Ping pong and bar venue Bounce, a popular destination for Friday night punters and work socials, has announced a major expansion. After their success with previous venues in the capital, London and City real estate firm Cushman & Wakefield has been appointed to carry out this acquisition, with plans to open 20 new Bounce venues by 2020.
Fraser Williams, London’s leading Chartered Surveyor, says; “Although all industries will soon feel the immediate effects of Brexit, the retail and leisure sector will most likely remain a strong industry due to constant demand for venues like Bounce.”
The first Bounce venue opened in Farringdon in 2012, offering cocktails, pizza, and 17 ping pong tables on a 12,500 sq ft site, and has since expanded to Shoreditch and Chicago.
Adam Breeden, Chief Executive of Social Entertainment Ventures, states; “We have a fantastic opportunity to explore new locations in the UK. Our appointment of the UK’s leading leisure real estate advisor, Cushman & Wakefield, is key to this strategy.”
While Thomas Rose, head of Cushman & Wakefield’s leisure and restaurant team, explains; “We deliberately work with a select group of occupiers who are the market leaders in their fields, and when it comes to the most exciting new sector in the market – competitive socialising – there is one occupier out in front.”
In addition to the expansion of Bounce, Social Entertainment Ventures said it expects to launch another two ventures in the next year.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.
