Red Oak Taverns has completed the acquisition of the Temple Inn in Liss Forest, Hampshire increasing their pub estate to 206 freehold leased and tenanted pubs.
Speaking about the purchase, property & acquisitions director for Red Oak Taverns, Graeme Bunn said, “We are delighted to have added this quality asset to our estate which complements the pubs we have acquired in Hampshire, Surrey and West Sussex over the last 18 months. We have partnered with an exceptional local operator to take over the running of the pub tenancy and who will be introducing an exciting new food menu within the coming days”.
Following four acquisitions this year Red Oak continues on the trail for new sites. Co-founder and CEO, Mark Grunnell said, “This is the first acquisition success by our new property & acquisitions director, Graeme Bunn. I am delighted that he has hit the ground running and has other opportunities currently under contract.
We are mindful of the challenges that our sector is facing and will continue to face over the coming months and year, but we are well capitalised, and we will remain on the look-out for well-located quality community pubs”.
The pub was a former Red Mist Leisure operated site and the sale was handled by Christie & Co.
ENDS
Background Red Oak Taverns
Formed in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial, independent national pub company which comprises 206 freehold leased and tenanted pubs. The Company is privately-owned by its co-founders and a small number of like-minded individual investors. The pub estate is mainly concentrated in the South, South West, North West and the Midlands with some sites located nationally. Red Oak Taverns prides itself on its flexible partnerships with its Tenant Partners with the aim of developing long-lasting relationships.
Further details can be found on the Company’s website: www.redoaktaverns.com
Press release from Darls.
For further press information on Red Oak Taverns contact:
Elaine Beckett
Phone – 07802 782115
E-mail – elaine@darlscommunications.co.uk