Martin Hayes co founder and Managing Director of The Craft Beer Co has bought the virtual freehold of his iconic first pub in London, CASK Pub and Kitchen, from Greene King PLC.
Opened in 2009, it is considered by many to have led the way in London for a new type of pub focussed on craft beers. It was the launch pad for The Craft Beer Co which since 2011 has transformed the London pub landscape with nine sites opening, most recently on Old Street.
The deal was concluded privately for an undisclosed figure.
Commenting, Hayes said “He is extremely grateful to Greene King for all the help and vision they showed in helping him get his business off the ground back in 2009 when free of tie agreements and craft beer was not the fashionable trend it is today. Bob Luke, David Carless, Clive Chesser and Simon Longbottom were all instrumental in helping me to realise my dream”
The deal comes hot on the heels of the pub again being named in RateBeer’s ‘Best Bars in the World’ Annual Awards.
CASK Pub and Kitchen, 6 Charlwood Street, London SW1V 2EE
The Craft Beer Co operates sites across London (Brixton, Clerkenwell, Covent Garden, Islington, Limehouse, Old Street and St Mary Axe) as well as a site in Brighton.