Brakspear “in the market” for new pubs

July 9, 2012

Brakspear, the Henley-based tenanted pub operator, has bought its first pubs for six years, acquiring two freehold sites in Middlesex from Enterprise Inns.  The pubs include the Fox & Hounds, Englefield Green, and the Phoenix, Sunbury on Thames. The move reflects Brakspear’s ambition to enhance its pub portfolio with strategic purchases and further acquisitions are likely later this year.

The pubs are located in Englefield Green, Surrey, and Sunbury, Middlesex, falling within Brakspear’s current trading area. One of the new pubs is a destination food outlet, the other is a wet-led operation. Both are a “perfect fit” to Brakspear’s existing estate, according to chief executive Tom Davies.

Davies said, “Brakspear is definitely in the market for the right pubs, in the right places. Both these purchases are quality sites, run by talented retailers with whom we are looking forward to building successful partnerships.

“We have acquired these outlets because we believe they will deliver long-term returns for us and our tenants.   They fit perfectly with our strategy of acquiring and investing in quality pubs, and attracting the best retailers to run them with us.  We believe Brakspear already has one of the best tenanted-only estates in the business and are looking forward to strengthening it even further.”

Brakspear owns great pubs to rent, tenancies, leases, in Henley-on-Thames, Oxfordshire and other parts of the south-east and south Midlands.