Comptoir Group has agreed the sale and leaseback of its north London central processing unit for £2.7m.

The group announced yesterday that the sale had been agreed at a property auction on Wednesday and that completion is expected before the end of the current calendar year.

As previously announced, the group will use the funds from the sale for general working capital purposes and to assess further new restaurant opportunities.

Earlier this week Comptoir completed a £4m share placing. It saw founder Tony Kitous spend £1.2m on 8.2 million shares – taking his share to 48%. Chief executive Chaker Hanna bought 3.3 million shares for £499,999 (taking him to 15%), non-executive Jonathan Kaye bought 1.3 million shares for £199,999 (3.3%), while chairman Richard Kleiner spent £30,000 on 200,000 shares (0.3%).