Hawthorn has announced the acquisition of 14 community pubs from Everards of Leicestershire as it continues to build its nationwide community pub portfolio. The new sites are predominately located in suburban and neighbourhood locations in the East Midlands.

Mark Davies, chief executive of Hawthorn, said: ”All of the pubs which are fully let have been well operated by Everards and its business owners and we share we share a strong community ethos with Everards that makes this a seamless transaction for both parties.”

Hawthorn announced plans earlier this month to list on the stock market and will explore the potential for an IPO following a strategic review.

The move would see the pub group break out as standalone quoted business from its parent company NewRiver REIT.

Davies added: “The relationship we have built and partnership formed is something that will benefit both companies in the future. My team and I are looking forward to meeting the business owners and welcoming them to Hawthorn.”

Mark Gould, managing director of Everards said: “Following a review of our pub estate, we presented 14 pubs as an acquisition opportunity to Mark and his team and are pleased to get a deal done during lockdown.

“The deal positions Everards well for continued investment into our pub estate, acquisitions and Everards Meadows, our 90-acre Leisure and Tourism development in Leicestershire.”

Hawthorn operates around 700 leased and tenanted, and operator managed community pubs across England, Scotland and Wales.