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Christie & Co brokers the sale of 19 Marston’s pubs to Red Oak Taverns

On behalf of Marston’s PLC, specialist business property adviser, Christie & Co has brokered the sale of 19 tied tenanted pubs from Marston’s portfolio to Red Oak Taverns.

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The disposal was handled by Noel Moffitt, Senior Director – Pubs & Restaurants, who comments, “It was a pleasure to be involved in the off-market sale of these 19 tenanted pubs located across the UK, on behalf of Marston’s, whom we have worked closely with for many years and we would like to thank the team behind the deal. The venues are a very good fit for Red Oak’s portfolio in terms of location and quality and we have no doubt they will take the sites forward successfully. We continue to assist Marston’s with their disposal programme as per their strategic portfolio review and invite any interested parties to get in touch to discuss the assets currently available.”

Mark Grunnell, Co-founder and Chief Executive of Red Oak commented, “We are delighted to have completed the purchase of these high-quality pubs in a third successful deal with Marston’s. The ability to deliver, especially in times where the cost of capital is high, is crucial between any seller and buyer, and we have built a strong relationship with the Marston’s team.”

Further, Grunnell extended a warm welcome to the tenant partners transferring over to Red Oak, emphasizing the company's commitment to collaboration and investment. "I would like to extend a special welcome to those tenant partners transferring over to the Red Oak Taverns family. Initial welcome meetings have already been held, and we look forward to developing investment plans together in the coming weeks," he added.

In response to the acquisition, Andy Kershaw, Property Director, Marston’s commented: “We are pleased to complete this sale to Red Oak in line with our stated strategic objectives whilst matching a good partner for the long-term futures of these pubs and their operators.”

The acquisition marks the third transaction between the two companies in the last 15 months. With this latest acquisition, Red Oak’s portfolio has now grown to 246 pubs.

The transaction was facilitated by Christie & Co and Deloitte Legal, who acted on behalf of Marston’s PLC and Fleurets and Freeths LLP, who acted on behalf of Red Oak Taverns.


For further information on this press release, contact:

Bronte Hughes, Corporate Communications Manager

P: 020 7227 0794

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