Urban Pubs & Bars Acquisition of Historic Red Lion Pub in Leytonstone
Urban Pubs & Bars (UPB), a well-known pub operator founded in 2014 by Malc Heap and Nick Pring, has made a significant move in revitalizing history by acquiring the historic Red Lion pub in Leytonstone. This acquisition is part of UPB’s expansion strategy, which has seen the company grow rapidly in recent years. The Red Lion, established in 1670 and rebuilt in 1891, holds a special place in the community and is a landmark in Leytonstone.
Expansion and Acquisition Strategy
UPB’s acquisition of the Red Lion in Leytonstone is part of a larger deal that includes eleven new sites, eight trading leasehold businesses, and three vacant freehold sites. The properties were acquired from the administrators of Elflock Limited, Babel Silk Limited, Brocade Limited, and De Gremio Limited. This acquisition brings UPB’s total number of trading sites to 52, further solidifying its position as a major player in the London pub industry.
The Red Lion is not the only iconic pub that UPB has acquired in this deal. Other notable pubs include The East Dulwich Tavern in East Dulwich, The Antelope in Tooting, and The Sun in Camberwell. These pubs have a rich history and are beloved by their local communities. UPB’s managing director, Chris Hill, expressed excitement about incorporating these iconic pubs into the Urban family and working with the existing staff to maximize their potential.
Rapid Growth and Success
UPB’s acquisition of the Red Lion and other historic pubs is a testament to the company’s rapid growth and success in recent years. Since the onset of the Covid-19 pandemic, UPB has doubled the size of its estate, making it London’s fastest-growing pub business. This growth is a result of strategic acquisitions, strong leadership, and a commitment to preserving the unique character of each establishment.
In addition to the Red Lion acquisition, UPB recently announced the purchase of two new sites, The Herne Tavern in East Dulwich and The Gun in Spitalfields. These acquisitions further expand UPB’s presence in the London pub scene and demonstrate the company’s commitment to continued growth and success. UPB’s expansion strategy has been met with enthusiasm from both customers and industry experts, who see the company as a leader in the revitalization of historic pubs.
Safeguarding Jobs and Preserving Heritage
One of the key aspects of UPB’s acquisition strategy is the preservation of jobs and the safeguarding of historic properties. The administrators of Elflock Limited, Babel Silk Limited, Brocade Limited, and De Gremio Limited expressed satisfaction with the transaction, noting that buyer interest in the properties had been strong. Steve Absolom, managing director at Interpath and joint administrator, emphasized the importance of securing the transaction with UPB and ensuring job security for the loyal and hardworking employees of the acquired pubs.
Sam Birchall, head of Special Situations M&A at Interpath, highlighted the opportunity that exists for successful operators like UPB to acquire quality assets as part of their growth strategies. The acquisition of iconic pubs like the Red Lion in Leytonstone not only benefits UPB as a company but also contributes to the preservation of London’s rich pub heritage. By investing in historic properties and working closely with existing staff, UPB is able to maintain the unique character and charm of each pub while ensuring their long-term success.
Community Impact and Future Plans
The acquisition of the Red Lion in Leytonstone by UPB is not just a business transaction; it is also a significant event for the local community. The Red Lion has been a gathering place for residents of Leytonstone for centuries, and its acquisition by UPB ensures that it will continue to serve as a hub for socializing and entertainment. UPB’s commitment to preserving the heritage of the Red Lion and other historic pubs is commendable and reflects the company’s dedication to creating meaningful connections with the communities it serves.
As UPB continues to expand its portfolio of pubs, bars, and restaurants across London, the company remains focused on delivering exceptional experiences for its customers. By acquiring iconic pubs like the Red Lion in Leytonstone, UPB is able to tap into the rich history and cultural significance of these establishments, creating a unique and memorable experience for visitors. The future looks bright for UPB as it continues to grow and evolve, solidifying its position as a leader in the London pub industry.
Preserving History and Heritage
UPB’s acquisition of the historic Red Lion pub in Leytonstone is a testament to the company’s commitment to preserving history and heritage. The Red Lion, with its long and storied past, holds a special place in the hearts of Leytonstone residents and is a symbol of the community’s identity. By acquiring the Red Lion and other historic pubs, UPB is able to ensure that these cultural landmarks are preserved for future generations to enjoy.
The Red Lion, established in 1670 and rebuilt in 1891, is a prime example of a historic pub that has stood the test of time. Its distinctive architecture, traditional decor, and friendly atmosphere make it a beloved destination for locals and visitors alike. UPB’s acquisition of the Red Lion signals a new chapter in the pub’s history, one that is marked by growth, revitalization, and a renewed commitment to serving the community.
Supporting Local Communities
In addition to preserving history and heritage, UPB’s acquisition of the Red Lion in Leytonstone has a positive impact on the local community. As a gathering place for residents, the Red Lion plays a vital role in bringing people together, fostering social connections, and creating a sense of belonging. By investing in the Red Lion and other historic pubs, UPB is able to support local businesses, create jobs, and contribute to the economic development of Leytonstone and surrounding areas.
The acquisition of the Red Lion by UPB also signals a commitment to quality and excellence in the pub industry. UPB’s reputation for delivering exceptional customer experiences, innovative menus, and vibrant atmospheres makes it a trusted partner for historic pubs looking to revitalize their offerings. By working closely with the existing staff at the Red Lion, UPB is able to leverage their expertise, knowledge, and passion for the pub to create a seamless transition and ensure the continued success of the establishment.
Future Growth and Expansion
As UPB continues to grow and expand its portfolio of pubs and bars across London, the company is poised for future success. With a focus on acquiring iconic and historic properties, UPB is able to tap into the rich history and heritage of the London pub scene, creating unique and memorable experiences for customers. The acquisition of the Red Lion in Leytonstone is just the beginning of UPB’s journey to revitalize history and preserve the cultural significance of London’s iconic pubs.
Looking ahead, UPB plans to continue its expansion strategy, acquiring new sites and partnering with existing staff to maximize the potential of each establishment. By investing in historic properties and supporting local communities, UPB is able to create a network of pubs and bars that celebrate the diversity, heritage, and culture of London. The future looks bright for UPB as it continues to grow, innovate, and lead the way in the revitalization of historic pubs in the capital.