Albannach, the famed Scottish-themed restaurant, bar and late night venue in London’s Trafalgar Square, has been acquired by Fuller’s for its Ale & Pie concept and will be renamed The Admiralty.
Set over three floors overlooking Admiralty Arch and the Cabinet Offices, Fuller’s latest acquisition offers a prime site adjacent to one of London’s best known landmarks – a rare opportunity that no doubt attracted a premium price that is testament to Fuller’s ambitions.
Simon Chaplin, Director and Head of Restaurants for Christie + Co, says: “The acquisition of Albannach by Fuller’s emphasises once again that prime London sites continue to attract a large number of bids and the highest premiums. Though this was only put to the market in January, we received swift and significant competitive interest from bar operators, restaurateurs and fast food chains — all looking to secure a site opposite one of the world’s greatest tourist attractions.”
The site was sold by specialist property adviser Christie + Co on the instructions of Trevor Binyon and Tim Dolder from Opus Restructuring LLP, joint administrators of AB Trafalgar Square Limited.