Luminar, the nightclub operator, has made its first acquisition under its current guise, buying Evoke in Chelmsford for an undisclosed sum.
The 1,200-capacity venue, which first opened in July 2012, features an Ice Bar, a large main dance floor, a Japanese-inspired Koudo Lounge bar and private VIP booths. It was bought from Premier Leisure Group.
Luminar chief executive Peter Marks said: “We are delighted to acquire this prestigious nightclub in Chelmsford which already has a well-deserved reputation. It’s a stylish, high quality well-invested club which fits perfectly with our current portfolio and we look forward to working with the team at Evoke to build on the foundations laid by Steve.
“As part of our strategy, we always said we would look at tactical opportunities to acquire new sites that fit our portfolio and deliver a good return on investment. Evoke Chelmsford is a prestigious club in a great location and we’re pleased to have secured this new venue,”
Talking to M&C Report in July, chief financial officer Russell Margerrison said Luminar is “always prepared” to look at “tactical” acquisitions, although he stressed that the company’s priority is to invest in the estate.
“If the right opportunity comes up at the right time we would be interested. We’re more opportunistic at the moment rather than [having] a policy that says we need to add x number of units in 12 months.”