Finance

The Club House opening second restaurant and bar venue in Cardiff


Restaurant and bar venture the New World Trading Company (NWTC) has confirmed that its Club House brand is opening a second venue in Cardiff.

It will be located at the former SA Brain & Co Salt bar at Mermaid Quay in Cardiff Bay.

Work will start shortly on transforming the 9,000 sq ft two storey building, which will see a balcony overlooking Tacoma Square. The restaurant and bar is scheduled to open in the middle of next year.

Other NWTC brand, the Botanist, also has a venue in the centre of Cardiff.

The investment in a second location in Cardiff for the Club House is another boost for the 150,000 sq ft mixed-use Mermaid Quay scheme owned by Schroders Capital through its Schroder UK Real Estate Fund (SREF).

As well as an in-depth early morning newsletter, we will be sending out regular breaking news email alerts. To sign up to this service CLICK HERE

LinkedIn

And, follow us on LinkedIn to catch the latest stories and to network with the Welsh business community.

It said a number of other lettings are in the offing and follows the restarting of major investment Mermaid Quay’s public realm, which had been put on hold due to pandemic.

Chief operating officer of NWTC, Natasha Waterfield, said: “Since we opened our first venue in Cardiff in February 2020, our ambition has always been to bring more of our brands to the city.

” Selecting the right location for a unique brand like the Club House is key, but made so simple when you find like-minded partners such as Schroders Capital’s SREF team and Mermaid Quay. We look forward to meeting both our newest team members and welcoming locals from across the region.”

Harry Pickering, head of UK retail, Schroders Capital, said “Securing the Club House for the old Salt unit is a major step forward in our plans for Mermaid Quay. NWTC is a quality operator and this expanding brand is perfect for the waterfront location.

“This latest letting is just the first of a series of new businesses that we expect to introduce to Mermaid Quay this year, as we bounce back from the challenges associated with the Covid- 19 pandemic, getting our multi-million-pound repositioning plan for the centre back on track and enhancing Mermaid Quay’s reputation as one of Wales’s premier leisure destinations.”

Letting agents for Mermaid Quay are Savills and Smith Price RRG.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button