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SinoFortone acquires Prime Minister's local near Chequers

TLT has advised SinoFortone, a Chinese enterprise, on the acquisition of The Plough at Cadsden in Buckinghamshire, near Chequers, the Prime Minister's residence. 

The Plough became famous in China when President Xi Jinping was photographed with the then Prime Minister David Cameron having a pint and fish and chips on his state visit last year. The pub has since become the model for a chain of British pubs in China.

TLT were referred the work from Christie & Co, who are leading specialist advisors and agents in leisure and hospitality. The TLT team included licensing partner Julian Skeens, employment partner Esther Smith and real estate associate Rachel Channer.

TLT's Julian Skeens said: "SinoFortone usually invests in infrastructure projects, so it's extremely exciting to have advised them on their first ever pub in the UK.  

"We worked closely with our client throughout the process from the initial instruction until completion, which included liaising with the client's funders to ensure that completion took place within the tight deadlines."

Dr. Peter Zhang, SinoFortone Group's managing director said: "The English pub concept is growing very fast in China, and it's the best way, culturally, to link people from different countries and build friendships."

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