Wakefield acquisition supports pub chain’s expansion plans
A West Yorkshire brewery has acquired a traditional inn in Wakefield as part of its ongoing growth.
With real estate firm CBRE acting on its behalf, Ossett Brewery Group Ltd has completed the acquisition of the Bingley Arms in Horbury Bridge.
Situated fronting Bridge Road between the River Calder and the Calder and Hebble Navigation Canal, the Georgian-style public house is the latest addition to the group’s growing portfolio of traditional inns and urban brands.
The 20th traditional inn to join the pub estate, the newly-acquired Bingley Arms will undergo a full refurbishment before reopening next year.
With 19 traditional inns and 7 city centre bars already, the West Yorkshire-based brewery has ambitions to grow its portfolio to around 30 sites over the next 5 years.
Owner of Ossett Brewery Group, Jamie Lawson, commented: “We are delighted to secure the latest addition to our pub estate. Our traditional inns continue to perform well and we are confident that long term the market will remain healthy.
“We plan to reopen the Bingley in early 2020 after an extensive refurbishment and look forward to welcoming customers old and new.’’
Sam Potrykus, associate director in the operational real estate team at CBRE Leeds, added: “We are delighted to confirm the latest acquisition of the Bingley Arms on behalf of Ossett Brewery.
“We are working closely to support ambitious growth plans and this latest acquisition forms part of their strategy to boost the estate.”
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