Investment vehicle takes over Midlands pubs | Midlands property news

An investment vehicle founded and chaired by Rooney Anand to invest in the UK pubs sector has acquired two sites in the Midlands.

RedCat Pub Company has purchased The Meynell Ingram Arms and The Cock Inn Mugginton from Berkeley Inns Ltd.

The Meynell Ingram Arms Hotel was reopened by Berkeley Inns in 2019. This historic Staffordshire pub was closed for over five years and the property has undergone a redevelopment and redesign. The new offering features casual dining and a redesigned courtyard and garden.

The Cock Inn, in Mugginton in Derbyshire, reopened in 2016 after being extended and refurbished. The pub seats over 120 people and serves up to 2,000 meals a week.

Launched in February 2021, RedCat has acquired over 100 pubs and hotel-pubs, which now represents a hotel room base of over 1,200 rooms.

Anand said: “RedCat continues to go from strength to strength and I am delighted that we have added The Meynell Ingram Arms and The Cock Inn to our growing portfolio.

“The team continues to seek high caliber venues in excellent locations as we grow our premier pub and pub hotel estate.”

Howard Thacker, General Manager of Berkeley Inns, said: “We acquired The Meynell and The Cock Inn when they had both been closed for five and ten years respectively and, after extensive renovations and extensions, have given them a new Both are now fantastic, bustling pubs serving their local communities and visitors from afar.

“So, of course, we are very sad to see them leave the Berkeley Inns family, but we are confident that RedCat will do a fabulous job of continuing or surpassing their current success. Berkeley Inns will now seek further acquisitions in the area of Midlands and London and continue to grow the business.”

The sale was negotiated by Neil Morgan of Christie & Co, acting on behalf of RedCat.

Previous How Trustee Registration Rules Affect Investment Bonds
Next How to clean up your investment portfolio before retirement