Chorion Adds to Portfolio
Sunday, 9 September 2001
Leisure operator Chorion has picked up three of the West End’s most high-profile nightclubs. In a move that makes them the largest nightclub operator in the West End, the group has acquired Sugar Reef and Red Cube close to Leicester Square, and the Chocolate Bar in Berkeley Square, for around £7.5 million.

The hat-trick of deals follows Chorion’s earlier purchase of the 700-capacity 10 Room in Covent Garden for £2.75 million. These will all now join the stable which includes Tiger, Tiger and On Anon.

The move has left property entrepreneur Mark Fuller, who sold his Red Cube and Sugar Reef interests to Chorion in June, free to buy Legends in Mayfair - one of London’s longest-running nightclubs. Backed by a consortium of investors, he has paid a £1million premium for the lease on the property to Perthshire Leisure, the group that owns Abigail’s Party on Brewer Street.

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