Red Mist Leisure has sold its Farnham pub, The Wheatsheaf, to Shepherd Neame.
The transfer will take place on 3 October, with the Kent-based brewer and operator intending to retain all current staff.
Mark Robson, managing director, Red Mist Leisure, said: “Whilst we are sad to be leaving the bustling market town of Farnham after nearly six years, we are delighted that Shepherd Neame will be taking over at the Wheatsheaf.
“The decision to sell The Wheatsheaf will refocus Red Mist Leisure’s attention on its remaining nine sites where it plans to re-invest the funds from the sale across its existing estate and towards the continuing expansion of the company.”
Nigel Bunting, director of retail & tenanted operations, Shepherd Neame, added: “We are delighted to be increasing our representation of high quality pubs in Surrey with the acquisition of such a strong site and look forward to welcoming customers old and new to the Wheatsheaf.”
The other pubs in the Red Mist Group will continue to trade as normal and are unaffected by this sale.