Dan Davies, director of Metis Real Estate gives a market update on the leisure industry and the trends in dining in the North West

1. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
1
Leisure Property
TRAVEL LEISURE & TOURISM
Thursday 23rd June 2016
Dan Davies
Metis Real Estate Advisors Ltd

2. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
2
Why is Leisure Important?
Threat of internet shopping….10% of retail spend is online and is expected to double in the next 10 years

3. Why is Leisure Important?
A recent CACI article shows that
“Consumers who use catering spend approximately 48% more
on retail goods than those who don’t”
©2016 METIS REAL ESTATE. All rights reserved. Confidential. 3
Increases spend in retail locations…

4. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
4
Increase dwell time…
The ‘stay longer, spend longer’ trend is shaping the market.
Research by CACI shows
“Dwell times are 81% greater than those who spend on retail and don’t
use catering”.
Why is Leisure Important?

5. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
5
What was Leisure?

6. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
6
What is Leisure Now?

7. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
7
What is Leisure Now?
• Growth of the casual dining sector
(Although not always a success story!)
• London brands expanding into
the regions

8. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
8
What is Leisure Now?

9. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
9
Why is it a buoyant market?
We all eat out more
Lack of cooking skills ?
More choice than ever before
Social Media….?

10. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
10
- Casual Dining Group buys La Tasca (40 sites)
for £25m and Las Iguanas (41 sites) for £85m
- BC Partners buys Cote’s (65 sites)
for £250m
- Mayfair Equity Partners buys Yo Sushi’s
(91 sites) for £81m
- Hony Capital buys Pizza Express (450
sites) for £900m
Growth of private equity and venture capital money in all areas of the leisure sector.
Why is it such a buoyant market?

11. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
11
According to a study conducted by Holden Media, Manchester has one restaurant per 1,576 residents.
Last year over 60 new restaurants and bars opened in the city (13 of which landed in the redeveloped Corn
Exchange).
Manchester Restaurants
Where are we now?

12. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
12
Manchester Restaurants

13. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
13
What’s IN now?
Single item menus Branded operators in the
new fast food segment
Markets/ Food halls
Street food festivals

14. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
14
What Does the Future Hold?

15. ©2016 METIS REAL ESTATE. All rights reserved. Confidential.
15
What Does the Future Hold?
London Road Fire
Station