Mosaic Pub & Dining, the former City Pub EIS Fund, has secured a site at the Battersea Power Station development, MCA understands.
The group, which is run by Peter McDonald and James Watson and chaired by Clive Watson, has taken two of the arches at the development with one earmarked for a microbrewery and the other for a bar.
The group, which last week acquired the freehold of its Deakin’s Pub & Kitchen site in Canterbury, has two further sites in advanced legals and the firepower for further acquisitions, finance director James Watson told MCA.
He said that the latest round of fundraising had taken the total raised by the company over the past three years to £41m.
The currently 13-strong company opened the East Putney Tavern, just outside Putney tube station just before Christmas, and Watson said it had traded strongly from the off.
The group has also recently added rooms above the Coffee Tavern in Warwick – its first foray into accommodation.
Watson said: “We are very picky about what we look at but we are interested in a pretty broad range of sites. The Battersea site is really exciting. I’ve been really impressed by the quality of operators going in there. That whole development will be a steady build but the potential is enormous.”
