The 1.88-acre site, which includes 36,000 sq ft of space, was put up for sale two years ago by Carlsberg Marston’s Brewing Company which this year became Carlsberg Britvic. The site includes former brewery buildings, warehouses, offices, tap room, shop and car parking.

In addition to establishing its own HQ, Pennyfarthing has completed the sub-sale of two warehouses on the site to Brighter Productions, a leading event production company, who will refurbish the building into a state-of-the-art headquarters.

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“We are proud to be breathing new life into an iconic local site that has been underutilised for several years, executive chair at Pennyfarthing Homes.

“This redevelopment will not only provide Pennyfarthing with a new base that reflects our ambitions for the future, but it will also bring new jobs and energy to the local area.

“Ringwood is a thriving town in a prime location, and we look forward to being part of its future.”

It is anticipated that work will start on the brewery in 2026, with the two businesses relocating following completion of the works.