3rd Oct 2025 12:39
(Alliance News) - Conygar Investment Co PLC on Friday said it has entered into a new management agreement with luxury hospitality group Rhubarb Hospitality Collection.
The London-based property developer said RHC will operate the food, beverage and events operations at mixed-use site The Island Quarter in Nottingham.
Under the terms of the deal, RHC will be remunerated through a revenue share arrangement. This is expected to be cashflow neutral in the short term, with potential cost savings to be gained in the future.
RHC is a hospitality firm specialising in luxury event catering, restaurant experiences, and venue hospitality management in London, New York City, The Hamptons and Berlin. Its portfolio includes well-known restaurants and bars in London such as the Sky Garden and The Royal Albert Hall.
The management deal will last for ten years, and can be expanded to include other venues on the site in the future.
"We are delighted to have attracted such a high-quality international operator to The Island Quarter. Rhubarb Hospitality Collection bring a wealth of experience to the project and we have no doubt that their knowledge will help further cement The Island Quarter as one of the best venues in the East Midlands," said Conygar Managing Director Christopher Ware.
Shares in Conygar Investment were up 3.3% at 28.40 pence in London on Friday afternoon. The stock remains down 61% over the past year.
By Emily Parsons, Alliance News reporter
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