North East commercial property, hospitality and leisure operator Sayturk Group has successfully taken over the lease of 93 Grey Street, Newcastle with the help of Sweeney Miller Law.
The premises, currently the home of European-style café bar Société, occupies a prestigious location at the top of Newcastle's famous Grey Street, a short distance from Grey's Monument and the Theatre Royal.
Sayturk Group, headed by CEO Zafer Saygilier, is a high-growth property development, hospitality and leisure operator based in the North East and manages several individually designed sites, including concept bars, late-night venues, pubs, cafes, and luxury holiday apartments. The acquisition of Société adds to the ongoing expansion of the Group's already impressive leisure portfolio.
The ambitious property firm was advised by the Commercial Property team at leading commercial law firm Sweeney Miller Law, who successfully negotiated the new lease and business purchase, as well as dealing with the licensing for the premises.
Commenting on the transaction, Sweeney Miller Managing Partner, Surbhi Vedhara, said:
“It was a pleasure to work alongside such an enterprising business with plans for continuous growth in the region. This will be a great addition to Sayturk Group’s existing portfolio and the Grey Street hospitality scene as a whole.
My Sweeney Miller colleagues and I look forward to working with Zafer and the team again on their next venture, and we are excited to see them continue to make an impact in the North East and beyond!”
Zafer Saygilier, CEO of Sayturk Group, said:
“Surbhi and her team's expertise and knowledge in the intricate maze of business transactions is invaluable. They not only possess an astute understanding of the complex legal frameworks that govern commerce but also demonstrate sharp business acumen. Their ability to distil dense legal jargon into actionable advice is invaluable to entrepreneurs and companies like ours. We see them as our business partners in the growth path we are pursuing.”
This recent transaction comes on the back of several high-profile deals in Newcastle’s busy hospitality sector worked on by Sweeney Miller Law’s busy Commercial team which includes Liberty House on Westgate Road, Osbornes in Jesmond, and Swarley’s in the Bigg Market.