Investing in the Marston's Estate
A key element of the Group’s growth strategy has been the recommencement of the new-build programme in the managed pub estate.
£140 million of the net proceeds from the successful rights issue is being allocated specifically to acquire and develop around 60 new-build sites over the next three years.
The Group is the market leader in developing new-build pubs and has a highly skilled and experienced in-house team specialising in this area, with a proven and robust site appraisal process.
The current market environment is allowing the Group to take advantage of the increased availability of suitable sites, reduced competition and a fall in average site acquisition and construction costs.
| Region |
Tenanted Pubs |
Managed Pubs |
|
| 1. North East |
75 |
19 |
94 |
| 2. East Midlands |
403 |
84 |
487 |
| 3. South West |
62 |
68 |
130 |
| 4. South East |
41 |
48 |
89 |
| 5. West Midlands |
509 |
124 |
633 |
| 6. North West |
242 |
41 |
283 |
| 7. Wales |
158 |
14 |
172 |
| 8. Yorkshire |
192 |
52 |
244 |
| 9. London |
3 |
30 |
33 |
| 10. East Anglia |
3 |
16 |
19 |
|
|
1,688 |
496 |
2,184 |
Breweries
1Jennings Brewery
2Marston's Brewery
3Banks's Brewery
4Wychwood Brewery
5Ringwood Brewery
Building on Success
Marston’s Inns and Taverns continually evolves its design and construction processes, which have contributed to such a strong record of new-build pubs achieving their sales and profit targets.
New-build sites will be evident in highly visible main arterial route locations and in areas of high population density. Our Two for One and Milestone concepts are ideal retail offers for these sites, striking a balance between value, scale and speed of service — manifesting itself in profit maximisation.
As the only managed pub estate embarking on such a large programme of quality, family-focused new-build pubs, having a pipeline of excellent sites is critical. The Group pays the most competitive fees to property agents in the country, to identify a successful property with development potential and seeing it through to completion.
Featured Developments
Kingfisher, Oldham
Opened in February 2009, the Kingfisher exceeds customer expectations, providing full table service in an intimate ‘pubby’ environment as well as offering the ultimate food deal — two main meals for the price of one in a great canalside location.
Honey Bee, Aylesbury
The construction of this pub is the template for all subsequent new build pubs, which can be used for different concept requirements going forward. The format of the pub is Two for One and has been a long sought after investment for the local area of Fairford Leys.
Stepping Stones, Ashbourne
Located on the A52 near to a new shopping and business complex and adjacent to a Travelodge, it is ideally positioned to benefit from the Peak District tourist trade as well as
building loyalty from local customers.