Brunning & Price has instructed property agents to acquire suitable new sites for expanding its destination pub-restaurant portfolio in the UK.
The company, which has grown from a small collection of pubs in the northwest of England to a substantial 55-strong UK pub estate owned by The Restaurant Group, has tasked Christie & Co with uncovering potential locations.
Brunning & Price’s expansion plans were put on hold in 2020 due to the pandemic but following its owner’s £175m recapitalisation it has been given the green light to commence a new proactive search for acquisition opportunities.
It is seeking large and period or characterful leasehold or freehold sites in affluent rural, town and city centre locations across England and Wales.
Suitable properties include either trading or closed licensed premises, or commercial buildings that may be suitable for conversion. Small to medium-sized hotels will also be considered.
A minimum plot size of 1.5 acres is required for rural destination sites and 0.75 acres for urban or suburban town locations.
Additionally, 5,000 square foot of floor space and external trading space for 50 to 100 covers is required for both.
The acquisition project is being led by Simon Chaplin and Noel Moffit, senior directors of corporate pubs and restaurants in Christie & Co’s hospitality team.
In a joint statement, they said: “We are delighted to pick up where we left off in the search for further Brunning & Price sites. The net has now widened as TRG seek to expand outside their traditional heartland, and we are now able to review suitable properties throughout England and Wales, opening up many more opportunities for B&P and those wishing to sell.”