A Punch pub in south London has been sold to a new sector investor PPR Estates.
The freehold of the Prince in Colliers Wood has been secured off an asking price of £1m in a deal handled by Davis Coffer Lyons.
Paul Tallentyre, director of pubs & bars at Davis Coffer Lyons, said: “The Prince’s prominent location and spacious layout - which includes considerable outdoor space which is unusual for Greater London - meant that it was extremely popular with a wide range of buyers looking for change of use for redevelopment .
“PPR Estates is an exciting new investor/developer in the pubs market and has considerable funding in place. They are extremely active in the market at the moment and we are continuing to work closely with them to find further sites.”