The Thai Square Company, the operator of Thai restaurants, has acquired the Wig & Pen, the former private members’ club, on the Strand, London, off an asking price of £1.4m. M&C Report has learnt that the fast growing restaurant chain has acquired the freehold of the historic site from Devonshire Metro Ltd. It is thought the company plans to refurbish the site and re-open it later this year under its Thai Square restaurant brand. Fleurets acted on behalf of Devonshire Metro. The acquisition of the Wig & Pen property, whose origins date back to the Great Fire of London, follows the company’s purchase of two sites in the South East from Laurel Pub Company for a combined price of close to £3.5m just before Christmas. The company has started conversion work on the two sites, with both expected to open during the spring, becoming the group’s 14th and 15th restaurants, respectively. The group recently open its 12th and 13th sites in Marlow and St Albans respectively. The new restaurants join a stable of 11 other restaurants, 10 of which are in London with a further outlet in Windsor, Berkshire. The group's flagship venue is on Cockspur Street, Trafalgar Square.