Brunning & Price kick-off new expansion push through Christie & Co
Specialist business property adviser, Christie & Co, is delighted to announce it has once again been retained by Brunning & Price to acquire suitable new sites for its expanding destination pub-restaurant portfolio in the UK.
Founded in 1989, Brunning & Price has grown from a small collection of pubs in the northwest of England to a substantial 55-strong pub estate spanning the country and has been part of The Restaurant Group (TRG), one of the UK’s largest chain restaurant and public house operators, since 2007.
Over the past nine years, the highly successful brand has acquired a number of new sites with Christie & Co’s assistance. These ambitious expansion plans were put on hold in 2020 due to the COVID-19 pandemic however, following its recapitalisation of £175 million this year, The Restaurant Group has given the brand the greenlight to commence a new proactive search for acquisition opportunities.
On behalf of the group, Christie & Co is seeking large and period or characterful leasehold or freehold sites in affluent rural, town and city centre locations across England and Wales. Suitable properties could include either trading or closed licensed premises, or commercial buildings that may be suitable for conversion. Small to medium-sized hotel could also be considered.
A minimum plot size of 1.5 acres is required for rural destination sites and 0.75 acres for urban/suburban town locations. Additionally, 5,000 square foot of floor space and external trading space for 50-100 covers is required for both.
The acquisition project is being led by Simon Chaplin and Noel Moffit, Senior Directors of Corporate Pubs & Restaurants in Christie & Co’s Hospitality team. They commented, “We are delighted to pick up where we left off in the search for further Brunning & Price sites. The net has now widened as TRG seek to expand outside their traditional heartland, and we are now able to review suitable properties throughout England and Wales, opening up many more opportunities for B&P and those wishing to sell.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7448 8849 or E: bronte.hughes@christie.com
Contact the agent:
Simon Chaplin, Senior Director – Corporate Pubs & Restaurants
P: 07764 241351 or E: simon.chaplin@christie.com
