New City site secured for London Cocktail Club
Nightcap has entered into a lease for a new London Cocktail Club bar at 78 Queen Victoria Street in the City of London.
The site, formerly Planet of the Grapes, covers an area of approximately 1,500 sq ft and is expected to open under the bar brand before the end of the year with an unrestricted capacity of 150.
Nightcap also said it had a further five sites in legal negotiations across several of its brands.
Sarah Willingham, chief executive of Nightcap, said: "Since the lifting of the Covid restrictions we have been impressed with the strong trading at all of our City sites in London. I am therefore delighted to announce the signing of this new bar by Mansion House tube station as the next in a string of new sites being finalised for the London Cocktail Club. We are delighted to see that the hard work invested across the group, in securing the best possible sites across the country, is starting to pay off."
Having acquired London Cocktail Club for initial consideration of £5.7m earlier this year, Nightcap announced plans to grow the group from 10 to 40 sites over the next five years.