Brakspear buys two New Dawn sites
Brakspear has expanded into Hampshire with acquisitions from New Dawn.
Brakspear is expanding its leased and tenanted estate into Hampshire with the purchase of two pubs in the county from New Dawn Pubs.
The Rose & Crown near Alton (pictured) and The Royal Exchange near Bordon will join Brakspear's 110-strong L&T estate.
Both pubs are set in village locations and have been through significant investment, with Brakspear already identifying successful operators to run the pubs.
"These beautiful and popular rural pubs will be a perfect fit for our existing L&T estate," says Brakspear chief executive Tom Davies. "We're delighted to have secured them and created a presence for Brakspear in Hampshire for the first time.
"Both pubs enjoy an excellent reputation locally and we're confident that they will continue to thrive, particularly as we move into the summer, thanks to their attractive outdoor trading spaces."
Success in southern counties
Brakspear already operates sites in neighbouring counties such as Surrey and Berkshire, with the former including the 2023 National Pub & Bar of the Year, The Running Horses in Mickleham. Entries for the 2024 National Pub & Bar Awards are currently open.
"We intend these to be the first of many acquisitions during 2024, as we look for new pubs to join both our L&T estate and Honeycomb Houses managed division," adds Davies. "Despite the challenges our industry continues to face, we are confident that, with the right site and the right business partner or general manager, we can build a successful pub. We're looking forward to adding more successes to our estate this year."
"These pubs have been a fantastic part of our collection over the last several years, and a real hub for the local communities, just as we believe pubs should be," adds New Dawn Pubs managing director Mark Robson. "Their success is hugely attributed to the hardworking teams who have been the beating heart of these sites. We look forward to seeing their further development with Brakspear and wish them the best of luck."