The freehold of one of Belfast’s oldest pubs has been purchased in a multi-million pound deal that could lead to further development of the historic site.
White’s Tavern’s freehold has been purchased by the Clover Group, which currently manages the bar, for £5m.
The group say they will now aim to “develop and restore the property’s upper floors”.
White’s Tavern, located in Winecellar Entry, has been a part of the city for centuries, and claims to be “Belfast’s oldest tavern”.
The Clover Group began operating White’s five years ago, and have extended and renovated the pub in the ensuing years. It now includes a beerhall, garden and store.
It operates eight venues in Belfast, including Pug Ugly’s, the Post House and the Bone Yard.
The purchase of the freehold was managed by Maneely McCann, and was financed by Barclays and Tennent’s NI.
Clover Group boss Mark Beirne said: “White’s is a special venue with a rich history and as guardians of this unique building we are passionate about preserving and nurturing its potential for current and future generations.
“Our team has worked exceptionally hard over the last five years to recreate the long standing vibrancy of this Belfast institution, extending its historic charm and offering, to provide exemplary experiences for our customers, both local and global.
“While we have much work done, we have more to do and we have exciting new plans in place to breathe new life into the property’s upper floors ensuring we utilise and restore the full potential of this stunning venue.
“It is for these reasons that we are passionate and fully committed to retaining ownership of White’s Complex within the Clover Group.”
Stephen Allen, director, corporate banking at Barclays, said: “Partnering with the Clover Group in their acquisition of White’s Complex was a perfect fit for Barclays.
“We’re proud to support them with lending, and like Clover we are committed to supporting a thriving city centre which will drive economic growth and attract a diverse range of visitors.”
Clover Group did not say who they purchased the freehold from.