Brakspear acquires two sites from New Dawn Pubs
The Rose and Crown in Upper Farringdon and The Royal Exchange in Lindford
Pub operator Brakspear is expanding its leased and tenanted estate into Hampshire with the purchase of two pubs in the county from New Dawn Pubs.
The Rose and Crown near Alton and The Royal Exchange near Bordon will join Brakspear’s 110-strong L&T estate. Both pubs benefit from “idyllic” village locations, significant investment and an existing trade in food and drink. Brakspear is said to have already identified successful operators to run the pubs.
The Rose and Crown is located in Upper Farringdon, near Alton. It is a traditional village pub set within the South Downs National Park, which its large garden overlooks.
The Royal Exchange is a pub located at the heart of Lindford, near Bordon. It underwent a major refurbishment in autumn 2022.
Brakspear chief executive Tom Davies said: “These beautiful and popular rural pubs will be a perfect fit for our existing L&T estate. We’re delighted to have secured them and created a presence for Brakspear in Hampshire for the first time.
“Both pubs enjoy an excellent reputation locally and we’re confident that they will continue to thrive, particularly as we move into the summer, thanks to their attractive outdoor trading spaces.”
He added: “We intend these to be the first of many acquisitions during 2024, as we look for new pubs to join both our L&T estate and Honeycomb Houses managed division. Despite the challenges our industry continues to face, we are confident that, with the right site and the right Business Partner or general manager, we can build a successful pub. We’re looking forward to adding more successes to our estate this year.”
New Dawn Pubs managing director Mark Robson added: “These pubs have been a fantastic part of our collection over the last several years, and a real hub for the local communities, just as we believe pubs should be. Their success is hugely attributed to the hardworking teams who have been the beating heart of these sites. We look forward to seeing their further development with Brakspear and wish them the best of luck.”