Chinese investor buys Cameron’s old local

The village pub made famous by China’s President Xi Jinping and former prime minister David Cameron has been bought by a major Chinese firm.

The Plough at Cadsden, near Princes Risborough in Buckinghamshire, has become a tourist attraction for Chinese tourists keen to follow in their president’s footsteps.

The two leaders made headlines in October 2015 when Cameron took Xi to the pub during the Chinese state visit to the UK.

They had a fish-and-chip supper and a pint of beer at The Plough, which is the nearest pub to the prime minister’s official countryside residence at Chequers.

SinoFortone Investment has bought the pub in a deal brokered by specialist business property adviser Christie & Co.

Neil Morgan, pubs and restaurants managing director at Christie & Co, said: “The pub became famous in Chinese circles following the visit of President Xi Jinping, and it has become quite a tourist attraction for Chinese visitors since, who are keen to sample the classic British food and beer that the President tried.

“The Chinese market has huge potential and many opportunities, so it is one that we will see more activity in over the coming months and years.

“Asian investors are becoming more interested in UK markets, particularly hotels, licensed and leisure and we are seeing more and more Chinese investors in particular coming to us showing an interest both in British hospitality and leisure opportunities, and also in taking classic British themes to China.”

SinoFortone is also involved in the new London Paramount theme park development and the planned Crossrail 2 route through London.