London-based operator Young & Co s Brewery has appointed Savills to handle the potential sale of its tenanted pub business.
The tenanted arm of Young’s, known as the Ram Pub Company, comprises just over 50 pubs, and accounts for 5% of total revenue. Its managed pubs division comprises in the region of 200 sites.
The pub company made the statement to the London Stock Exchange following a report by Sky News explaining that it had appointed the property agent about the potential sale of its tenanted estate.
“The Company confirms that Savills has been appointed and that it is in discussions regarding a possible sale,” it said.
Camden Market s ‘first ever pub’ unveiled
Following a four-month delay to its launch, new neighbourhood pub and restaurant, the Farrier will open in London’s Camden Market on 15 April.
Featuring a hidden courtyard complete with firepit and outdoor covered seating, the 2,100 sq ft site will debut with alfresco drinking and dining and an extensive selection of artisan and natural wines.
The beautifully restored horse hospital buildings – which its founders claim will be Camden Market’s first-ever pub – will open fully as soon as indoor hospitality can commence in keeping with the Government’s post-lockdown roadmap.
The Farrier is the brainchild of three friends from Leeds – George Hartshorn, Chris Gibson and Ollie Patterson – who have collectively worked in the hospitality and music industries for more than 30 years.