Indie bar and restaurant operator sells two East Mids venues
The Orange Tree Group has sold two more of its East Midlands venues.
Following the recent sale of four of its sites to Charles Wells, the independent operator has announced the sale of two more of its estate to a local multiple operator.
Fenways in Loughborough and the Lansdowne in Leicester have both been acquired by Koban Group, a local independent operator, for an undisclosed sum. The deal was brokered by Nottingham based licensed and leisure property specialist Everard Cole.
Fenways is a burger and smokehouse restaurant in the Baxter Gate complex which houses Cineworld and numerous branded restaurants and bars in the centre of Loughborough.
Fenways
The Lansdowne on London Road in Leicester is a gastropub set in a 1960s building and has been an integral part of the Orange Tree Group since 2004.
Ben Hings, co-founder with Gareth Smith of the Orange Tree Group, said: “It’s great to see that our staff and concepts are transferring to another independent that recognises our values and the importance we place on providing a great experience for the customer. And that appreciates having the benefit of a dedicated team of skilled and experienced staff, some of whom have been with us for up to 15 years. Without the efforts and hard work of our staff, for which we thank them, we would not have such bespoke places to eat and drink which generate such considerable interest from the local community.”
Raghu Kodakandala of Koban Group said: “With the people we have in place and working with them all to build on how the customer feels, I’m sure that we will have a strong business which local people can enjoy for years to come”.
Koban Group also owns local fine dining restaurant, The White Peacock in Leicester and Aspects in Enderby, a fine dining Indian restaurant.
Everard Cole director Jon Heald said: “The two venues are a great fit for the Koban Group to develop its business and the Orange Tree Group were pleased that Raghu valued the importance of experienced and skilled members of staff that they had developed.
We’re confident they will make the pub a great of both businesses and we wish them all the best for the future.”
