Restaurant & bar in Edinburgh city centre sold to local restaurateurs
Specialist business property adviser Christie & Co has announced the sale of Paolozzi Restaurant & Bar on Forrest Road in central Edinburgh.
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Paolozzi is a well-known dining and drinking hotspot which combines Italian and Scottish cuisines. The restaurant boasts a modern, artistic interior which pays homage to the father of Pop Art, Eduardo Paolozzi, with bespoke furniture, industrial-inspired features, and artwork adorning the walls.
The former owners decided to sell to step back from running a busy restaurant, and confirm the Paolozzi beer brand is still trading strong and open for business as normal.
The restaurant has been sold to local restaurateurs who plan to bring back Kushi’s Indian restaurant, serving guests from 1973 in Edinburgh. They plan to open the restaurant around mid-October.
Simon Watson, Business Agent at Christie & Co who managed the sale process, said, “It was a pleasure to work on behalf of the former owners. I am delighted that we achieved a quick sale after running a short process, with high levels of interest. Edinburgh is still proving to be resilient in the current market, and this sale demonstrates strong appetite from buyers for good quality freeholds in the region.”
The restaurant was sold at an undisclosed price.
For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: +44 7561 115179
E: jasmine.davis@christie.com
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