Stonegate Group Puts 20-Property Investment Portfolio on the Market
Stonegate Group Puts 20-Property Investment Portfolio on the Market
Stonegate Group, the UK’s largest pub company, has placed a portfolio of 20 investment sites up for sale, with a combined asking price of just under £19 million. The company has enlisted Savills to market the freehold investment properties, which are spread across England, ranging from Barnard Castle in the northeast to Exeter in the southwest. The portfolio has a collective guide price of £18,760,000.
The pubs in the portfolio are occupied by a variety of high-quality individual and small multiple operators, housed in attractive, well-maintained buildings. Each of the properties is let on long-term leases with annual retail price index increases. The average annual rent is around £70,000, with prices reflecting net initial yields between 6.45% and 7.85%.
Notable pubs included in the sale are:
- The Fox in Bognor Regis, West Sussex, with a guide price of £1,480,000.
- The Dog & Partridge in Ascot, Berkshire, priced at £1,000,000.
- The White Horse in Billericay, Essex, at £1,380,000.
- Bedford Street in Leamington Spa, Warwickshire, valued at £1,330,000.
- Angerstein Hotel in Greenwich, southeast London, with a guide price of £1,330,000.
- Planet Nollywood in London’s Camberwell, priced at £1,160,000.
The properties can be purchased individually or in small packages, and the ongoing operations of the businesses within these sites will not be affected by any sale.
This move follows a recent announcement from TDR Capital, Stonegate Group’s backer, highlighting plans to reinvest in the business. Following the successful refinancing of the company, Stonegate is expected to have close to £300 million available for reinvestment over the next three years.
In July, Stonegate confirmed it had met its debt refinancing requirements, which significantly simplified and strengthened its balance sheet. As part of this restructuring, TDR Capital committed approximately £250 million in shareholder contributions, underscoring its continued support and confidence in the future of the company and the British pub industry.
