Andrew Buxton

Andrew is a Partner in the firm’s Alternative Markets team based in the West End. He specialises in the licensed and leisure property sector. Over the past twenty years he has advised operators, investors and owners of various types of leisure property on valuation, lease consultancy, agency, rating and asset management.

His range of experience spans pubs, restaurants, hotels, cinemas, bingo clubs, casinos and motorway service areas. Andrew is a member of the firm’s valuation panel.

Specific experience

Valuation of Moto’s network of motorway and trunk road service areas valued in excess of £1bn for the purpose of vendor due diligence in connection with the sale of the business.

Valuation of Whitbread’s freehold pub restaurant and hotel assets valued in excess of £4bn.

Valuation of Greene King’s securitised estate comprising 904 pubs valued at £834m, a Tap valuation of 1,705 pubs valued at £1.7bn and a further Tap valuation of 2,035 pubs valued at £2.1bn.

Due diligence and valuation advice on behalf of Antin Infrastructure Partners throughout their acquisition of Roadchef for in excess £350m.

Loan security valuations of tenanted/leased pubs for secured lending purposes on behalf of HSBC and Barclays, valued in excess of £40m.

Propco valuation of bingo clubs and casinos on behalf of Gala Coral Group in advance of refinancing, valued in excess of £200m.

Management of rating appeal and rates payment contracts for over 4,500 managed and tenanted/leased pubs and hotels. Clients include Greene King, McMullen’s, Mitchells & Butlers, Stonegate, Whitbread and Young’s.

Rental valuation of 18 casinos for acquisition accounting on behalf of The Rank Group.

Due diligence and valuation advice on behalf of M3 Capital Partners relating to their acquisition of Swayfields ‘Extra’ service station assets from Lloyds Banking Group for in excess of £200m.

Loan security valuations of more than 2,000 tenanted/leased pubs acquired by Admiral Taverns in packages, valued in excess of £750m.

Asset management and strategic property advice on behalf of Carlsberg UK in relation to their production and distribution estate.