Fuller's to offload 37 pubs to Admiral Taverns in £18m deal

Wednesday, 29 May 2024, 14:09

Fuller's, a West London hospitality operator, has reached an agreement to sell 37 sites to Admiral Taverns for £18 million. The transaction is part of Fuller's strategy to streamline its assets and focus on core operations. The deal includes a premium of £1.6 million over the gross asset value of the pubs, marking a strategic move for both companies.

https://store.livarava.com/5d8b46cf-1dc6-11ef-a3e3-9d5fa15a64d8.jpg — Fuller's to offload 37 pubs to Admiral Taverns in £18m deal

Fuller's to sell 37 pubs to Admiral Taverns

The West London hospitality operator, Fuller's, has finalized an agreement to offload 37 sites from its tenanted and managed inns division to Admiral Taverns, a Chester-based firm. The sale is part of Fuller's strategy to optimize its asset portfolio.

Deal Details:

37 pubs sold at a premium
Transaction worth £18 million
Strategic move to streamline operations

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