VIP Leisure has sold the Faith & Fusion nightclub in Peterborough for £1.6m to an unnamed bidder.

VIP acquired the 900-capacity venue five years ago, and added the self-contained Fusion part of the site last year.

Anthony Jenkins, associate director of Christie + Co, which acted on behalf of VIP on the deal, said: ”The sale of this major club is reassuring for the late night sector.

“Following on from the new licensing regime and July’s smoking ban, the industry was in a period of transition.

“However, this sale backs up the notion that it is business as usual in the club industry.”