The Boxpark retail, hospitality and leisure operator has set its eyes on accelerating its expansion plans after securing new investment from private equity firm Lloyds Development Capital (LDC), according to numerous reports.
LDC have pledged support to Boxpark’s management team as it looks to roll out new sites across the UK over the next five years.
The group has also unveiled plans to launch, BoxOffice, a co-working space which will be incorporated into brand new Boxpark sites, which are looking to take spaces between 50,000 sq ft and 150,000 sq ft.
Boxpark founder Roger Wade said: “After such a difficult 18 months in the sector, we have secured a new partnership that recognises our unique proposition and growth potential. It will enable us to accelerate the rollout of new sites in London and into major cities such as Bristol and Manchester.
“This is such an exciting time for the business as we approach our 10-year anniversary later this year and I am proud to have such an incredible team behind it who have all worked extremely hard with the added challenges of Covid-19.”