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REVEALED: How much landlords are seeking for the leaseholds of closed Jamie’s Italian sites

Jamie’s Italian 2

Restaurant operators have two more days to bid for sites made vacant by the collapse of Jamie’s Italian.

A total of 20 leasehold sites, which previously traded as Jamie’s Italian, Barbecoa and Fifteen London, are currently on the market.

Property specialist Christie & Co has been appointed to advise on the lease of the portfolio and it said eight sites occupy “strong trading positions” throughout Central and Greater London, while 12 sites are situated in “prime locations” across the UK.

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Full details of each site can be found HERE.

All of the sites are available on a group, sub group or individual basis, with bidding ending on Thursday 30 May.

Documents show that the group’s former Piccadilly site is the most expensive, where offers in excess of £400,000 will be entertained. It is closely followed by its Cambridge site, with offers in excess of £300,000.

Jamie Harvie-Austin, director at Christie & Co, said it is expecting to receive strong interest over the coming days.

“Christie & Co is delighted to have been appointed by KPMG to assist in the disposal of these restaurants, as this provides a rare opportunity for restaurant operators to acquire extremely well-located premises in city centre locations.”

Jamie’s Italian entered administration earlier this month. Will Wright and Mark Orton from KPMG’s restructuring practice have been appointed joint administrators to the Jamie Oliver Restaurant Group Limited.

A full breakdown of all the leasehold sites and their values can be found HERE.

KPMG: ‘Jamie’s directors battled rising costs and brittle consumer confidence’

Tags : administrationChristie + CoJamie’s ItalianKPMGleasehold
Andrew Seymour

The author Andrew Seymour

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