Coffer Corporate Leisure is expecting a “very active summer” as investors look to the stability and resilience of the freehold pub sector.

Managing Director Mark Sheehan said expectation was growing in the market that recovery would be “swift and sharp” with a safe and unrestricted reopening.

He said there was a “wall of money” waiting to back the sector, with investors attracted to the long-term stability of the pub sector.

Sheehan was speaking after advising a private client on the £4.1m investment sale of 202 Camden High Street - a Stonegate pub trading as Bucks Head.

He said despite transaction volumes dropping significantly in the last 12 months, as investors adopt a ‘wait and see’ approach, expectations are growing towards recovery.

“We witnessed green shoots of investment activity towards the end of last year and the past two months have led to a flurry of transactions,” he said. “In this period, we have advised on the transaction of over £100m of leisure property. We expect the market to gain momentum as restrictions are eased, culminating in a very active summer.

“It is a great indicator of the resilience of the pub sector that, despite its toughest trading period in modern history, we have seen few, if any, of the restructuring processes that have become such commonplace in the retail and casual dining sectors over the past 12 months.

“There are many investors seeking assets in the public house sector, and despite the aforementioned challenges many investors look to the longer term and fully expect good operators to recover quickly and pubs to remain good long-term assets as the fabric of society. There is a wall of money out there looking to invest.

“Our pipeline is strong, and we will be launching further sales over the coming months and expect to obtain excellent results.”

Coffer Corporate Leisure acted for the vendor, a private client. Lewis & Partners acted for the purchaser, a private individual.