Redcomb Pubs to invest £1.3m in new Paddington Basin dining venture

Redcomb Pubs Ltd has signed a long lease agreement with European Land & Property Ltd to launch a new dining venture at the centre of the newly redeveloped Paddington Basin area.

Lock House, acquired through agents Shelley Sandzer, is situated on the ground floor of waterside development, 3 Merchants Square.

Paddington’s Merchants Square development includes a wide range of mixed-use properties, offering over 2,000,000 sq ft of offices, homes, shops and leisure facilities, and housing the global headquarters of retail giant, Marks and Spencer.

Redcomb Pubs Ltd is now set to invest over £1.3m to develop Lock House and create a an all-day dining and bar offering.

Scheduled to open in September 2016, Redcomb Pubs is also exploring opportunities to roll-out its new Lock House concept to other high-profile metropolitan areas.

Open from 8am each day, Lock House Paddington will boast a 180-cover bar, restaurant and mezzanine, and an extended 70-cover exterior dining space.

The menu, developed by executive head chef, Chris Spencer, will feature handcrafted, street food inspired dishes, superfood salads and grab-and-go options, combined with an international premium craft beer, cocktail and fine wine offering.

Dan Shotton, managing director of Redcomb Pubs Ltd, said: “These are exciting times for Redcomb as we scale up our programme of accelerated expansion and capitalise on new growth areas within Britain’s burgeoning casual dining sector.

“Our expansion into Central London adds to our already strong portfolio of hospitality businesses operating within the suburbs and home counties, and we continue to explore new areas of growth to further develop our business.”

Leo Feldman at Shelley Sandzer added: “The Merchant Square development is a key part of the ongoing regeneration plans in Paddington.

“The mixed use scheme will bring additional footfall to the area and Redcomb’s all-day dining and bar offer will be right at the heart of things. We are delighted to have secured Lock House as a London first for European Lands estate.”

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