Two Newcastle city centre venues acquired by growing hospitality business

A Newcastle bar and nightclub operator has expanded its portfolio of city centre venues, with the acquisition of The Mushroom on Grainger Street and Mimo on Pudding Chare.

Market Shaker Group has added the sites to its existing group of venues: Market Shaker and Pumphrey’s which are both on the Cloth Market and Frate, which is located behind Grey Street.

Robert Clarkson, co-founder of Market Shaker Group, said: “We first viewed Mimo more than 10 years ago so it’s incredibly exciting to have finally been able to add it to our portfolio.

“Along with The Mushroom, it’s been part of Newcastle’s nightlife for a long time and we plan to make sure it’s a place people enjoy visiting for many more years to come.”

The Mushroom is a basement bar/nightclub in Newcastle city centre and Mimo is a two storey building which currently houses a bar on the ground floor and a nightclub on the first floor.

“We’ve got big ambitions for Mimo which we’ll be announcing soon,” said Robert. “We’ve already successfully given Pumphreys a new lease of life, and most recently we’ve built Frate from the ground up, and Mimo will be the next on our list for a transformation. And The Mushroom will stay as it is, as a much-loved venue for so many people in Newcastle.”

Newcastle law firm, Sintons, managed the purchase of the lease of both sites on behalf of Market Shaker Group.

Alok Loomba, partner at Sintons and expert in leisure and hospitality, commented: “Sintons’ has worked alongside Robert and his team for more than a decade, as they’ve grown their business from one city centre venue to their current five.

“It’s been a real pleasure to be involved in the development of such a variety of sites, which have all gone on to be fixtures in our city’s social scene.”

The corporate aspects of the transaction were dealt with by associate Jonathan Tutu.

Find out more about Mimo here.

Sintons’ Leisure Services Team have a track record for working with some of the North East’s and many national, well known operators and developers of Hotels, leisure and hospitality venues.

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