Loungers, the fast-growing cafe/bar restaurant group, is expected to reach 29 sites by the end of 2012 as it announces eight new openings next year. Two more of its Lounge bar concept are to open in Bournemouth in January and February, while another four sites are expected to open in the first half of 2012, according to managing director Alex Reilley. These will include two more Lounge sites, in Birmingham and Christchurh, plus a Cosy Club in Salisbury, Wiltshire, which are currently awaiting planning decisions. Another Cosy Club has been secured in Hove, East Sussex, which is also expected to open in the first six months of next year. Meanwhile, Reilley said he expects to exchange contracts on a site at Cardiff’s St David’s 2 shopping centre this week - it would be Loungers’ biggest site, at c.7,000 sq ft. The site is expected to open in “mid to late 2012”, along with another Cosy Club at Southerhay in Exeter. Meanwhile, Loungers is understood to be close to agreeing on a Cosy Club site in its home town of Bristol, with plans to open in 2013. The company is eyeing an estate of 32 sites by mid-2013. In August the firm revealed it had secured an additional £1m funding for expansion after switching from RBS to Santander. This saw Santander refinancing Loungers’ existing £1.3m debt with the addition of £200k headroom into the business, plus a £800k revolving facility. Loungers opened its 21st site, a Cosy Club in Stamford, Lincolnshire, on 1 November. Loungers spent £635k developing the 6,000 sq ft site, its largest Cosy Club to date. The site is believed to have been subject to offers from two other large multiple operators.