Acquisition Resources

Adnams, the Southwold brewery, has appointed agents Christie & Co to sell nine of its pubs. The company, which has a portfolio of 80 public houses, said it had identified the nine suitable for disposal after a recent review. The move is in line with its intentions to improve the quality of its estate, and develop pubs focusing on cask beer and good food.

"Our strategy at Adnams is to develop a pub estate that reflects the underlying values of the Adnams brand," said Rupert Farquharson, director of retail at Adnams.

"We are working closely with our tenants to develop strong, sustainable businesses best placed to serve today's consumers. The small number of pubs we are putting on the market will be ideal for other pub operators."

Anthony Jenkins, associate director of corporate pubs at the agent, said: “Opportunities to acquire pubs of this quality are extremely rare and they are likely to appeal to a large number of pub operating companies, breweries and other retailers.”