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

Capital Pub Company buys Peckham pub for £1.37m

08 April 2011 by
Capital Pub Company buys Peckham pub for £1.37m

The Capital Pub Company has announced plans to buy the Rye in Peckham, south-east London for £1.37m.

The latest property deal will take the number of Capital pubs to 34 and comes hot on the heels of another purchase. Earlier this week it announced the purchase of the freehold of the Mansion pub in Dulwich, also in south-east London.

Capital's spending spree looks set to continue as it has also revealed that another acquisition is "in the hands of lawyers" and that is pursuing a number of additional sites in a bid to grow its portfolio to 45-50 pubs over the next two to three years.

Clive Watson, chief executive, said:"Both these properties perfectly fit the location and quality criteria that we require when adding pubs to our estate. We continue to make significant progress in building our estate towards our stated goal."

Contracts have been exchanged and the acquisition of the Rye is expected to complete by the end of the month.

Capital Pub Company buys 33rd pub for £1.55m >>

Capital Pubs appoints operations director as it plans further expansion >>

Capital Pub Company's revenues jump 23% >>

By Janie Stamford

E-mail your comments to Janie Stamford here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
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