SA Brain & Co has sold the freehold and leasehold interest in nearly 100 of its pubs across South Wales in a deal worth tens of millions of pounds. The family-run brewery had put most of its pub property portfolio up for sale last year with a price tag of £87.5m.
Some 95 pubs have now been acquired by European investment firm, Song Capital. The brewer had initially put 99 of its most famous pubs up for sale, including the City Arms and the Halfway in Cardiff. You can see the full list here. It's not yet known which four of those pubs are not included in the deal.
Before, this deal, SA Brain & Co had already sold off the bulk of its pub estate. In 2001, it struck a long-term lease agreement for pub company Marston's to take over the running of around 140 Brains branded pubs.
