undoubtedly, that phrase will ring true in the post-Covid-19 world.
It was a great pleasure to host DCL’s inaugral virtual conference on 29 April, attended by over 500 senior figures across the F&B sector.
The opportunities that will spring from the current crisis are manifold. Of course, no one of knows how this will play out as yet – some of the old ways will endure whilst others will not. Much will depend on the length of the crisis. I would like to share a few early thoughts. This is an excellent opportunity for some much-needed […]
Virtual conference on the future of property in the food and beverage market on April 29.
• Managed pubs, restaurants and bars all see like-for-like trading fall
• Floods and growing impact of coronavirus hitting across country
Leisure property specialists Davis Coffer Lyons has appointed Callum Roxburgh as a Junior Surveyor in its Valuation team.
Next week we’ll start opening the doors of our DCL advent calendar… a festive round-up featuring some of our favourite places, plates and projects from 2023 – a celebration which we hope will provide inspiration for where to eat, drink and be merry, if not in the run up to Christmas, then at a leisurely pace next year!
The news is out! Jeremy King has announced that he will be re-launching “London’s last grande-dame restaurant” Simpsons in the Strand as part of his return to the capital’s restaurant scene.
One of London’s oldest restaurants, the 20,000 sq ft venue dates back to 1828. We were charged by the owners of The Savoy to source a suitable operator to take the historic site into the future, and we couldn’t be happier to see it in such accomplished and highly regarded hands.
King told The Times that it “will be more of a big-theatre brasserie but one that will very much hark on its tradition. I want people to walk in there and say, ‘Oh good, they haven’t changed it’, although it will have changed.”
We are thrilled to have been named Alternative Specialist of the year at the industry flagship EG Awards held at The Grosvenor House.
Recognising our unparalleled position as best in class, the judges said: “The Coffer Group wasn’t only able to showcase a strong array of deals, it has continued to reinvent itself, grow and remain successful after decades of being market leader”
We’d like to thank EG, the Judges, sponsors and above all, our incredible people and clients.
We are so proud to be seen as the leisure and hospitality sector’s flagbearer and will continue to dedicate ourselves to the industry we love.
Kate Taylor proudly accepted the award from multi-talented Ruby Wax on behalf of The Coffer Group.
Photo courtesy of Ed Telling.
@proseccocaffe have secured their second site at 26 Frith Street in Soho. Prosecco Caffe offers an authentic Italian experience at any time of the day – with an expansive coffee and Prosecco menu, as well as cocktails and a food menu with snacks, nibbles and desserts.
The concept aims to provide a convivial environment open to all age and income groups and is inspired by the architecture, colours and lifestyle of Venice.
Louie Gazdar, of Davis Coffer Lyons, acted on behalf of the Landlord.
It may be raining outside but the new store from @badiani1932 is bringing the sunshine to @westfieldlondon with their iconic Italian gelato 💛
We’re proud to have won the prestigious Property Awards 2023 for Retail, Leisure and Hotel agency of the year!
The industry flagship award recognises the group’s unwavering commitment to being best in class.
With thanks to the judges, our fellow nominees and most importantly our wonderful colleagues and clients.
Middle Eastern hospitality operator @nothingbutlove.lb has confirmed the opening of its second London site at 39 Cadogan Gardens, just off @KingsRoad.ldn in Chelsea; a letting secured by DCL for landlord Cadogan Estate.
@meatthefishlondon, opening at the end of May, will offer a “Mediter-Asian” menu featuring seasonal, local produce with a simple, clean food approach at the heart of its daily menu. DCL continues to source high quality F&B concepts for Cadogan’s ownership, with more announcements to follow. This is the second new international entrant to open within the month, following closely on from Giraudi Group’s launch of @cantinettaantinori_london, which DCL secured for Harriet Street.
The National Portrait Gallery has unveiled its destination hospitality offer ahead of its June re-opening, announcing new partnerships and uniquely designed spaces, featuring sculpture and photography from the Gallery’s Collection.
Audrey Green by Daisy Green Collection and The Portrait Restaurant by Richard Corrigan will offer a full range of experiences across a variety of price points – from lunchtime menus, featuring the best of local and seasonal produce, to delicious coffee, all day brunch and themed afternoon teas.
Davis Coffer Lyons was delighted to work with National Portrait Gallery on the appointment of new hospitality partners.
The Coffer Group are very proud to be nomindated Finalist for two @PropertyWeek`s #PropertyAwards in the categories: Retail, Leisure & Hotel Agency Team of the Year and Niche or Regional Agency Team of the Year.
Congratulations to @chef_chantelle and the @apricityrestaurant team on being awarded a Green Michelin Star at last night’s Michelin Awards, which recognises restaurants “at the forefront of the industry when it comes to their sustainable practices.”
A perfect partnership for the Duke Street site, aligning with landlord Grosvenor’s own sustainability goals to deliver a truly sustainable restaurant, in terms of design, ethos and operations.
Repost @chef_chantelle
Today on #iwd2023 ,and every day, we celebrate the brilliant women who are our colleagues and clients. We’re proud to champion their many achievements #embraceequity
A momentous day for Central London property as the merger between landlords Capco and Shaftesbury completes, forming Shaftesbury Capital PLC, creating a £4.9 billion, 2.9 million sq ft portfolio spanning some of the West End’s most iconic destinations.
The central London REIT will continue to invest in and curate its holdings in vibrant and thriving destinations Covent Garden, Carnaby, Soho, Chinatown and Fitzrovia, delivering long-term social and economic value.
Davis Coffer Lyons is proud to have acted on behalf of Capco and Shaftesbury for many years and looks forward to continuing to work on this exceptional portfolio.
Rare Restaurants has picked Covent Garden to launch its steakhouse Gaucho in a flagship restaurant unit on James Street, which will be the first opening for the brand in London in a number of years.
Acting on behalf of Capco, DCL let the 6,200 sq ft unit at 8/9 James Street, occupying a highly prominent corner opposite Covent Garden station and moments away from the iconic Piazza.
Gaucho joins a stellar line up of homegrown and international hospitality brands in Covent Garden, which includes new opening Stereo by Experimental Group.
The 120 cover restaurant will open in June.
For further details contact:
Sally French Associate Director, London Estate Leasing & Strategy
020 7299 0685 | Email sfrench@dcl.co.uk
Seasons Greetings & Happy New Year from all of us at DCL!
