Masala World, the operator of high-end Indian restaurants Chutney Mary and Veeraswamy, has exchanged on the original Wheeler’s of St James’s restaurant and bar in London’s Mayfair, M&C Report understands.

The site was placed on the market last year by Marco Pierre White, the high-profile chef, as he looks to concentrate on his business interests outside the capital.

The group, which is run by Namita Panjabi, with husband Ranjit Mathrani and sister Camilla Panjab, also operates the Masala Zone Indian chain of restaurants.

The c10,000sq ft flagship restaurant, which is spread over three floors, has a rent per annum of £272k.

Over the last few years, Pierre White has been expanding the Wheeler’s brand across some of his pub restaurant sites and currently operates nine sites under the umbrella in the UK.

Opened over 10 years ago, Wheeler’s of St James’s was a collaboration between Pierre White and Sir Rocco Forte, reviving what was described as the “world’s oldest and finest fish restaurant in the heart of London”.

It is understood that the site had been on the market through The Leisure Partnership.