STACK secures investment ahead of new venue launches in Newcastle and more

Kings Park Capital (KPC) has announced its investment in STACK, the operator of mixed-use leisure venues known for their fusion of bars, live entertainment and leisure activities.

Founded by Neill Winch in 2017, STACK has rapidly become a cultural and community hub, initially making its mark with the Newcastle site in 2018, which drew more than three million visitors before its closure in 2022.

STACK is poised to launch a new flagship site in Newcastle at Worswick Chambers in 2025, in a revitalisation of the historic Grade II listed building, featuring nine bars and 10 street food units.

STACK Seaburn, which opened in 2020 despite the pandemic challenges, already attracts more than 600,000 visitors annually, showcasing the brand’s compelling and resilient proposition. STACK is continuing its expansion with STACK Middlesbrough, scheduled to open in spring 2024.

This move marks the beginning of a series of site launches, with STACK Lincoln already in the construction phase and the highly anticipated St James’ STACK, a joint venture with Newcastle United that will establish a Fan Zone by the stadium, reflecting the brand’s innovative approach to leisure and community engagement.

STACK’s expansion strategy is multifaceted, consisting of “innovative” container parks in Carlisle, Manchester, and Sheffield together with several development projects aimed at repurposing vacant retail spaces, breathing new life into city centres in locations such as Lincoln, Durham, Bishop Auckland, Whitley Bay and Northampton.

This dual approach underscores STACK’s commitment to “creating both pioneering leisure environments and revitalising urban landscapes”. KPC’s investment will be used to accelerate STACK’s growth and realise the team’s vision of delivering these ‘transformative’ projects.

Jamie Tillman, Partner at KPC, commented: “We are excited to be partnering with STACK and are committed to supporting Neill and his exceptional team in its ambitious expansion. We believe STACK’s unique leisure hubs will become landmarks in towns and cities throughout the UK.”

Neill Winch, Managing Director of STACK, added: “Teaming up with Kings Park Capital, a specialist investor in the leisure sector, is instrumental for our growth. This investment will enable our extensive pipeline of new STACK venues to become a reality.”

By Matthew Neville – Senior Correspondent, Bdaily

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