True North Brew Acquires Iconic Sheffield Venue
Deal News | Jan 20, 2025 | B Daily
True North Brew Co., a Sheffield-based brewery, has acquired the historic Abbeydale Picture House, a Grade II-listed venue dating back to the 1920s, in a deal that underscores its commitment to local heritage and business expansion. Supported legally by the Sheffield law firm Bell & Buxton, the acquisition forms a strategic step for True North Brew, aimed at enhancing its local presence and bolstering the vibrancy of Abbeydale Road and Sheffield. Kane Yeardley, the brewery owner, acknowledges the challenges posed by the purchase due to the building's historical status but expresses excitement about the project. By collaborating with local specialists, True North Brew plans to create a dynamic environment that fosters hospitality and event management careers, preserving a key part of Sheffield's history. Bell & Buxton, through its partner Sam Price, has played a crucial role in guiding the brewery through this intricate process, reinforcing the firm's longstanding partnership with True North Brew.
Sectors
- Brewery
- Real Estate
- Legal Services
Geography
- United Kingdom – The article is centered around a company and property located in Sheffield, United Kingdom.
- Sheffield – The acquisition and expansion efforts by True North Brew Co. specifically relate to the city of Sheffield, highlighting its geographical significance.
Industry
- Brewery – True North Brew Co. operates in the brewery industry, focusing on the production and distribution of alcoholic beverages.
- Real Estate – The acquisition of the Grade II-listed Abbeydale Picture House by True North Brew Co. involves real estate as it is a purchase of a physical property.
- Legal Services – Bell & Buxton law firm provided legal expertise in the acquisition process, playing a critical role in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| True North Brew Co. | Bidding Company | Company | A brewery based in Sheffield, purchasing the Abbeydale Picture House to expand its influence and operations locally. |
| Bell & Buxton | Legal Advisor | Company | A Sheffield-based law firm that provided legal services to True North Brew Co. for the acquisition. |
| Kane Yeardley | Owner | Person | Owner of True North Brew Co., overseeing the acquisition and expansion efforts. |
| Sam Price | Commercial Property Partner | Person | Partner at Bell & Buxton, involved in assisting True North Brew Co. with legal expertise for the property acquisition. |