Stag Brewery facing last orders as luxury flats move in

Beer is thought to have been brewed at the site in Mortlake beside the Thames since 1487

A Singaporean developer of luxury flats has bought the historic Stag Brewery in London for £158m from the brewing giant AB InBev.

Beer is thought to have been brewed at the site in Mortlake beside the Thames since 1487, when it was part of a monastery. In recent years the Stag has been brewing Budweiser, although AB Inbev has been considering closing the site since 2009. InBev has confirmed that production has now stopped there.

The new owner is Reselton – part of Singapore’s City Developments, which bought nearby Teddington Studios, the one-time home of Thames Television, from Lord Hestletine’s Haymarket earlier this year.

City Developments is chaired by billionaire Kwek Leng Beng and is one of Singapore’s largest landlords.

AB InBev, which is merging with rival SABMiller, hopes to fully vacate the site in 2016. Advised by London-based property specialist Dartmouth Capital Advisors, Reselton will work up redevelopment plans for the 22- acre site, which could have scope for around 850 homes.