D&D London has announced today that it would not be exercising its option to renew its leases, and therefore will cease operating the retail and dining spaces at The Royal Exchange later this summer.
The decision follows an agreement with landlord Oxford Properties. The business will however continue to operate as usual until the end of August.
The City remains a key focus for D&D, with its restaurants situated in the Square Mile including Coq D’Argent, Madison, Paternoster Chophouse, Old Bengal Warehouse as well as Michelin starred Angler, and South Place Chophouse at South Place Hotel.
Des Gunewardena, Chairman and CEO of D&D, commented, “We have thoroughly enjoyed being part of The Royal Exchange for some 15 years and in that time The Grand Cafe´ and Sauterelle restaurant have become firm City favourites.
'But we and Oxford Properties agreed that it was time for a change and we wish them well with their future plans for the building.
'We do however remain committed to the City and plan to announce a new and very exciting restaurant project in the Square Mile shortly.”