DJ Fuller, Smith & Turner PLC: Fuller's acquires 10 outstanding pubs
Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Fuller's acquires 10 outstanding pubs
08-Sep-2026 / 07:00 GMT/BST
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Press release
8 September 2026
Fuller's acquires 10 outstanding pubs
Transaction includes four freehold and six leasehold properties
Fuller, Smith & Turner PLC ("Fuller's"), the premium pubs and hotels business, is delighted to announce it has
exchanged contracts to purchase 10 outstanding pubs via a transaction with pub operator, Stonegate Group and a
simultaneous separate transaction with an institutional property investment company. All of the sites are iconic pub
operations, with nine of the sites located in prime London postcodes and one in the centre of Bath.
The total purchase price, before fees and taxes, is GBP35.25 million representing a multiple of 8.4 times acquired site
EBITDA. The transaction will be funded from existing debt facilities. The completion of the purchase of the four
freehold pubs is expected in September, and the six leasehold purchases will complete on an asset-by-asset basis as
they are subject to landlords' consent.
Fuller's Executive Chairman, Simon Emeny, said: "I am delighted to be announcing this transaction today. We have always
maintained a disciplined policy of only acquiring the right assets at the right price - and they must always be estate
enhancing. This transaction certainly meets these criteria, and I'm delighted to welcome well known gems like The
Shipwrights Arms in London Bridge, The Duchess next to Selfridges, and The Blue Anchor in Hammersmith to the Fuller's
Family."
"This collection of 10 outstanding pubs, located in geographies where we already have a strong presence and knowledge
of the customer, are a perfect complement to our existing estate. They will provide additional momentum to the strong
earnings growth being delivered by our core business. We will update the market further at our interim results
presentation later in the year."
For further information, please contact:
Fuller, Smith & Turner P.LC.
Georgina Wald, Corporate Comms Manager 020 8996 2198 / 07831 299801
Team Lewis
Justine Warren 020 7802 2617/ 07785 555692
Fuller's in a nutshell
Fuller, Smith & Turner PLC is a premium pubs and hotels business. With an outstanding estate of iconic pubs and hotels
across the Southern half of England, our purpose is to create experiences that nourish the soul. At our heart is the
warm and inviting welcome of a fantastic pub or hotel, delivered by an exceptional team of over 5,000 talented
individuals. We have been delighting our customers - with delicious, fresh, seasonal food, an exciting drinks range,
and wonderful bedrooms - for over 180 years. Fuller's has 194 Managed Pubs and Hotels, with 1040 bedrooms and 154
Tenanted Inns, all aiming to ensure that everyone leaves that little bit happier than they arrived.
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ISIN: GB00B1YPC344
Category Code: ACQ
TIDM: FSTA
LEI Code: 213800C7ACOFMRCQQW76
Sequence No.: 442397
EQS News ID: 2395156
End of Announcement EQS News Service
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September 08, 2026 02:00 ET (06:00 GMT)
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