22 August 2018

Mosaic makes another Quay acquisition


AG&G acted for Mosaic Pub and Dining, formerly known as City Pub EIS Fund, in the acquisition of a new site at New Quay, Greenwich.


The 18-strong group has secured the virtual freehold of a new build in the New Capital Quay development in Greenwich, which neighbours the Fuller’s site, Sail Loft.


The unit is set to be converted into a premium bar and dining offer.


Mosaic joint chief executive James Watson said: “We have been anticipating this acquisition for quite some time and are very excited to have a riverside presence in such an exciting, vibrant part of London as Greenwich.


Michael Penfold, director at AG&G, said: “Very happy to have helped Mosaic with this acquisition in such a prominent riverside position. I look forward to seeing the premises up and running. This is the fifth deal AG&G has done with Mosaic and the third this year. We look forward to working further with this fast-growing, progressive business.”

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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