AG&G crowns another brewery pub deal

Acting on behalf of the vendor, AG&G have sold the leasehold interest in the King & Co, Clapham to Portobello Pub Company.

Portobello Pub Company, which is led by former We Are Bar chief executive Richard Stringer and Portobello Brewing Company founder Rob Jenkins, acquired The King & Co.

Jenkins said: “With lots of activity at the brewery and looking to the next stage of our growth, it feels like the right time to start investing to grow a quality pub estate.”

It is the second time in a matter of a month, where AG&G has advised an up-and-coming brewery on a pub deal.

At the start of July, AG&G advised Sambrook’s Brewery in the agreement of a 20-year lease with developer Greenland to establish a headquarters at Ram Quarter, relocating from its brewhouse in Battersea. The new facility will be housed in restored grade II-listed brewery buildings at the development. Sambrook’s will also open a taproom with a bottle shop and outdoor seating set around Ram’s central square, offering food and its own brews. The site, which was home to Young’s until 2006, is being redeveloped to deliver 713 homes and 100,000 square feet of retail, restaurant and leisure space.

AG&G Director Michael Penfold said: “Congratulations to Portobello Pub Co on securing their first pub in partnership with Portobello Brewing Company. This deal follows soon after AG&G acted for Sambrook’s Brewery on the landmark Ram Quarter deal, and shows a growing trend for up-and-coming brewers looking to take on their first pubs or grow their existing estates. With over 100 breweries now operating in London, we expect to see many more of these new wave of brewers acquiring pubs over the coming months and years.”