Real Estate team advises Young & Co.'s Brewery Plc on its £162 million acquisition of City Pub Group

Our Real Estate team has advised UK pub operator, Young & Co.'s Brewery Plc ('Young's'), on its acquisition of City Pub Group for £162 million.

The acquisition, which is set to close in the first quarter of 2024, will add City Pub Group's 50 venues in southern England to the Young's portfolio, increasing it to 279 across London and the South East of England. It will also grow Young's bedrooms by 25% to 1,065 rooms.

City Pub Group investors will receive 108.75p in cash per share and the remainder in Young's shares. The deal values City Pub Group's stock at 145p per share, representing a 46% premium to its value at closing on 15 November.

Gowling WLG's Real Estate Advisory team was led by partner Anna Colley, supported by legal director Kay Desai.

Anna Colley commented: "This is an exciting acquisition in the hospitality sector which will expand Young's ever growing portfolio and help support City Pub Group's growth. The deal will further cement Young's position as one of the leading players in the sector while allowing City Pub Group to invest in its proposition amidst challenging economic conditions. I look forward to seeing both of these brands develop over the next few years."

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