// Boxpark is accelerating its expansion plans as it ventures outside of London
// The company is on track to generate revenues of over £18 million in the year to April 2022
The Boxpark retail, hospitality and leisure operator is to accelerate its expansion plans after securing new investment from LDC.
The private equity firm will support the company’s management team as it looks to roll out new sites across the UK over the next five years.
Founded in 2011 by Roger Wade, Boxpark currently has locations in London’s Shoreditch, Croydon and Wembley and is set to open its new sibling concept called BoxHall in Bristol next year, marking the group’s first opening outside of London.
The group will also be launching, BoxOffice, a co-working space which will be incorporated into brand new Boxpark sites.
The Boxpark and BoxOffice schemes will be a 50,000 – 150,000 sq ft. in size with developments featuring the Boxpark streetfood and bars set up on the ground floor and leisure operators such as virtual reality, cinemas, crazy golf and karaoke on the first floor and between two to four floors of co-working space above.
The company will be teaming up with existing co-working companies on the launch and operation of the new BoxOffice concept.
The company is on track to generate revenues of over £18 million in the year to April 2022.
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.”