Heineken sells off 150 former Punch pubs
The pubs set to be placed on the market will be from all across the UK.
Heineken completed the deal to acquire 1,900 Punch pubs in 2017, as part of a back-to-back deal with Patron Capital.
In August 2017, investment firm Patron Capital completed its £1.8bn acquisition of 3,200 Punch pubs, as part of the "complex" two-part deal.
Regular review
On the sale of the 150 pubs, a spokesperson for Star Pubs & Bars said: “We are in the process of marketing a small number of pubs for sale. We have consistently said that we regularly review our estate, and with the growth of any pub estate there is also ongoing optimisation which includes some disposals.”
Campaign for Real Ale (CAMRA) national director Ben Wilkinson was positive about the news.
He said: “Having decided to dispose of these pubs, we welcome Heineken’s responsible decision to market them as going concerns and seek a different pub operator to take them on."
Fair chance
Wilkinson added: “Most important though will be the intention of the purchaser, and local communities deserve rapid assurances from any new operator that they are committed to the future of these pubs rather than asset stripping.
“Academic research shows local pubs help people live happier lives, have more close friends, and stay more connected with their communities. It's essential that these pubs, many of which are at the heart of their local area, are given a fair chance to thrive under new ownership.”
The pubs that will be for sale have not yet been revealed.
To find out more about pubs for sale, lease and tenancy visit our property site.
