Forbes Solicitors supports purchase of popular restaurant property

By Forbes Solicitors

11 Nov 2021

clog-billycock.png

The law firm’s commercial property team supported the purchase of the land that’s home to The Clog & Billycock in Pleasington, which was bought for an undisclosed cash sum by the Zedex Group. 

Headed up by self-made property investor Ziafat Ali, the Zedex Group owns a portfolio of commercial and residential properties across Lancashire and has earmarked £10million of funds for further investment over the next 18 months. 

Ziafat Ali, founder and CEO at the Zedex Group, comments: “There was a lot of interest in this property, and we’re exceptionally pleased to have added it to Zedex’s growing portfolio. The restaurant is in a prime location and trades particularly well. The property was always going to attract a lot of interest and it was important that we were well prepared and primed to act decisively and quickly. 

“Forbes Solicitors provided timely legal expertise and excellent knowledge of the local market. This was important in helping us move forward quickly, and with confidence, to secure the type of property we’re keen to invest more in, as we expand and diversify our property portfolio.”

The one-acre Clog & Billycock site becomes the first restaurant in Zedex Group’s portfolio, which also includes industrial, offices, retail and social housing assets. 

Existing lease agreements for The Clog and Billycock will be honoured as part of the property purchase, with the restaurant’s trading unaffected by the change in the property’s ownership. 

Ziafat Ali concludes: “This property purchase is representative of the types of investments that we’re looking at across the region. The popularity and success of the existing restaurant business, backed by a strong covenant and one of the most prestigious residential locations in Lancashire, make it an investment with sustainable long-term potential.

“Zedex Group has gone from strength to strength in recent years, and we’ll continue to enhance our resilience and performance by expanding the sectors and places in which we invest. Reliable legal advice and a law firm that works closely together with us, such as Forbes Solicitors, will support us in realising our investment ambitions.”

Latest news

1

Accrington-made Vita Advanced Mattress wins prestigious 'Best of the Best' Award at Interzum 2025 Dr. Emily Schweissinger - Evonik, Dr. Roland Hubel - Evonik, Dr Mike Murray - The Vita Group, Natalie Watson - The Vita Group, Chris Hupfeld - Coverstro, Dr. Annegret Terheiden - Evonik and Dennis Wagner - Covestro

Accrington-made Vita Advanced Mattress wins prestigious 'Best of the Best' Award at Interzum 2025

21 May 2025

2

Napthens advises Calico Homes on land acquisition for £23m Dovestone Gardens extra care facility in Burnley Paul Hardy

Napthens advises Calico Homes on land acquisition for £23m Dovestone Gardens extra care facility in Burnley

21 May 2025

3

Construction begins on new Civil Service office building in Talbot Gateway Alan McBride Muse Will Town Defence Infrastructure Organisation Jennifer Chard Defence Business Services Cllr Lynn Williams Blackpool Council Garry Bowker Vinci

Construction begins on new Civil Service office building in Talbot Gateway

20 May 2025

4

Skiddle raises over £750,000 for charities Skiddle cheque presentation to Alder Hey Hospital

Skiddle raises over £750,000 for charities

20 May 2025

5

Former Victorian Hotel approved for residential conversion The site

Former Victorian Hotel approved for residential conversion

19 May 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV122 May/June Launch Event
121 Lancashire Business View Magazine Launch
Networking
21 May 2025

LBV122 May/June Launch Event

Lancaster and Morecambe College, Lancaster, LA1 2TY

08:30 - 10:30

Sub36 Networking
Networking
11 Jun 2025

Sub36 Networking

British Jewellery School, Scorton, PR3 1BA

15:00 - 17:00

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200pxtrident 2
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

The Business Network Central & East Lancashire
LBV Hub Networking
22 May 2025 - 22 May 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Preston Freelancer Meet-Up: May
Freelancer Meet-Up May.png.png
LBV Hub Networking
22 May 2025 - 22 May 2025

Preston Freelancer Meet-Up: May

society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Amber River True Bearing quarterly investment seminar
LBV Hub Seminars
22 May 2025 - 22 May 2025

Amber River True Bearing quarterly investment seminar

Cottons Hotel & Spa , Knutsford, WA16 0SU

16:00 - 18:00

Liverpool Business Expo 2025
https---cdn.evbuc.com-images-881365363-4862066883-1-original.20241023-085714.jpeg.jpg
LBV Hub Awards
23 May 2025 - 23 May 2025

Liverpool Business Expo 2025

Aintree Racecourse , Liverpool , L9 5AS

09:00 - 15:00

Advantage: AI – A Workshop for Business Leaders – May 29
Artboard 15.png.png
LBV Hub Seminars
29 May 2025 - 29 May 2025

Advantage: AI – A Workshop for Business Leaders – May 29

Door4 Office, Burnley Wharf, Manchester Road, Burnley, BB11 1JG

09:00 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin