Red Oak Taverns has completed its first acquisition of 2023, purchasing three freehold pubs from Marston’s.
Co-founder and Chief Executive of Red Oak, Mark Grunnell said, “This a great start to the year with our continuing acquisition programme enhancing our growing pub estate. By focusing on multiple and single site pub packages we are evolving our diverse portfolio, providing unique and flexible pub opportunities within the sector.
“These three quality pubs, two located in the Midlands and one in the South-West, complement our pub portfolio and we are looking forward to welcoming the new tenant partners to our business”.
Graeme Bunn, Property & Acquisitions Director handled the purchase and added “Delighted to see three more pubs added to our expanding estate. Our team, including Freeths and Fleurets, worked swiftly and enabled the purchase to be completed in under 4 weeks from agreed Heads of Terms”.
The pubs are all operated free of tie.
ENDS
Background Red Oak Taverns
Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises over 200 mainly 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. 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 Communications.
For further press information on Red Oak Taverns contact:
Elaine Beckett
Phone – 07802 782115
E-mail – elaine@darlscommunications.co.uk