The 6,000 sq ft ground floor space has a late license until 3.30am and will join the company’s growing portfolio.
Incipio Group runs several sites with multiple bars and food traders, including two rooftop Pergola food courts in Paddington and at Olympia, as well as The Prince pub, W12 Studios and Lost in Brixton.
Earlier this year the company secured £5m funding from Leisure investor Edition Capital to launch six further sites in 18 months with openings planned for Putney, Wimbledon and Birmingham – its first outside London.
Leisure property specialist Davis Coffer Lyons completed the sale on behalf of the Mahiki owners David Phelps and Piers Adam.
“Since 2015, Incipio Group has created highly impressive niche in the market for transforming large, social venues concentrated around food and drink,” says Jonathan Moradoff, senior director at Davis Coffer Lyons.
“There has been much chatter in the market about the tough trading conditions in the branded restaurant sector and waning consumer confidence levels.
“However, our experience is that bars, pubs, and late-night operations which offer an informal atmosphere and strong sense of ‘experience’, are continuing to thrive.”