The Hakkasan Group is to sell the 100-cover site of its failed fine-dining Japanese restaurant concept, Chrysan, in the City of London.
Opened at the end of 2012 in partnership with three-Michelin-starred Japanese chef Yoshihiro Murata, chef patron of Kyoto's Kikunoi restaurant, Chrysan - located at Broadgate West, 1 Snowdon Street - closed six months later.
The venture, which was Hakkasan's second Japanese restaurant in the capital following its purchase of Sake No Hana in 2012, was intended as the first of an international brand of restaurants.
Mark Calder, head of sales at Restaurant Property, which has been appointed to market the restaurant, said that he expects to achieve "a substantial premium" for the site. "This is an excellently located, very high specification restaurant close to L'Anima and HKK restaurants, which are both trading very strongly.
"As the economy has picked up so has the interest from operators to have more restaurants in the City and we expect intense competition for this site."
Launched in London in 2001 and owned by Abu Dhabi's property investment company Tasameem, the Hakkasan Group owns the Yauatcha, Sake No Hana and HKK brands. It now has outlets in the Middle East, India, China and the USA