No Christmas break for property agents or pubcos as activity stays high

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Things may have wound down for most of the country over the Christmas period, but pub companies and property agents kept their noses to the...

Things may have wound down for most of the country over the Christmas period, but pub companies and property agents kept their noses to the grindstone during December.

Several companies bought property in the run up to Christmas.

Christie & Co let the historical Jamaica Wine House in the City (pictured)​ to London-based pub company Massive.

Affectionately known as the Jam Pot, the pub stands on the site of the capital's first coffee house which was destroyed by the Great Fire of London. The present building dates from 1870 and has retained many original features.

Massive is planning a refurbishment programme before reopening the pub, which was closed at the time of the sale.

Another London company, Wam Bars, also expanded over Christmas with the purchase of the Black Bull and Katabatic - both in the Capital.

The Black Bull in Fulham opened in December, in time for the busy Christmas period, while Katabatic in Shoreditch was completed in December but is not yet open.

The bars, which are owned leasehold, free of tie and were not formally advertised, were sold by agent AG & G.

The activity was not just in London, however. North East brewer Federation Brewery bought the King's Head in the village of Shotley Bridge in County Durham. The freehold of the pub, which had been owned by a family since 1996, was sold by Christie & Co off an asking price of £185,000.

The brewery was said to consider the sale a good opportunity to buy a freehold interest in an established pub in a semi-rural location with good passing trade.

Related topics Property law

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