Vaulkhard Leisure expands estate through The Diamond lease
The group is co-investing £350,000 with Star Pubs and Bars to modernise the pub, which has 12 ensuite wi-fi fitted letting rooms and a function room
Newcastle-based leisure operator, Vaulkhard Leisure, has taken on a lease for The Diamond pub in Ponteland, bringing its estate to 20 pubs, bars and cafes.
The group is co-investing £350,000 with Star Pubs and Bars to modernise the pub, which has 12 ensuite wi-fi fitted letting rooms and a function room.
The pub is Vaulkhard Leisure’s third lease with Star Pubs and Bars with the others being Swarley’s in the Groat Market in Newcastle and Staith House on the Fish Quay in North Shields.
Funds are being spent on a six-by-six metre covered timber pergola adorned with foliage and vintage lighting. The heated decked area will feature two trees within the canopy, a gas fire pit, metal privacy screens and rustic wooden tables and benches covered in sheep fleeces.
Ollie Vaulkhard, director said: “We have moved away from late night venues to those with broader appeal and will continue to invest and grow in the region. Unlike other parts of the country, we saw strong performance in Newcastle city centre from April 2021 especially mid-week.
“The city didn’t lose its workforce. It was still a nice place to socialise. Even though some people did work from home, they continued to come into the city for leisure. I have enjoyed watching our sites build trade and see customers and staff happy once again.”
Jeremy Scott, investment manager, Star Pubs and Bars, added: “The upgrade will improve the comfort for customers and bring the pub up to date.
“By the time The Diamond reopens hopefully the airport will be operating to capacity, making it an ideal location for a stopover as well as great place to socialise for the many local customers who use it on a regular basis.”
