Young’s has agreed to acquire Cubitt House London Pubs, The Independent has reported, in a deal estimated to be worth around £30m.

Under the deal, Young’s will acquire eight leasehold pubs and pubs with bedrooms in West London.

This includes The Barley Mow (Mayfair), The Builders Arms (Chelsea), The Coach Makers Arms (Marylebone), The Grazing Goat (Marylebone), The Orange (Belgravia), The Princess Royal (Notting Hill), The Thomas Cubitt (Belgravia) and The Alfred Tennyson (Belgravia). The deal also includes a ninth pub in Belgravia that is currently being developed.

The pub operator said it had closely followed the Cubitt House business for some time and that it recognises the "strong culture and exceptional teams" that have contributed to its success, which it looks to retain, support and develop.

Chief executive officer at Young’s, Simon Dodd, stated: "We are delighted to be adding this collection of iconic pubs and pubs with rooms to the Young's estate. Located in some of London's most affluent neighbourhoods, these premium sites align perfectly with our strategy to selectively expand our business."

Young’s confirmed the acquisition will be funded from existing banking facilities and is expected to complete on 22 April.

Following the announcement, shares in Young’s jumped by over 4%.

---