Punch adds another 14 sites to estate

Following the acquisition of the Milton 1 & 2 portfolio from real estate investment company Aprirose, Punch Pubs & Co. has added a further 14 pubs to its c.1,300-strong estate.

The deal to acquire the venues, currently operated by Blackrose Pubs, is a separate and additional to the Milton 3 acquisition (24 pubs), which completed earlier this year.

"We are delighted to welcome these 14 fantastic pubs into the Punch family," says Stephen Allen, group property director at Punch. "This acquisition reflects our continued dedication to expanding and enhancing our portfolio.

"We look forward to investing in these pubs and supporting them with our industry-leading resources, ensuring their long-term success. Key to this will be Queensway Advisory, who are providing management services as the pubs join the Punch business."

Which pubs are included in the deal?

This deal takes Punch’s total acquisitions in the last 12 months to more than 50 pubs. The venues include The Anchor, Bexley (pictured); Shield & Dagger, Bristol; The Auction House, Coventry; The Lochside, Newcastle upon Tyne; Vesper Gate, Leeds; The Claro Beagle, Harrogate; The North Camp, Farnborough; The Village Inn, Swindon; The Vine, Uxbridge; The Wheatsheaf, Camberley; The Fox, Cambridge; The Woodlands, St. Helens; Game Cock Inn, Blackburn; and The Royal Oak, Bolton.

"This sale aligns with our strategic goal of exiting our operational pub platform and reallocating capital towards new opportunities we are actively pursuing across several sectors with a range of investor partnerships," says Manish Gudka, CEO of Aprirose. "We appreciate the hard work of Blackrose Pubs in managing these assets, and we are confident that the pubs will continue to thrive under Punch’s ownership."

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