D&D London, the international restaurant group formerly known as Conran Restaurants, has reported a 3% rise in full-year EBITDA to £6.7m and confirmed that it has signed a joint venture partnership to open in Turkey from 2013. Turnover for the group, which owns and operates more than 30 sites in London, Paris, New York, Copenhagen and Tokyo, grew 2.5% to £75.5m. Cash profits grew 4% to £4.2m, although pre-tax profits fell from £701,000 to £443,000 in the year as the firm made “significant investment in central management costs” as it prepared for expansion in 2012/2013. Like-for-like revenue at its London restaurants increased 4%, which chairman and chief executive Des Gunewardena said demonstrates that “consumers will continue to dine in high quality venues”. There was strong growth at Bluecafe (+15%), Sartoria (+11%), Bluebird (+10%) and Skylon (+10%). Since the year end, D&D has opened its first City hotel with the £50m launch of the South Place Hotel, which includes 80 bedrooms, two restaurants, three bars and “extensive private dining and meeting room facilities”. Old Bengal Warehouse, which is to open today, features two restaurants and a wine shop. The company is also set to open restaurants adjacent to Trinity Leeds Shopping Centre in March 2013. D&D’s Turkish JV is with local operator Borsa Restaurants. The JV has secured a 14,000sq ft area featuring extensive outside terrace space in Trump Towers, a 2.8m sq ft luxury residential, retail and office development in central Istanbul. “We are very excited about our new joint venture partnership in Istanbul, one of the fastest growing and exciting cities in the world. We are partnering with leading restaurant group Borsa Restaurants and Mehmet Ali Yalcindag, a member of the Dogan family who run Turkey’s top industrial conglomerate, Dorgan Group, a £1.5bn media, energy and Industrial group. “We will be developing a restaurant, bar and events venue which we plan to open in January 2013. The signing of this partnership demonstrates our ongoing strategy to selectively expand our brands into international markets where we see significant potential and we are very excited by this development,” said Gunewardena. He added: “I am pleased to report a solid set of results and in particular an excellent trading performance from our London restaurants during the year. This performance is all the more encouraging as it has been achieved despite a continuing backdrop of economic uncertainty and an increase in central management costs ahead of our expansion in the current financial year. “Looking ahead, I am very optimistic about our prospects for the current financial year and beyond. Our two new London ventures, South Place Hotel and Old Bengal Warehouse, promise to make a significant addition to our portfolio, as will the project we have underway in Leeds, which is part of the only new shopping development in the UK next year.”