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Tue 25th Jun 2013 - Breaking News - Pring and Heap's London Ordinaries buys second site
London Ordinaries acquires second pub – Enterprise Inns site: London Ordinaries, the company led by Michael Buurman where Nick Pring and Malcolm Heap are silent partners, has acquired its second pub, The Crooked Billet in Upper Clapton, an Enterprise Inns free-of-tie lease. The site, previously let on a short-term agreement, is currently being refurbished. The area is close to Stoke Newington where Antic London opened the Clapton Hart about a year ago, a pub rumoured to be taking in excess £30,000-a-week net. London Ordinaries already operates The Empress of India, a pub acquired from Tom and Ed Martin’s ETM Group in March 2011. London Ordinaries is focused on opening pubs in areas of East London that are subject to gentrification. Pring and Heap left Greene King two months ago and are blocked from active business involvement for six months under the terms of their exit from the company – Greene King acquired their 14-strong previous business for £53.1m in April 2011. Propel has reported that the duo feel there is an opportunity to develop a Realpubs style offer in parts of the East End of London that are becoming gentrified, with affluent middle classes moving in because London property prices continue to climb. Antic Pubs and other operators are currently relaunching pubs in less glamorous parts of London where demographics have improved dramatically in the last few years. Of London Ordinaries, where Pring and Heap are taking a back seat, Pring told Propel recently: “The opportunity to acquire a freehold estate will never happen again in London in our lifetime – so we will be looking at free-of-tie leases and even tied leases.” Pring also told Propel that he and Malcolm Heap would be working on their new project but that both of them also plan to undertake projects independently. He also reported that becoming involved in other people’s businesses in a non-executive capacity is an idea that he finds ‘attractive’. “I’ve had lots of requests from various people to look at their businesses in a mate’s capacity – it’s given me a strong belief that I can add value.” 
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