DB Breweries is taking advantage of the slumping market to add to its hospitality portfolio, buying up three popular bars and is in talks to build a third.

DB, in conjunction with its hospitality joint venture Barworks, has purchased Takapuna’s Copper Room, Christchurch’s Soho bar, and is in discussions to purchase Degree Bar in Auckland’s Viaduct.

DB has purchased a 75% stake in Hurstmere Pubs, owner of the Copper Room, with the remaining 25% stake held by Barworks, all up costing $268,100.