Manston are pleased to announce the recent acquisition of ‘The Old Buttercross’ public house in Oakham, Rutland. This acquisition marks the 6th property to be added to Manston’s holdings so far this year as part of their strategic re-structuring of the portfolio to maximise potential for long-term value creation, whilst increasing the diversification of their stable.

Manston’s Managing Director, Tom Boardman-Weston, stated: “This marks Manston’s first investment in the leisure/pub sector in over a decade. We were attracted by the strong, long-term tenant relationship with Marston’s alongside the attractive local environment – ideally positioned at the juncture of housing, trade park and the Rutland Show Ground. This plays well to our strategy of investing in a diversified range of commercial property whilst securing stable, long-term capital assets with attractive yields. Whilst the pub sector receives a lot of negative press at the moment – it would be unfair to tarnish the whole sector with the same brush as there exist significant bright-spots within the trade providing a base for stable, long term value accrual. Manston are delighted to have been able to invest in this one.

“Having been a customer of Marston’s for nearly 25 years – I am delighted to be able to return the favour, and look forward to a long and productive working relationship!”

Manston were advised on this transaction by Stephen Moore of Sampson Moore commercial property consultants, Callum Kenny of Grovewest building surveyors, and Fiona Thompson-Butler & Edward Drury of Landsmiths solicitors.

Cheers!