Coffee Republic is to open a store on the top floor of the Pinnacle Tower in the City of London. Arab Investments, the Middle Eastern developer that acquired the coffee shop chain from administration in July, is understood to have secured a lease on a unit on the tower’s observation deck, located nearly 300 metres above street level. The company is planning to open a further 20 new outlets in major towns across the UK within the next 12 months. It is thought that the group is also looking to revamp the existing Coffee Republic sites. David Reynolds, Coffee Republic’s head of operations, said: “Coffee Republic is an exceptionally strong brand in a fiercely competitive and exciting marketplace. “We have introduced a new management structure to the business and, at a time when coffee brands are becoming increasingly homogeneous, we are focusing on rolling out the best customer experience with the best quality coffee."