Property firm MAR Properties has raised its stake in WEN Inns to a controlling 75% and has moved to strengthen its control over 19 Northern Ireland-based pubs.
Northern Ireland-based MAR previously held a 50% shareholding in WEN Inns, the owner of a string of well-known pubs including the Groomsport Inn, the Stables in Groomsport, the Hillside in Hillsborough and the Bryansburn Inn in Bangor.
The property group has also increased its partnership share in another firm, Scandown LLP, to a controlling two-thirds. The partnership owns a number of high-profile licensed premises such as the Portaferry Hotel, Hunters and the East Ender in Belfast and the Auld House at Moneyrea.
MAR also has a 50% share in a number of other companies that own other licensed premises including The Esplanade Bar in Bangor, the Tipsy Toad in Lisburn and the Hedgehog & Bucket in Belfast. Robin Horner, chief executive of MAR Properties, said: “Previously these pubs came under what was loosely called the Jewel Group, although there was no such legal company entity. We have now taken steps to provide a more robust financial platform for all our licensed outlets.”