Clearbell signs two hospitality tenants at The Riverwalk, Durham

Press releases

Clearbell Property Partners II LP (Clearbell), a fund managed by Clearbell Capital LLP, today announces two new hospitality lettings as well as a new opening at its retail and leisure destination, The Riverwalk, Durham.

Estábulo, a Brazilian bar & grill using traditional gaucho cooking methods and locally sourced ingredients, has signed a new 15-year lease. As well as a variety of cuts of meat, the restaurant will also serve a selection of vegetarian, vegan and fish dishes.

Also joining The Riverwalk’s restaurant offering is Casa Peri Peri, specialising in flame-grilled chicken and short ribs, and with menus crafted and prepared by MasterChef’s Bobby Geetha. The operator has also signed a 15-year lease. Both tenants are due to commence fit out this summer and open in November.

The Riverwalk is a vibrant shopping, dining and entertainment destination in Durham. These lettings come as Caribbean restaurant Turtle Bay is due to commence its fit out this month, with a view to opening in October. The Riverwalk has seen a significant uplift in footfall since restrictions lifted, with more than 50,000 visitors per week.

Stewart Forsyth, Development Director at Clearbell Capital, said:

“We look forward to welcoming Estábulo and Casa Peri Peri to The Riverwalk, as well as seeing Turtle Bay open its doors. All are distinct dining spots that will offer an even greater variety of options to visitors”.

“The easing of lockdown restrictions should encourage diners to eat and drink out once again and we look forward to welcoming more visitors to The Riverwalk this summer.”

Rob Campbell, CEO at Estábulo and Casa Peri Peri, said:

“I am delighted for both Estabulo and Casa Peri Peri and am looking forward to bringing the two brands to The Riverwalk for people to enjoy.”

In addition, Clearbell is continuing refurbishment works at The Riverwalk, including changes to car park 1 which is being redecorated and given new parking machines. The car park will reopen in July 2021.

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