Charles Wells converts final two pubs

Brewer and pub operator Charles Wells Pub Company have finally completed their exit from the managed house market with the conversion of the final two pubs in Bedfordshire.

The company had announced the decision to exit the managed market completely last July with property specialists Christie & Co handling the sale of the 15 managed pubs.

Peter Wells, sales and marketing director at Charles Wells Pub Company said: "We were particularly impressed by the considerable improvements we have seen in the quality of applicant we are being introduced to, with many of the potential lessees showing willingness to invest for the longer term."

In January Charles Wells splashed out £9m to acquire 10 freehouses (all with lease agreements) expanding their presence into Derbyshire, Leicestershire, Warwickshire and Staffordshire.

Charles Wells sells new lease on Cambridgeshire pub >>

By Christopher Walton

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