Young’s has agreed to acquire Cubitt House London Pubs, adding eight iconic leasehold pubs across some of the capital’s most sought-after neighbourhoods.
The deal brings in well-known venues including The Thomas Cubitt and The Orange in Belgravia, The Grazing Goat in Marylebone, and The Princess Royal in Notting Hill. A ninth Belgravia site currently under development is also part of the package, giving Young’s a pipeline asset from day one.
The acquisition fits squarely with Young’s strategy of growing its London footprint through premium, well-located sites. These sites are about as prime as it gets for UK pubs.
Young’s said it had been watching the Cubitt House business for some time and was keen to retain the teams and culture that built its reputation.
Simon Dodd, CEO 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.”
Young’s is funding the deal from existing bank facilities, with completion expected on 22 April.