Real estate investment company Aprirose has acquired 22 Marston’s-branded pubs from property investor New River for £15m.
The portfolio has pubs located across the UK, 15 of which will be leased back to Marston’s. The acquisition will bring the total number of pubs in Aprirose’s portfolio to 94.
The acquisition follows Aprirose’s acquisition of Milton Pubs and Taverns in the summer of 2017 and the Wear Inns portfolio in August 2018, as the company continues to expand its food and beverage business.
Manish Gudka, chief executive of Aprirose, said: “Our investment in the Marston’s portfolio highlights our commitment to this sector and follows our move into a more hands-on-approach to the management since the acquisition of the two portfolios in the last 18 months.
“The expansion into this sector reflects our wider strategy of growing our food and beverage business as part of our diverse real estate portfolio. These well-located assets are a strong investment for our clients, as we continue to increase our presence across the UK in line with our future vision for the company.”