Brakspear buys two pubs, looks for more
9 July, 2012
Tenanted pub operator Brakspear has bought two freehold sites in Middlesex from Enterprise Inns—its first acquisitions for six years.
The pubs are in Englefield Green and Sunbury, extending the Oxfordshire-based company’s trading area. They comprise both wet-led and food-led businesses, and take Brakspear’s total estate to about 140.
Brakspear said further acquisitions were on the cards for the rest of the year. Chief executive Tom Davies, pictured, said: “Brakspear is definitely in the market for the right pubs in the right places. Both these purchases are quality sites, run by talented retailers with whom we are looking forward to building successful partnerships. We have acquired these outlets because we believ they will deliver long-term returns for us and our tenants. They fit perfectly with our strategy of acquiring and investing in quality pubs, and attracting the best retailers to run them with us. We believe Brakspear already has one of the best tenanted-only estates in the business and are looking forward to strengthening it even further.”
From Enterprise’s point of view, the disposals continue its progress along a strategy of paring down its estate to pay off debt and concentrate on a core group of pubs.