Admiral Taverns buys 37 Fuller's freeholds
Admiral Taverns has bought 37 freehold pubs from Fuller’s for £18.3m.
As the mergers and acquisitions market continues to gather pace in 2024, Admiral Taverns has become the latest pub company to purchase a sizeable group of sites this year.
The community pub group, owned by Proprium Capital Partners, has reached an agreement to acquire a portfolio of 37 freehold pubs from Fuller's for £18.3m, taking the Admiral estate to over 1,420 pubs.
The group of 37 community, wet-led sites span across London and the Home Counties, including Surrey, Sussex and Hampshire. The acquisition takes Admiral’s presence in the south east of England to over 300.
"I’m delighted to welcome our new licensees to the Admiral team, and we’re excited by the opportunity to develop these pubs in partnership together," says Chris Jowsey, CEO of Admiral Taverns. "Recent years have seen Admiral build a strong track record in delivering profitable growth across our estate, underpinned by continuous targeted investment to unlock new opportunities, supporting community pubs to thrive. These 37 pubs are an excellent acquisition for our business, increasing our reach in the south east of the UK."
Admiral says its focus now is to help licensees maximise the revenue potential of their pub, while providing a vibrant social amenity for their community.
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