Stonegate Pub Company has issued a statement announcing the acquisition of 15 pubs from the Maclay Group:
“Efficient estate planning has seen the Stonegate Pub Company dispose of a number of sites over the past two years, the proceeds from which have been reinvested into a quality portfolio of 15 pubs acquired from the Maclay Group which went into administration earlier this year. The pubs are situated in prime locations including St Andrews, Glasgow’s West End and Edinburgh University district.
“Chief Executive Simon Longbottom said, “The prudent reviewing and planning of our estate has enabled Stonegate to invest in a high quality, predominantly freehold business that further strengthens our portfolio within Scotland. We look forward to welcoming the teams in situ into the Stonegate family.” Completion is expected early July.”