Nightcap the owner of the Adventure Bar Group and the Barrio Familia chain has completed a £10 million debt refinancing deal with banking giant HSBC and will celebrate by opening a new location for its Cocktail Club chain in Canary Wharf.
The ground floor site located at Cabot Square in the heart of the financial district includes an indoor area measuring approximately 1,600 square feet in addition to an outside terrace area.
Canary Wharf is the seventh new opening for The Cocktail Club since it was acquired by Nightcap and takes the total number of The Cocktail Club sites to seventeen.
Sarah Willingham, boss of Nightcap and ex-‘Dragon’s Den’ investor, said: With our first site in Canary Wharf for Nightcap we are sticking to our strategy of taking The Cocktail Club to prime locations across the country.”
“Canary Wharf has become a key location for hospitality over the past few years, developing a vibrant mixed community of bars and restaurants. With the uplift in footfall at Canary Wharf from the recently opened Elizabeth line, it is only going to make the estate busier and more accessible to large communities inside and outside of London.
“We have seen the success of our recently opened sites in other prime locations such as Exeter and Cardiff in the past months, and with another new site about to open in Birmingham in September and now Canary Wharf - it is testament to the hard work of the entire team.”
Nightcap bought Barrio Familia at the end of last year for £4.9 million. It recently made headlines by replacing Russian vodka in its cocktails with Ukrainian replacement Nemiroff in a reaction to invasion of the country.