The White Hartin Ampthill, Bedford, is to re-open early next year following a joint investment from Oakman Inns and Restaurants Limited and property owners Punch Taverns.
The pub, an 18th Century Grade Two Listed Coaching Inn situated on Dunstable Street, is at the centre of the £1.3million joint investment that will see the site completely refurbished.
Oakman Inns and owners Punch Taverns have agreed a 25 year lease agreement as part of the investment and the site is planned to open in Spring 2015.
Punch Taverns’ Partnership Development Manager, Julian Searle, said: “We are keen to develop business relationships with the very best operators and, in particular, those with strong covenants and who are prepared to make a significant capital investmentalongside our own.
“Oakman clearly fit those criteria and we are confident that the White Hart will be a huge success for them.”
Oakman CEO, Peter Borg-Neal, added: “Ampthill is the kind of prosperous market town we want to trade in and the White Hart is the best building in the town.
“It has been a little unloved in recent years and we want to restore it to its former glory. We’re delighted to have announced this deal with Punch Taverns and we strongly believe that this deal will create huge value for both Oakman and Punch.”
For more information about Punch Taverns click here
For more information about Oakman Inns click here