The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Aprirose acquires 45-site Spirit Pub Company

01 April 2019 by

Real estate investment firm Aprirose has acquired the 45-site Spirit Pub Company from British Land for approximately £130m.

The purchase follows Aprirose's acquisition of 22 Marston's pubs for £15m in January and the De Vere Theobalds Estate hotel for £24.2m in December 2018.

The portfolio of 45 pubs includes properties in Brighton, Middlesbrough, Newcastle, Nottingham and Twickenham. It brings Aprirose's estate of leased and managed pubs to just under 200.

Manish Gudka, chief executive of Aprirose, said: "In recent years our engagement with the pub industry has increased considerably. The acquisition of the British Land pub portfolio is a sign of our growing commitment to this exciting sector. Our investment into the Spirit Pub Company-branded portfolio is testament to our experience and strong track record in this field.

"Against the backdrop of Brexit uncertainty we are finding unique opportunities to acquire interesting assets. The F&B sector is particularly appealing as we seek to build our own bespoke offering."

Aprirose acquires 22 Marston's pubs for £15m>>

Aprirose acquires De Vere Theobalds Estate hotel for £24.2m>>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking