Peach Pub Company, the food pub specialist, has acquired the freeholds of two of its pubs from Punch Taverns for £2.85m as part of plans to double its estate. The purchase of the freeholds of the Rose & Crown in Warwick and the Swan in Salford has turned Peach into a majority free-of-tie operator. The company, which operates 10 sites, said that it planned to more than double its portfolio to reach 22 or 23 pubs and to change the estate from being food-led to 50:50 wet and dry. Hamish Stoddart, one of Peach’s co-founders, said that the group was in talks with Punch about more sites and was looking to do another bigger joint venture property deal with the pub company as long as the price was right. Stoddart said: “It’s good news for Peach that we’ve been able to get hold of the freeholds to these two awesome pubs, and done it in an incredibly short space of time. “We knew from the outset that the acquisition was something we really wanted to go for; not only would it make a big difference to the way we do business in these two outstanding pubs, it would also mean we can make our offer even better than it was already — which is good news for our customers too. “Punch Taverns have been good landlords. We have always taken the view that operator and property partner should work together, so we really never worry about both sides making money. "In this case, I am sure they will profit from this deal and so will we. We made them a fair offer and they accepted. It’s a win-win situation.”