The Board of Admiral Taverns, the UK’s number one community pub group, is pleased to confirm completion of the acquisition of 137 pubs from Marston’s PLC (“Marston’s”). The nationwide portfolio is comprised of a mixture of predominantly tenanted, leased and retail-agreement sites.
First announced on November 4, 2019 the completion of the acquisition was greeted by Chris Jowsey, Chief Executive of Admiral Taverns saying: “On behalf of the entire team here at Admiral I am delighted to be able to officially welcome our new licensees and colleagues into the business.
“We are firm champions of the leased and tenanted model and through this latest acquisition have been able to acquire an excellent portfolio of pubs, for which we are confident we can unlock new growth opportunities through our award-winning and highly supportive approach.
“Our integration programme is well underway, and we look forward to developing these new working partnerships.”
Supported by investors Proprium Capital Partners and C&C Group, the last year has seen Admiral accelerate its growth strategy to expand its estate of community pubs, most recently acquiring 150 pubs from Star Pubs & Bars in October 2019. Admiral has consistently championed the merits of the supported-tied agreement and remains focussed on developing its estate through this model.