London-based brewer and pub manager Fuller, Smith & Turner Plc has acquired The Round House, a freehold London pub, from Punch Taverns Plc for £3.3 million in cash. 

London-based brewer and pub manager Fuller, Smith & Turner Plc has acquired The Round House, a freehold London pub, from Punch Taverns Plc for £3.3 million in cash.

The Round House generated £400,000 in turnover in the 12 months to 23 August 2008. The acquisition is expected to be earnings enhancing immediately upon completion.

Michael Turner, chairman of Fuller’s, said: “I am delighted that Fuller’s has been able to add The Round House to our quality estate. The acquisition of this classic Victorian pub, in the heart of Covent Garden and London’s theatreland, is a further indication of Fuller’s commitment to expanding our estate with the very best pubs when the opportunities arise.”

The deal is expected to complete on 14 May 2009.