Specialist business property adviser, Christie & Co, has completed the sale of the final restaurant disposal from the Jamie Oliver Restaurant Group on behalf of the joint administrators.
Will Wright and Mark Orton from KPMG’s restructuring practice were appointed joint administrators to the Jamie Oliver Restaurant Group Limited, and its subsidiaries Jamie’s Italian Limited, Jamie’s Italian Holdings Limited, One New Change Limited and Fifteen Restaurant Limited in May 2019.
Christie & Co was tasked with bringing 20 sites to market all around the UK, from Glasgow to Brighton, with seven sites in London.
Simon Chaplin, senior director at Christie & Co, said: “Many of these sites are in prime locations within key towns and cities, which helped attract a wide variety of operators and bids. We are therefore pleased to have achieved a positive outcome for the joint administrators.”
Indian restaurant chain Dishoom has take on the premises that Jamie’s Italian formerly occupied in Covent Garden while restaurateur Richard Caring’s Ivy Collection is also understood have picked up a couple of sites.
Jamie’s Italian entered administration in May, with the company blaming rising costs and brittle consumer confidence for its demise.