Regional pub operator and craft brewer, Laine Pub Company has acquired the four-strong, leasehold pub estate of the Distinct Group. Savills licensed leisure team acted on behalf of Laine in the acquisition.
With the reopening of Laine’s Aeronaut pub in Acton this weekend, the acquisition of the Distinct Group pubs takes the company’s total estate to 60 pubs operating in the London and Brighton areas. The Distinct Group estate comprises the Prince Albert in Camden (pictured), the Edward Lear in Holloway, the Three Compasses in Hornsey and the Adam & Eve in Mill Hill.
Gavin George, Laine CEO, commented, “The Distinct Group team has created an estate of high quality pubs which they have traded to an equally high standard. We are very excited to be welcoming the pubs’ staff into Laine’s family and looking forward to applying our resources and experience to support them in meeting their trading aspirations.”
The acquisition was managed by Laine’s chairman Gary Pettet. He added, “We are delighted to have secured these excellent pubs for our estate and are pleased that they strengthen our presence north of the river, in fantastic locations. I would like to thank Gareth and the Distinct Group for the professional manner in which they handled the sale and I wish them well with their continued focus on hotel accommodation.”
Gareth Leakey, group manager for Distinct, said, “Gary, Gavin and Laine’s team have been very easy to deal with from the outset, and I have no doubt that this is the start of an exciting journey for the Distinct pubs and the great staff that work within them.”