ONE OF the UK’s fastest growing leisure operators has secured further investment to support its plans to roll out nationwide.
Westbrooke Alternative Asset Management UK (Westbrooke UK) has provided a bespoke growth credit facility to STACK Leisure, which currently operates four sites, with plans for many more.
STACK’s model – which offers both purpose-build entertainment and leisure operations created out of shipping containers along with repurposing existing, empty buildings – has proved highly successful to date.
The facility has been structured to refinance existing debt and provide flexible capital to accelerate STACK’s roll-out of new sites, which includes new developments at Leeds, Manchester, Sheffield,Carlisle, Durham, Bishop Auckland, Whitley Bay and Northampton.
STACK currently operates three sites across the North East – STACK Seaburn at Sunderland, STACK Middlesbrough and St. James’ STACK in collaboration with Newcastle United – along with STACK Lincoln.
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A second Tyneside site – STACK Newcastle – is also due to open this autumn at the city’s Worswick Chambers and will replicate the winning formula of offering a range of top street food vendors, a selection of bars and entertainment spaces.
According to Westbrooke UK “STACK is executing a clear expansion strategy focused on high-quality, community-driven food, beverage, and live entertainment destinations.”
The fact that STACK also supports both freehold and leasehold site development underscores Westbrooke’s appetite to back ambitious operators beyond conventional real estate finance and into more operational, experiential sectors.
“STACK represents the type of entrepreneurial, scalable business we seek to partner with, with an experienced management team executing a proven model in a growing but often undercapitalised segment of the UK leisure market,” said Harry Newall, Head of Origination at Westbrooke UK.
“We’re particularly excited to support a platform that’s redefining F&B-led entertainment in regions outside London.”
Neil Winch, CEO of STACK, added ; “Westbrooke’s commercial approach, make them an ideal partner at this stage of the Business’s journey. They understood the operational nuances of our model and provided a solution that truly aligns with our long-term vision.”
The transaction was completed in partnership with Kings Park Capital, which became an investment partner in STACK in 2023.
For more information about STACK visit www.stackleisure.com