Pesto targets site at Bullring extension

By Mark Stretton

- Last updated on GMT

Pesto in Manchester
Pesto in Manchester
Pesto, the Italian bar-restaurant concept launched by Neil Gatt, the founder of La Tacsa, is believed to be close to securing a site in the proposed extension to the Birmingham Bullring.

The company has reportedly placed under offer a 3,000sq ft unit at the 20,000sq ft Spiceal Street extension, construction of which is due to start in March.

The firm currently operates two Pesto outlets in Manchester – at Deansgate and the Trafford Centre – plus one in Liverpool – at the Liverpool One development.

It will open a fourth site, a new 300-cover venue, later this month in Glasgow, after taking a new lease on a former Easy Internet Café, in the city’s St Vincent Street. The new restaurant is set to be the group’s biggest yet.

Gatt, who sold the La Tasca business to Penta Capital and a management team led by James Horler for £28.2m in 2001, told BigHospitality sister publication M&C Report last year that his group planned to open one restaurant per year from cashflow, supported by debt funding from Royal Bank of Scotland, although it was considering seeking a private equity partner to pave the way for an accelerated rollout.

The Pesto concept is built around tapas-style plates, but centred on Italian food.

Mark Stretton is editor of BigHospitality’s sister publication, M&C Report.

Related topics: Restaurants, Venues

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