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04 November 2019 | Pubs

Christie & Co exchanges on the sale of 137 Marston’s Pubs

Specialist business property adviser, Christie & Co, has confirmed the sale of 137 Marston’s pubs to Admiral Taverns for £44.9million.

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The portfolio includes a mix of pubs from across Marston’s tenanted and franchised divisions, comprising mainly  smaller wet-led pubs. 
 
Noel Moffitt, Senior Director – Corporate Pubs & Restaurants at Christie & Co comments, “We advised Marston’s that the optimal route to value was best realised through marketing the portfolio as a single package. The current lack of opportunity to acquire material portfolios as a group, combined with strong buyer appetite across a range of buyer pools, from family-run pub companies to private equity and international investors resulted in strong interest in the Marston’s portfolio. We’re delighted that Admiral Taverns were the successful bidder and look forward to seeing them execute their strategy to grow value.”

For further information on this press release, contact:

Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com