Local independent operator, Koban Group Acquires Award-Winning 1573 Bar & Grill
Following their recent acquisition of The Lansdowne and Fenways from The Orange Tree group, local independent operator Koban Group is adding 1573 Bar & Grill to their repertoire of Leicestershire restaurants in a deal brokered for an undisclosed sum.
The multi award-winning restaurant, first opened in 2009, is located in the city centre in the external complex of Highcross Shopping Centre and is set in one of the oldest school buildings in England, The Old (Free) Grammar School built in 1573. Set over two floors, the dining room is a rustic yet contemporary interior featuring exposed brickwork and cool expanses of glass.
Using the best fresh seasonal produce, the menu will continue to serve fine grilled steaks, seafood, open sandwiches and fresh salads, perfectly char-grilled with a selection of mouth-watering sides and a selection of sauces.
As well as being a destination for city centre diners, 1573 can also play host to private parties, corporate networking and events in their historic upstairs space.
Raghu Kodakandala, co-owner of the Koban Group said; “This is an exciting investment for us and having established restaurants across Leicestershire for a number of years now, it is an honour to obtain one of the city’s finest establishments, bringing our total number of restaurants to five. We’re looking forward to working with the team at the restaurant and building on their successes to date”.
“In a time of uncertainty and the homogenisation of the High Street, we are committed to Leicestershire by investing locally, employing locally and using the finest local suppliers”, he added.
Koban Group, which was founded by Raghu Kodakandala and Dr. Bandrapalli, also successfully operates the White Peacock on New Walk, Leicester and the Indian fine dining restaurant, Aspects in Enderby.
The White Peacock Restaurant was recently crowned with having the best formal dining experience and best cocktail experience at the glittering award ceremony for the annual Leicestershire Tourism & Hospitality Awards.