Peach Pub Company acquires 11th site

Peach Pub Company has agreed to deal to create its eleventh pub and is looking for a joint-venture partner to invest in the site.

The second Almanack site will open in October, after the company signed a deal with retail property developer Hammerson for the site at its Highcross leisure development in Leicester city centre.

The new build pub is now in the final design stage. Alongside a bar area it will include an 80 cover restaurant and a private dining room with its own bar for 60.

Peach co-founder Lee Cash said: "This is a cracking site in a really high spec new development in Leicester that throws the door wide open to a large and vibrant adult leisure scene.

"It also ticks all the right boxes for us: a bright modern space in the best part of town, in an environment that's just waiting for the arrival of a great local place to eat, drink and socialise with friends."

To develop and run the site, Peach confirmed it is looking for a new joint-venture partner to work with the company as an investor partner on this and future sites.

"We're looking for a rising star - someone who wants to be the best in town and work with us to create that place right here at this exciting new site in Leicester," said Cash.

"It's a fantastic opportunity for someone with a lot of hands-on operational experience and flair to run their own business. It won't stop with the one site; we're looking for someone who can take on two or three great Peach pubs in time and really build a profitable business as our partner, just like we have with a number of partners very successfully before."

Peach has appointed catering and hospitality management recruitment company, Cartwheel to oversee applications. The deadline is June 19.

Peach bought two pubs from Punch Taverns in April for £2.85m. The deal to buy the Rose & Crown in Warwick and the Swan in Salford made Peach a majority free of tie pub estate for the first time. It aims to build an estate of 22 pubs and to shift the pubs' trading split from being food-led to 50:50 wet and dry.