Drake & Morgan, the Bowmark Capital-backed bar and restaurant group, has acquired two new sites in central London, M&C Report has learnt.
The first will open near the end of this year in Regent’s Place, the British Land mixed-use campus occupied by over 12,000 residents and workers in London’s West End.
Spread over two floors, the 6,000sq ft bar and restaurant will feature a large al fresco terrace.
The second venue, opening early 2015, is located in the new AXA Real Estate development on St Pancras Square, King’s Cross, which will also be home to Google’s new head quarters.
The 12,000sq ft venue will also have al fresco seating in a central courtyard.
Managing director Jillian MacLean said: “This is an exciting time for Drake & Morgan as we move into the next stage of our growth post Bowmark’s acquisition last year. We’re delighted to be working with AXA again (our landlords at The Happenstance and The Fable) and British Land. At both sites, we are in the company of some really great businesses and fellow leisure operators.”
Earlier this month, the company strengthened its board with the appointments of a new non-executive chairman Tony Campbell and finance director James Sherrington.
Campbell is the former chairman of Spirit Pub Company and Eat, while Sherrington joined D&M from Caprice Holdings and the Birley Group where he was the Financial Director, reporting directly into Richard Caring.
The buyout by Bowmark last year provided the MacLean-led group with £10m of capital for the its expansion plans, with the group believing there is potential for it to open up to 70 sites across the UK, including up to 15 sites in the capital.
Lunson Mitchenall advised Drake & Morgan.
