Admiral Taverns acquires 18 pubs from Marston’s
These 37 pubs strengthened Admiral’s presence in the South-East of England, taking the Group’s number of pubs in the region to over 300
Admiral Taverns has announced that it has reached an agreement to acquire a portfolio of 18 freehold pubs from Marston’s PLC.
The portfolio of 18 wet-led establishments spans the UK, located in counties including Dorset, Derbyshire and Yorkshire.
The acquisition brings Admiral’s total estate to over 1,420, further strengthening its portfolio of community focused pubs.
The deal is Admiral’s second of the year, following its purchase of 37 pubs from Fuller, Smith and Turner PLC in May.
These 37 pubs strengthened Admiral’s presence in the South-East of England, taking the Group’s number of pubs in the region to over 300.
Chris Jowsey, CEO of Admiral Taverns, said: “I’m looking forward to welcoming these licensees to Admiral Taverns, and working together to grow these pubs as profitable small businesses and social hubs for their communities. We have a strong relationship with Marston’s and are delighted to make this acquisition, delivering against our strategy to grow our estate of profitable, community pubs.
“The deal also highlights the positive momentum and real resilience we’ve seen in the sector, particularly across our wet-led community estate as people have used their local pubs in recent months to enjoy a summer of sport with both the Euros and the Olympics encouraging people to visit. We remain optimistic that our licensee-centric approach, entrepreneurial licensees and high-quality estate continue to put us at the forefront of opportunities in our wider market.”
Andy Kershaw, director of property at Marston’s, added: “This sale further demonstrates our objective to review our estate in line with our strategic goals. We have a long-term relationship with our colleagues at Admiral, and it is the perfect home for these pubs which align well to their business.”
