New buy for Pubs ‘n' Bars
Acquisition hungry Pubs ‘n' Bars has bought the Cambridge in south-east London.
The South England community pub operator purchased the freehold of the pub in Upper Norwood for a cash offer of £750,000.
Pub ‘n' Bars now has a portfolio of 66 pubs, 42 of which are managed and 24 tenanted.
It recently admitted it would drop food in favour of smoking if the government keeps to its current proposals.
The current half-way house compromise from Westminster would see a smoking ban in all enclosed public places by the end of 2008, but would exclude pubs that don't serve hot food.
By Kerstin Kuhn
Pubs ‘n' Bars could ditch food to keep smoking >>
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