Punch acquires 24-strong portfolio

Punch Pubs & Co has completed the acquisition of the Milton Three portfolio, adding 24 pubs to its 1,300-site estate.

The pubs, formerly part of Wear Inns, are located in the north east and Yorkshire, and include The Black Bull in Morpeth, The Cross Keys in Washington, and The New Inn in Wetherby.

Initially marketed as 25 venues, the pubs consists of 21 freeholds and four leaseholds. Over half the purchased estate has been refurbished since 2019.

"We are delighted to have acquired these excellent pubs, and we are excited about the future as we welcome them into the Punch family," says Punch Pubs & Co CEO Clive Chesser. "I would especially like to thank Kamran Aziz and the Queensway Advisory team, who continue to provide their management services as the pubs and their teams transfer into the Punch business.

"With the help of our industry-leading investment and support, we will ensure these pubs remain at the heart of their communities and continue to thrive for many years to come. We are looking forward to providing further updates as our plans progress."

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