Savor announces new Britomart lease, summer trading update

Savor has announced a new lease agreement in Britomart and provided an update on summer trading.

The hospitality group has entered into an agreement with Cooper & Company for a new site in the Britomart precinct, with the first of its new entertainment offerings expected to open in mid-2025.

As part of this arrangement, Savor has agreed to an early exit of the lease for the Seafarers Building, resulting in the closure of the MoVida and Bar Non Solo businesses.

Savor said trading returned to strong summer levels in November and December, recovering to be within 1% of 2024 levels.

However, the company said it is unable to provide earnings guidance for the year due to ongoing uncertainty.