Gerry Calabrese buys Shoreditch bar
Gerry Calabrese, the son of cocktail maestro Salvatore Calabrese, has acquired the Pool Bar, a late night venue in Shoreditch, London.
Calabrese will now spend £1m on revamping the venue having bought the Pool for a £522,000 premium and a rent of £60,000.
Davis Coffer Lyons sold the Pool on behalf of owner Raj Niyak of NPG Entertainments.
Jonathan Moradoff, negotiator at the property agents, said: "We've noticed recently that there's been a lot of activity in Shoreditch and Hoxton, with a large increase in demand from top operators to be in the area."
Salvatore Calabrese at Fifty >>
Salvatore Calabrese website >>
M&B sells two pubs for £1.7m >>
By Christopher Walton
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