Community pub group, Admiral Taverns, is acquiring a portfolio of 137 pubs across England and Wales from brewery, pub and hotel operator Marston’s for £45.9 million.
Over the last year, Admiral has accelerated its growth strategy to expand its estate of community pubs. Last month, it acquired 150 pubs from Star Pubs & Bars.
This latest deal adds yet more pubs to its expanding portfolio as the group continues its strategy pf acquiring, integrating and developing sustainable tenanted pub businesses.
To support the integration of the pubs in the portfolio which currently operate under retail-agreements, the group has formed a partnership with experienced managed-operator Helen Standing.
This partnership will facilitate the smooth transition of these pubs to the Admiral platform whilst the Group evaluates the longer-term opportunities for these sites.
“We remain fully committed to the leased and tenanted model and through this acquisition have been able to acquire an excellent portfolio of pubs which we look forward to developing through our award-winning and highly supportive approach,” said Chris Jowsey, Chief Executive of Admiral Taverns.