Press Release
CBRE Advises on Sale of Tenanted Arm of McMullen’s
February 3, 2026
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CBRE has acted as sole financial advisor to family brewer, McMullen & Sons Ltd (McMullen’s), on the sale of the whole of its Tenanted division. The portfolio consists of 27 tenanted pubs and three smaller managed pubs to Punch Pubs & Co (Punch) for an undisclosed sum.
The pubs, 28 of which are freehold, are located in Hertfordshire, Essex and Greater London and have been part of the company for an average of over 120 years.
This disposal will assist McMullen’s to continue to develop and grow its 86-strong Managed House and Hotels division and was undertaken after an extensive strategic review undertaken in conjunction with CBRE over the last 12 months.
This deal echoes a similar deal that the CBRE team completed in 2023, selling the entire Tenanted arm of regional brewer Camerons.
In a confidential process we identified a small number of corporate buyers that would see the addition of these well-located and profitable pubs as significantly enhancing, and after a swift but intense process were delighted that Punch were able to transact on the whole of the division.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.