TLT advises on acquisition of iconic London pubs

UK national law firm TLT has advised Young’s, the premium operator of pubs and bedrooms in London and the South of England, on the acquisition of Cubbit House and its portfolio of nine pubs in the UK’s capital.

 The portfolio includes eight iconic leasehold pubs and pubs with bedrooms in west London: The Barley Mow (Mayfair), The Builders Arms (Chelsea),The Coach Makers Arms (Marylebone), The Grazing Goat (Marylebone), The Orange (Belgravia), The Princess Royal (Notting Hill), The Thomas Cubitt (Belgravia) and The Alfred Tennyson (Belgravia). The acquisition also includes a ninth pub in Belgravia, that is currently being developed.

The acquisition forms part of Young’s selective expansion strategy in London, operating well-invested pubs in prime locations, and will be funded from existing banking facilities with an expected completion date of 22 April 2026.

TLT advised on all legal aspects of the deal including legal due diligence and transaction documentation negotiation. The team was led by Corporate Partner Alice Gardner working alongside Kay Desai who led on the real estate aspects of the transaction, with support from Corporate Managing Associates Luke Thorngate-Davies and Sophie Phillips; Corporate Senior Associate Joanna Grover; Corporate Associate Antonia Oxford; Tax Partner Emma Bradley; Real Estate Legal Director Jane Fitzgerald; and Real Estate Managing Associate Will Birtwell.

Commenting on the deal, Corporate Partner Alice Gardner said: “As pub operators look ahead to an anticipated successful summer, this is the perfect time to have supported Young’s in their strategic expansion that will position them to unlock further growth.

“This transaction is part of a broader trend in the market towards expanded portfolios in order to grow and consolidate market position.”

Stuart Gallyot, Property Director of Young’s said: “We are delighted to be adding this collection of iconic pubs and pubs with rooms to the Young’s estate. Located in some of London’s most affluent neighbourhoods, these premium sites align perfectly with our strategy to selectively expand our business.

“TLT’s reputation as a leading adviser to pubs, bars and restaurants, alongside its proven expertise in managing complex corporate transactions made them the go-to partner to execute this strategic acquisition.”

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