London SE1 website team

Waterloo Road pubs sold in 90 million deal

The Wellington Hotel and the Fire Station in Waterloo Road are among 63 Wizard Inns outlets bought this week by Wolverhampton and Dudley Breweries.

Fire Station

The Wolverhampton and Dudley group unveiled a deal to buy the Wizard Inns outlets put up for sale by City financier Guy Hands and his investment vehicle, Terra Firma Capital Partners.

Wizard made a small, undisclosed pre-tax loss in 2003 on turnover of 43.8 million.

The Fire Station was this week shortlisted for an LBC 97.3 Living London Award in the Best Neighbourhood Bar category. The Anchor & Hope in The Cut is a contender in the Best Gastropub category.

The Wellington is a pub with a small hotel, handy for Waterloo's Eurostar terminal.

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