Wragge & Co LLP real estate experts have advised brewer and pub operator Marston's PLC on the property aspects of its £330 million securitisation tap issue. The deal involved the transfer of 437 freehold and long-leasehold properties into Marston's securitised estate.

Real estate partner Emma Pioli and associate Stephen White led the team that advised on the property aspects of the deal. The team worked closely with Tim Nash, Estates Manager, and Dawn Callow, Director of Treasury & Risk, at Marston's PLC.

Emma Pioli said: "With 2,272 pubs, property is Marston's main asset and crucial to this deal. Wragge & Co's specialists applied their due diligence expertise to ensure the successful completion of this important deal."

Paul Inglett, Group Finance Director said: "Despite adverse market conditions, the terms of the refinancing demonstrate the strength of Marston's credit profile and the high quality of its pub estate."

FTSE 250 company Marston's operates four breweries - Banks's Brewery in Wolverhampton, Marston's Brewery at Burton on Trent, Jennings Brewery at Cockermouth in the Lake District and Ringwood brewery in Hampshire. Its pub estate totals 2,272 pubs and comprises 1,722 tenanted pubs within Marston's Pub Company and 550 managed by Marston's Inns & Taverns.

Wragge & Co has advised FTSE-listed Marston's PLC on tenancy and lease work for six years. Freshfields Bruckhaus Deringer advised Marston's on the corporate and financing aspects of the securitisation.

The Retail & Leisure team works with the 190-lawyer Real Estate group and provides clients in the retail and leisure real estate industries with a sector-focused service. Ranked equal first in this area by both Chambers UK and Legal 500, the team has a market-leading reputation. Clients include House of Fraser, Marks & Spencer and McDonald's Restaurants.

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For further information about this press release, contact Kathryn Hobbs on +44 (0)121 213 2397, Alexa Highfield on +44 (0)121 213 2396 or Michelle Dolphin on +44 (0)121 213 2369

This press release may contain information of general interest about current legal issues, but does not give legal advice.