Iconic Sydney restaurant Sails on Lavender Bay, a lower north shore dining mainstay since the 1970s, has quietly changed hands, with owners Greg Anderson and Patricia Nunes confirming the sale.
Former Aria chef Anderson has owned the waterfront restaurant since 2008.
Sails’ new owner, Bill Drakopoulos, told Mosman Collective he anticipates a settlement before the end of the month.
Sails’ seafood-heavy menu – with its emphasis on classic French techniques – will remain, along with its name.
Drakopoulos is a respected veteran of the Australian hospitality industry who has built one of the nation’s largest restaurant groups, with a preference for top class eateries boasting Sydney Harbour views.
His vast waterfront stable includes lower north shore hot spots Ormeggio at The Spit, Chiosco, Ripples at Chowder Bay and Milsons Point, plus the award-winning Aqua Dining, which will re-open next year above the revamped North Sydney Olympic Pool.
He said the Sails acquisition is “a wonderful addition” to a portfolio of 14 restaurants attached to his Sydney Restaurant Group.
“I have been attracted to Sails for a very long time,” Mr Drakopoulos said, “when I ran Pier One in the 1980s, I used to look across Sydney Harbour and dream about owning it.”
Bill Drakopoulos, owner of Sydney Restaurant Group, is the new owner of Sails on Lavender Bay.
He said Sails’ seafood-heavy menu – with its emphasis on classic French techniques – would remain, along with its name.
“It would be silly to change the name because Sails’ is known for five-star food, wine and service.
“It’s an iconic Sydney destination.”