Real estate investment firm Aprirose has acquired the 45-site Spirit Pub Company from British Land for approximately £130m.
The purchase follows Aprirose’s acquisition of 22 Marston’s pubs for £15m in January and the De Vere Theobalds Estate hotel for £24.2m in December 2018.
The portfolio of 45 pubs includes properties in Brighton, Middlesbrough, Newcastle, Nottingham and Twickenham. It brings Aprirose’s estate of leased and managed pubs to just under 200.
Manish Gudka, chief executive of Aprirose, said: “In recent years our engagement with the pub industry has increased considerably. The acquisition of the 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.
“Against the backdrop of 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.”