London-based Capital Pub Company is planning to spend £1m on refurbishing and gaining planning permission at seven of its 34-strong estate, writes Gurjit Degun Clive Watson, chief executive of Capital, which is currently subject to a take-over bid from brewer and pub operator Fuller's, explained that the largest site development will be adding a 64-bed hostel to the Alexandra in Clapham Common. Work is due to begin in January next year. The Actress in East Dulwich will also have its upper floors developed into nine hotel rooms, and the Bishop in East Dulwich is to have its unused first-floor function room refurbished. Capital plans to redevelop a first-floor room at the New Cross House in New Cross into a function room/sports bar area. Watson also revealed the company will be applying for planning permission at a further three sites — the Florence in Herne Hill, to add 16 hotel bedrooms; the Rye in Peckham, to add a first-floor trading area and a conservatory to the rear; and the Warwick Castle in Maida Vale to develop the first floor into a dining/function room. “The good thing is that the land has already been bought, so by improving and exploiting the upper parts of the pubs, the return should be much greater, so this is money well spent,” said Watson.