Acting on behalf of the Ossett Brewery Group, the Operational Real Estate team at CBRE in Leeds has acquired the Bingley Arms in Horbury Bridge, Wakefield in support of the West Yorkshire brewer’s growth strategy.
The Bingley Arms is a Georgian-style public house located in the brewery’s heartland and will be the 20th traditional inn to join their growing pub estate.
The pub is prominently positioned fronting Bridge Road between the River Calder and the Calder and Hebble Navigation Canal.
Following the sale of 50% stake in the business to private investor Mark Hunter of IT and Business Consultancy BJSS, the company is able to accelerate its existing business plan to grow both the traditional inns portfolio and urban brands including the Hop and Craft Asylum.
Ossett Brewery currently operates 19 traditional inns and 7 city centre bars and is hoping to grow the pub estate to circa 30 sites over the next 5 years.
Jamie Lawson, owner of Ossett Brewery Group said: “We are delighted to secure the latest addition to our pub estate. Our traditional inns continue to perform well and we are confident that long term the market will remain healthy.
“We plan to reopen the Bingley in early 2020 after an extensive refurbishment and look forward to welcoming customers old and new.”
Sam Potrykus, Associate Director in the Operational Real Estate team at CBRE Leeds, added: “We are delighted to confirm the latest acquisition of the Bingley Arms on behalf of Ossett Brewery.
“We are working closely to support ambitious growth plans and this latest acquisition forms part of their strategy to boost the estate.”