Pub group swoops for Nectar Taverns
Managed pub company Nectar Taverns, the operator of 25 freehouses in the North West, has been sold.
Purchaser Hawthorn Leisure, which was founded in 2013, already has an estate of more than 350 pubs from local and traditional community pubs to country inns and high-street operations.
Colliers International brokered the deal on behalf of Nectar Taverns.
James Shorthouse, head of licensed and leisure at Colliers International, said: "The sale attracted interest from a wide range of parties which led to a competitive bidding process.
"This resulted in a very successful outcome for Nectar, whose 25 pubs have seen steadily growing sales over a number of years. The company’s professional management team has proven that well-run, properly invested community pubs are a key part of the future of the UK licensed sector."
Hawthorn Leisure is based in Westbury, Wiltshire.