Pubmaster had over 3,110 leased and tenanted pubs, bringing the Punch portfolio to over 7,400 properties. As part of the deal Punch has assumed more than £1 billion ($1.7 billion) of debt.

Punch Chief Executive Giles Thorley said: "This is a transformational deal for Punch and represents a quantum leap in terms of Punch's growth. The Pubmaster Estate provides an excellent strategic and geographic fit with our existing portfolio and nearly doubles the size of our estate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Hotels