Osborne Clarke has advised new client, Restaurants Etc, on its acquisition of a 5,000 square foot restaurant & bar in the City. This eagerly awaited City location will be the group’s second site in a number of anticipated chicken & steak restaurants, and will open on the restaurant site currently named Sushinho on Devonshire Square, Bishopsgate, just a stone’s throw from Liverpool Street.

Restaurants Etc's portfolio includes five Hix Restaurants and the sixteen month old chicken & steak concept, Tramshed, in London’s Shoreditch.

Mark Hix said of the deal: "This is a hugely exciting acquisition for us, we’ve been looking to open a site in the City for some time and this site meets our criteria on many levels, not least because it has a great basement where I can open our second cocktail bar, Mark’s, which we are very fond of in Soho.’

The Osborne Clarke team comprised real estate partner, Nick Simpson, and corporate partner, Kalpesh Tanna.

Kalpesh Tanna, Head of Retail, Hotels & Leisure at Osborne Clarke, said:

"We are delighted to have supported Mark and Ratnesh on this exciting acquisition opportunity, which was completed within 48 hours of the paper's being issued as part of a contract race.  We hope that this will be the first of many mutually beneficial deals we will do together."

Ratnesh Bagdai, business partner and group Finance Director, said:

“It was a pleasure to work with the team at Osborne Clarke; like-minded, hard hitting professionals with a mutual common goal: “win the race” with all due care and attention and commercial realism.  We look forward to working with both Kalpesh and Nick for our on-going growth plans.”