Capital adds two pubs
Capital Pub Company, the London-based managed house chain, has acquired two more pubs, taking its estate to 29.
The group, which is led by chief executive Clive Watson, has taken a 25-year lease on the Uplands in East Dulwich for a £50,000 premium from a private individual.
It has the option to secure the freehold at a later date and intends to spend £250,000 on refurbishing the venue.
Capital has also purchased a 40% stake in the Havelock pub in Brook Green, London, from one shareholder in a group of five. Watson said he was confident the company could add a further three to four pubs in 2010.
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