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Property round-up: JD Wetherspoon, Deltic, pub closures

JDW completes £30.4m Dublin development
As reported by
The Morning Advertiser’s sister title
MCA Insight, JD Wetherspoon (JDW) has made the largest investment in its 41-year history in the development of Keavan’s Port pub and hotel in Dublin.
The operator completed the Camden Street Upper site in Dublin city centre having invested €33.4m (£30.4m) in its acquisition and development.
The 9,000 square foot site spans two floors and will feature 89 bedrooms alongside a 3,800 square foot garden across two courtyards.
JDW intends to hire 200 full and part-time staff at the pub, which is named after an ancient highway into Dublin of which Camden Street formed a part. ....

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Former Dragon's Den investor and London Cocktail Club founder launches Nightcap

A new company led by hospitality entrepreneur and ex-Dragon’s Den investor Sarah Willingham, has unveiled plans to float on AIM after agreeing a deal to acquire the London Cocktail Club’s bar portfolio.
According to an announcement on 13 December, Nightcap will work with the existing London Cocktail Club management team and shareholders to expand the business from 10 sites to a portfolio of 40 across London and other major UK cities in the next five years.
Founded in 2010 by Sarah Willingham alongside JJ Goodman, Raymond Blanc, David Moore and James Hopkins, London Cocktail Club has grown to 10 sites in London and Bristol. ....

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Bar operator London Cocktail Club bought by ex-Dragon's Den investor Sarah Willingham.

Bar operator London Cocktail Club (LCC) has been bought by a newly-formed company led by ex-Dragon’s Den investor Sarah Willingham.
Called Nightcap, the company has announced its intention to float on AIM as part of its vision to become the UK’s leading bar operating group through the acquisition, investment and expansion of drinks-led hospitality concepts.
Its first move sees the purchase of the 10-strong LCC business with a view to growing it to 40 sites in London and other major UK cities, in the next five years.
With the increased availability of sites, with more favourable rents and incentives from landlords, the Nightcap management believes the group will be well placed in the coming years, it says. ....

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