London-based real estate investment firm Aprirose has acquired a UK pub portfolio from property reit British Land for £130 mln (€152 mln).
The 45-asset Spirit Pub Company branded portfolio comprises assets located across England, including in Brighton, Middlesbrough, Newcastle, Nottingham and Twickenham, with the majority in the North West and South East.
Manish Gudka, CEO, Aprirose, said: 'In recent years our engagement with the pub industry has increased considerably. The acquisition of the 45 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.'
The addition of the newly acquired assets brings the total number of pubs owned and run by Aprirose to just under 200.
'Against the backdrop of the 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,' Gudka concluded.
Aprirose was advised by Allsop.