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Eversheds Sutherland advises Aprirose on acquisition of Spirit Pub Company's branded pub portfolio

  • United Kingdom
  • Corporate - Deal alert
  • Real estate
  • Real estate sector

04-04-2019

Eversheds Sutherland has advised Real Estate investment company Aprirose on its acquisition of Spirit Pub Company's branded pub portfolio for approximately £130m.

Aprirose are a real estate investment firm founded in 1987 and manage a portfolio of more than £1 billion.

This is the latest deal for Aprirose within the sector and will see their portfolio climb to nearly 200 sites following the acquisition.

A multi-disciplinary team led by real estate partner Lee Jackson supported by corporate partners Aleen Gulvanessian and Stewart Womersley, finance partner Robert Ludwig and corporate associates Hannah Rashid and Karim El-Borhami, worked closely with David Kendall Head of Transactions and Legal at Aprirose to secure the purchase.

Aprirose's CEO Manish Gudka said: "In recent years, our enagagement with the pub industry has increased considerably. The acquisition of the 45 British Land pub portfolio is a sign of our growing commitment to this exciting sector. Against the backdrop of Brexit uncertainty, we are finding unique opportunities to acquire interesting assets. The F&B sector is particularly appealing as we seek to build our own bespoke offering."

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