Shepherd Neame, the Kent-based brewer and pub operator, is focusing on bigger investments in its tenanted estate over this current financial year, M&C Report has learnt.

Property and tenanted trade director George Barnes told M&C Report that the average investment will be between £80,000 and £90,000 this year, up from c£50,000 in the previous year.

“There’s more in the £120k to £150k bracket, but still some smaller stuff where it makes sense.”

Around 30 tenanted pubs are due to receive investments. The overall level of investment is expected to be higher than the £3.1m in 2012/2013 and £2.6m in the proceeding year.

Barnes gave examples of recent larger investments.

The Prince of Wales in Reigate, Surrey, received an investment of around £120,000, led by Shepherd Neame with the tenant paying for fixtures and fittings.

The exterior has been completely redesigned, “from looking like a fairly straight forward boozer, it looks like something interesting to go into”.

“That’s a very good example of pub that’s been trading well but we’ve moved it on a stage. We’ve really unlocked potential there.”

The Shakespear in Canterbury was previously an Irish-themed bar with a customer base of “squaddies and students”. A food offer was brought in and it has a new co-frontage with the acquisition of a nearby shop that leads onto the popular Burgate area.