London-based steak and burger group Black and Blue Restaurants has announced the sale of two of its high-street sites and the acquisition of a new location.
The restaurant group has sold two of its smaller, high-street outlets at Gloucester Road and King's Road and has acquired a new venue opposite Waterloo station in a move signalling a change of direction for the company focused on larger, more centrally-located sites.
The group has taken on the former Arch One restaurant in London's Waterloo, while it has sold the Gloucester Road unit to the Diner and the King's Road site to BRGR Co.
Commenting on the purchase and sales of the properties, director Nick Hill said: "The sale of our Gloucester Road and King's Road sites signals a step change in our growth strategy, which has developed on the back of the incredible success of our larger, more centrally-located outlets and this is where we see the company heading."
Both the Gloucester Road and King's Road sites will cease trading on Saturday 26 January, while Black and Blue Waterloo will open in mid-February.
Black and Blue opened its first branch in Notting Hill Gate almost 14 years ago. Since then, directors Hill and Alan Bacon have opened sites across London, including Wigmore Street, Mortimer Street, Southbank and Borough Market.
By Kerstin Kühn
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