The pandemic has created extra opportunities for leisure in prime locations, says Hollywood Bowl

Hollywood Bowl has raised around £30 million via a share placing, it said on Friday as it looks to reopening from lockdown and expansion.

The ten-pin bowling operator, which is hoping to welcome customers back from May as lockdown eases, could benefit from growing retail landlord appetite to offer more “experiences” to shoppers.

Shopping centre owners and landlords on the high street are expected to see more sites become vacant as traditional bricks and mortar retailers struggle.

Hollywood Bowl said: “As landlords look to increase the experiential leisure offering in their schemes, the pandemic has created additional opportunities for ten-pin bowling and mini-golf in prime locations in the UK.”

 The firm, led by Stephen Burns, added: “The company's continued attractiveness as a tenant for high-quality locations means that its new centre pipeline has been bolstered and additional growth capital will be required in order to capitalise on the number of high quality opportunities available to the company.”