Shepherd Neame Brewery, based in Faversham, is due to take over 13 public houses in two deals worth a combined £13.4 million.
The first deal involves the brewery buying eight pubs, based in Kent, Surrey and Sussex, from rival Enterprise Inns. All of these pubs are considered to be high quality and are located in a unique or high-profile position.
The second deal involves the brewery transferring five of its tenanted sites in Canterbury and Faversham into its managed estate. The pubs are currently operated by UES Ltd, which is owned and managed by long-standing tenants Dan Sidders and Gareth Finney. Following the deal the pair will join the brewery’s head office team.
The five pubs are The Albion Taverna and The Limes in Faversham and The Shakespeare, The Parrot and Ye Olde Beverlie in Canterbury.
Once the deals are both completed in the next four weeks, Shepherd Neame will have 336 pubs in total, 59 of which are managed, 270 tenanted and seven under commercial free-of-tie leases.
Chief executive Jonathan Neame said: “We are delighted to end another successful year with these excellent opportunities to enhance the quality and profile of our pub estate and to bring new skills in to the team.
“We also welcome Dan and Gareth to the team. We have long admired their impressive standards of service and imaginative and high quality food skills and greatly look forward to working with them in the future.”
Mr Finney said: “We have benefited from investment, training and a broad range of support programmes to build a very successful business. We are excited to be joining the retail team.”
The brewery also disclosed that like-for-like sales in its managed houses grew 4.6% in the 49 weeks to June 4, while like-for-like earnings before interest, taxes and other charges was up 2.4% in its tenanted estate in the 48 weeks to May 28. It said its annual results are anticipated to be in line with market expectations.
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