Client deals aplenty at Cubism Law

It’s been a busy summer for Cubism Law’s hospitality, retail and leisure team led by David Salamons with a number of significant deals for clients being successfully closed. BHA preferred partner Cubism Law are well know for their expertise in the key strategic areas of buying and selling premises and business enterprises and providing associated advice.

Following the sale earlier in the year of the well known Hoxton Bar and Kitchen, London based restaurant and bar chain operator and long-term Cubism client, Barworks have now taken on the lease for a new site in Farringdon, which co-owner Francis-Baum says will be along the lines of the Well & Bucket pub in Shoreditch which the group also operates.

For the Inception Group Cubism acquired the old Tatty Bogle Club in Soho which has now been re-launched as an exclusive members-only retro club, Disco. Also for Inception they acquired the old Bruton pub in Mayfair which is now reborn as the Victorian themed, Mr Fogg’s. Inspired by Jules Verne’s eponymous hero Phileas Fogg and graced by Pippa Middleton on its opening night, the bar is already earning a reputation for its cocktails.

For American style Diner chain, Good Life they acquired a site in Spitalfields for their newest outlet, managing to complete the deal successfully only days before the whole Spitalfields market was purchased by Ashkenazy Acquisition Corporation in one of the largest retail investments in London this year.

For a newly won client they acquired a top Mayfair restaurant in Curzon Street which will re-launch in the autumn as a prime Georgian restaurant, one of few in London. Other acquisitions included funky music venue the Underdog on Clapham Common, South-side, and new pubs in London’s east end for the burgeoning Graceland Group.

Cubism lawyer David Salamons and his team also advised on a proposed new retail venture for Camden Town Brewery and another new venture for the growing Fyre Group in South London as well as carrying out lease renewal work for Madame JoJo’s cabaret.

They have also recently negotiated and advised on the terms of a minority share sale of an award winning Spanish restaurant and advised on the multi-million pound roll out in the UK of a well known franchised coffee chain.

Cubism is also advising various retailers on the civil, criminal and regulatory liabilities of selling food in connection with the Consumer Protection from Unfair Trading Regulations 2008 and other related statutes.

International

In concert with the hospitality team head of Cubism Law French Desk Guillaume Barlet led on the acquisition of land from a local town in a popular ski resort in the French Alps to organise the development and management of a new 4* hotel. The investment was around €23 million.

They also advised established Knightsbridge restaurant, Gran Caffe on the grant of a master development licence to a Middle Eastern investment group to open several outlets in Qatar ahead of the FIFA World Cup in 2022. The first outlet is due to open after Ramadan 2013 following a one million pound fit-out.

Looking back on the summer David Salamons commented:

“It’s been a busy, busy period for the leisure and hospitality team and there’s no sign of it letting up at all. After a short quiet spell earlier in the year the team is very excited to be back in the thick of things pushing through so many deals.

Hopefully it’s a sign that the wider market is back on the up, we’re certainly seeing a lot more confidence on the part of our clients to ‘do the deal’ and that seems to be happening across sectors, long may it continue!”

For more information on Cubism Law’s hospitality, retail and leisure team please visit:
www.cubismlaw.com/services/show/Leisure-Industry

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