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Wednesday, November 22, 2023

Tchenguiz acquires 183 pubs from Enterprise, S&N; and Globe Pub for 150m

Robert Tchenguiz has agreed deals to acquire 183 pubs for a total of 150m from Enterprise Inns, Scottish & Newcastle and the Globe Pub Company. The deals are being made through Retail & Licensed Properties Ltd, a newly-formed company established by R20, Tchenguiz's investment vehicle.

The acquisitions include Enterprise's entire presence of 137 pubs in Scotland, as well as 46 pubs from S&N; and a subsidiary of Globe Pub Company. They take R20's leased and tenanted portfolio to over 550 pubs, including R20-owned Globe, established in 2004.

All acquired pubs will be managed and supplied by S&N;, which already supplies Globe. Tchenguiz said, "This acquisition expands our investment in the leased and tenanted pub sector and strengthens the successful partnership between S&N; and R20."