An attractive, landmark building in the heart of Brighton's "Lanes" leisure district.
The period building in Prince Albert Street immediately represented an opportunity to add value. With previous occupier- Old Orleans - wishing to vacate, EPF sourced an operator that befits the prominence and prestige of this local favourite- the Laine Pub Company. Laine, backed by global giant Fortress Capital, is the seaside City's largest pub& bar operator with 45 sites and an ever-growing portfolio in London.
Laine and EPF swiftly set about transforming the property into a vibrant, cutting-edge offer, creating the Mesmerist, "a wonderland of burlesque".
EPF also created two new units- let to a highly acclaimed boutique ladies fashion retailer and barista/cafe the Alchemist- ensuring a vibrant and eclectic mixed-use scheme was delivered.
Investment rationale and Asset management:
Prestigious, landmark property in heart of popular leisure area with potential to add value.
- Vacant possession and reletting of main bar to vibrant, strong operator with local expertise.
- Creation of new, smaller unit to complement anchor operator.
- Highly-popular area and well-known property, with strong neighbouring operators.