Wed, 04 Jun 2025 | COMMERCIAL PROPERTY
Brew Propco Limited, a company majority owned by Westbrooke Private Capital, has acquired 83 long leasehold pubs across South and West Wales after securing a commercial investment loan from Hodge Real Estate Finance.
The portfolio comprises a number of well-established and highly regarded pubs which were previously owned and operated by well-known Welsh brewery Brains and are currently leased to major pub operator Marston’s on a 25-year term.
Cameron Hayes, director at specialist capital advisory Arc & Co, introduced the transaction and was key in the delivery of the deal. The acquisition highlights Hodge’s appetite to lend for large, well-structured deals in the leisure and hospitality sectors, particularly in its domestic market of Wales.
This was emphasised by Gareth Davies, senior business development manager, Real Estate Finance at Hodge, who said the firm was "proud to have backed a real estate transaction of this scale in Wales, our home and our heartland.”
He continued: "Supporting the acquisition of 83 long leasehold pubs across the South and West of the country demonstrates not only our commitment to the leisure and hospitality sector, but our ongoing support for businesses in Wales. Pubs remain a vital part of the social fabric, and we’re excited to be part of a deal that continues to bring communities together."
Westbrooke Private Capital’s Head of Real Estate James Lightbody added: "We’re delighted to complete this transaction with the support of our lending partner, Hodge. We’ve been involved with this portfolio since its original disposal by Brains in 2021 and this transaction with Hodge allows us to continue to support the sector and those pubs which are cornerstones of their communities in Wales."
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