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Leisure Property

TRAVEL LEISURE & TOURISMThursday 23rd June 2016

Dan DaviesMetis Real Estate Advisors Ltd

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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”

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Increases spend in retail locations…

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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?

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What was Leisure?

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What is Leisure Now?

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What is Leisure Now? • Growth of the casual dining

sector

(Although not always a success story!)• London brands expanding into the regions

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What is Leisure Now?

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Why is it a buoyant market?

We all eat out more

Lack of cooking skills ?

More choice than ever before

Social Media….?

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- 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?

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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 RestaurantsWhere are we now?

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Manchester Restaurants

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What’s IN now?Single item menus Branded operators in

the new fast food segment

Markets/ Food halls

Street food festivals

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What Does the Future Hold?

?

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What Does the Future Hold?London Road Fire

Station