Young’s buys Cubitt House pubs for £30m

Pub operator Young’s has agreed a deal to acquire nine Cubitt House London Pubs, thought to be worth £30m.

 
The acquisition will add to Young’s estate of over 280 pubs with rooms in London and the south of England with a group of food-led pubs that were grown by Sam and Georgie Pearman, with chef Ben Tish leading the culinary direction.

Nine west London pubs are part of the deal, including a pub under development in Belgravia. The eight currently operating are: 

• The Barley Mow (Mayfair)
• The Builders Arms (Chelsea)
• The Coach Makers Arms (Marylebone)
• The Grazing Goat (Marylebone)
• The Orange (Belgravia)
• The Princess Royal (Notting Hill)
• The Thomas Cubitt (Belgravia) 

Young’s said that it had followed the Cubitt House pubs business for some time. It added that it “recognises the strong culture and exceptional teams that have contributed to its success, something which Young’s will look to retain, support and develop these qualities further”.

The pub group said that the acquisition aligned with its strategy to grow in London and operate well-invested pubs in prime locations. 

Chief executive Simon Dodd said: “We are delighted to be adding this collection of iconic pubs and pubs with rooms to the Young’s estate. Located in some of London’s most affluent neighbourhoods, these premium sites align perfectly with our strategy to selectively expand our business.”