Independent pub group Urban Pubs & Bars has agreed a deal to acquire five hospitality venues across London for an undisclosed price.
The acquisitions include The Prince Regent in Herne Hill and a package of four established sites from Brunning & Price comprising The Roebuck and The Steam Packet in Chiswick, The Queens in Crouch End and Coco Momo in Kensington.
Following completion of the deal later this month, Urban Pubs & Bars will operate 65 venues across London delivering annual sales of more than £100m.
Chris Hill, managing director of Urban Pubs & Bars, said: “Well run, well positioned businesses are thriving in the capital. We’re seeing robust demand across our estate and strong like-for-like growth, which gives us the confidence to keep investing. These latest acquisitions are exactly the kind of sites we look for and we’re excited about the opportunities they present as we continue to grow our London estate.”
