Red Oak Taverns has completed its first acquisition of 2023, purchasing three freehold pubs from Marston’s.

The pubs are all operated free of tie, with two in the Midlands and one in the South-West

Red Oak co-founder and chief executive Mark Grunnell said: “This a great start to the year with our continuing acquisition programme enhancing our growing pub estate. By focusing on multiple and single site pub packages we are evolving our diverse portfolio, providing unique and flexible pub opportunities within the sector.

“These three quality pubs, two located in the Midlands and one in the South-West, complement our pub portfolio and we are looking forward to welcoming the new tenant partners to our business.” 

Property & acquisitions director Graeme Bunn, who recently joined Red Oak from Fleurets, who handled the purchase.

He added “Delighted to see three more pubs added to our expanding estate. Our team, including Freeths and Fleurets, worked swiftly and enabled the purchase to be completed in under four weeks from agreed heads of terms.”