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Novus to dispose of Piccadilly Institute

03 September 2018 by
Novus to dispose of Piccadilly Institute

Novus Leisure has put one of its flagship sites, the Piccadilly Institute in London, on the market.

The bar and restaurant group, behind brands such as Tiger Tiger and Balls Brothers, is offering the 13,891 sq ft, multi-storey site with a 3am licence and 1,515 capacity as a lease assignment. The site operates as a late-night bar and club.

Danielle Agami and Tom Richards of Restaurant Property, which is marketing the site, said in a statement: "This is a unique opportunity to acquire a lease of a charming and distinct building dating 1885 in the heart of the vibrant and renowned Piccadilly Circus. The Sui Generis use and 3am licence means any prospective tenant can implement their concept with flexibility and gain the many benefits that the premises offers."

Novus sold 15 of its venues to Stonegate Pub Company in July for an undisclosed sum.

Stonegate to acquire Be At One >>

Hayfin Capital takes Novus Leisure to market >>

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