Nightcap PLC on Wednesday said it has opened a new Cocktail Club in Canary Wharf, London.

The owner of Cocktail Club, Adventure Bar and Barrio Familia chains said that the ground floor venue is located on Cabot Square in Canary Wharf. It consists of an indoor area of around 1,600 square feet and an outside terrace area.

Nightcap expects the venue, which is the seventh new Cocktail Club since the brand was acquired last year, to open later this year.

As well as the 36 sites on its portfolio, the company noted that it has an additional 20 premises under offer or in legal negotiations across its brands. The total number of Cocktail Club sites is 17.

Chief Executive Officer Sarah Willingham said: ‘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.’

Further, Nightcap said it has completed its £10.0 million debt refinancing with HSBC Holdings PLC.

Last Wednesday, the company said the new debt facility will allow it to consolidate various existing debt facilities across its businesses, which total £5.5 million. The remaining £4.5 million will be used to grow the company’s portfolio in ‘prime’ locations, both in London and other cities across the UK, it added.

Shares in Nightcap were up 1.7% to 14.70 pence each in London on Wednesday morning.

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