NEW FOOD HALL CONCEPT TO SHOWCASE BEST OF NORTH EAST STREET FOOD SCENE AT THE RIVERWALK
Clearbell Property Partners II LP (Clearbell), a fund managed by Clearbell Capital, today announces plans to create a new street food market hall offering at The Riverwalk, the £30 million redevelopment on the banks of the River Wear.
Clearbell has unveiled early concepts for a new food hall to be prominently located in one of the new units on the Riverwalk’s promenade, adjacent to the Odeon cinema. The food hall will host a vibrant mix of street food and drinks brands in kiosks and mobile units, all situated around communal seating and smaller tables.
Increasingly popular in cities across the country, the food hall concept allows visitors to sample a wide range of food and flavours in one sitting, with something for everyone – from a family day out to an evening with friends.
Clearbell is looking for the hottest up-and-coming local food and drink brands and bringing them all under one roof. The list of operators will be carefully curated so that the operations complement each other, and each brand has a real chance to show off its individual appeal.
Nick Berry, Partner at Clearbell Capital, commented: “The street food scene in the North East is really exciting, and we want to capture some of that spirit in The Riverwalk. Our new food hall concept will create a platform to bring unique food operators right to the heart of The Riverwalk, and with the cinema, bowling lanes and a great range of new restaurant brands, we’re establishing a real point of difference for Durham.”
An exciting transformation of Durham’s waterfront, The Riverwalk is creating a new promenade of restaurants and bars, all enjoying breath-taking views of Durham Castle and Cathedral. A six-screen Odeon Luxe cinema is taking centre stage, along with Lane7 boutique bowling, a new facility for Durham Distillery and a host of new restaurants including Cosy Club and Turtle Bay. While many of the shops and cafes are already open, the promenade of restaurants will be opening in phases from early spring.
If you have an exciting food or drinks concept and would like to register your interest, please contact Spencer Wilson firstname.lastname@example.org
The Riverwalk is owned by a fund managed by Clearbell Capital.
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About The Riverwalk
The £30m redevelopment of The Riverwalk includes 35,000 sq ft of new restaurants, 23 refurbished retail units, 253 student accommodation rooms, a Lane7 bowling alley and a six-screen Odeon cinema.
The revitalised shopping, dining and entertainment venue will improve access to the city centre, providing a new link from the rail station and bus station with the shopping streets around the World Heritage Site, the Market Square, and Freeman’s Quay.
In creating a new dining and entertainment venue in Durham, The Riverwalk is boosting the day to evening economy in Durham, an added attraction for residents, visitors and the student population alike.
The scheme will also support Durham’s economy and employment, with a projected 120 jobs to be created through new retailers, restaurants and leisure operators opening at The Riverwalk.
For further information please visit http://www.theriverwalk.co.uk
About Clearbell Capital LLP
Clearbell Capital LLP is an independently-owned private equity real estate fund management and advisory business specialising in UK property investment, development and asset management. The firm is led by experienced real estate investment professionals with long established UK market expertise spanning multiple cycles and across various property types. The five-strong partnership comprises Manish Chande, Nick Berry, Sally Doyle-Linden, Rob Mills and Rob West.
Clearbell has capital from investors around the world including pension funds, fund of funds and high net worth investors.
Clearbell seeks to identify undervalued opportunities across a number of property sectors in the UK and to maximise returns by applying its investment and asset management expertise.
For further information please go to www.clearbell.com
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