Peckwater acquires former Bird site

By Finn Scott-Delany

- Last updated on GMT

Peckwater acquires former Bird site

Related tags Peckwater Brands delivery Casual dining

Peckwater Brands has acquired the former Bird site on 42-44 Kingsland Road in London's Shoreditch.

The 3,200 sq ft space will serve as a restaurant, development kitchen and engagement centre for the fast-growing virtual restaurant company.

It was reported back in June by Hot Dinners​ ​that Gordon Ramsay was set to takeover the Shoreditch site to launch an offshoot of his Lucky Cat concept, but Eater London ​subsequently revealed that the chef's restaurant group pulled out of the venue​ in August.

Peckwater creates virtual brands and helps restaurant operators utilise kitchen space for delivery. This is understood to be its first foray into operating its own bricks and mortar restaurant.

The business, which is backed Stonegate and SoftBank, currently operates from 500 locations globally.

It recently raised a further £15m in a Seedrs campaign to fund domestic and global expansion.

Peckwater launched the crowdfunding round in September with a pre-money valuation of £50m, offering 22.67% equity.

The company, which reported £10m of consumer sales in its first two years, is live in the UK, USA and UAE.

It claims to have built the largest estate of virtual brands in the UK, with 175 outlets from Aberdeen to Plymouth, with plans to become the largest kitchen network 'of any kind' in the UK within two years.

Freddie Brett represented the landlord. Raven Rose represented Peckwater.

Related topics Restaurant Openings Casual Dining


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